StubHub Holdings, which provides an online marketplace for event tickets, reported financial results for the three months ended March 31, 2025, in an amendment filed with the SEC on Monday. It originally filed for an IPO in March 2025 that we estimate could raise $1.0 billion. The company had not amended its initial filing until today, indicating that it may be preparing for a September offering.
StubHub operates a global secondary ticketing marketplace for live events, operating under the brand StubHub in North America and viagogo internationally. The company states that it has 84% aided brand awareness in the US. In 2024, buyers from over 200 countries and territories purchased over 40 million tickets from over 1 million sellers on its marketplace. The company leverages its centralized technology and operations to reach buyers and sellers across the globe, supporting 33 languages and accepting payments in 48 currencies.
StubHub Holdings was founded in 2000 and booked $1.8 billion in sales for the 12 months ended March 31, 2025. The New York, NY-based company plans to list on the NYSE under the symbol STUB. J.P. Morgan, Goldman Sachs, BofA Securities, and Evercore ISI are the joint bookrunners on the deal.
