Key Highlights

  • Market data put the shares 4.06% higher at USD 5.26 on Friday, November 13, 2026, and no company announcement from November 11 to 13 was located to account for the move.
  • Net income of USD 33.6 million in the third quarter replaces a USD 1,294.6 million net loss from the prior-year period, while Revenue reached USD 502.0 million, up 7%, and gross merchandise sales hit USD 2.62 billion.
  • Net leverage, measured against trailing adjusted EBITDA, improved from 4.5 times at December 31, 2025 to 2.5 times, while the quarter's adjusted EBITDA reached USD 124.1 million (a 25% margin, up 84%).
  • A full-year gross merchandise sales range of USD 10.175 billion to 10.375 billion was raised, while the USD 400 million to 420 million adjusted EBITDA outlook stayed where it was.

Profit Turnaround Arrives With the November 10 Report

Friday, November 13, 2026 found StubHub (NYSE:STUB) trading 4.06% higher at USD 5.26 in market data. Since no company announcement dated November 11 through 13 has surfaced, the newest verified event is the third-quarter report from November 10, 2026. Top-line revenue hit USD 502.0 million, a 7% advance on USD 468.1 million, while gross merchandise sales, at USD 2.62 billion, grew by the same proportion. Net Income reached USD 33.6 million, a 7% margin, but the year-on-year contrast is dominated by a USD 1,294.6 million loss in the third quarter of 2025. Published coverage stated that revenue and adjusted EPS fell short of expectations.

Adjusted EBITDA Surges as Debt Burden Eases

Adjusted EBITDA came in at USD 124.1 million, up from USD 67.5 million, and the Margin improved by 10 points to 25%. Trailing 12-month adjusted EBITDA is USD 364.5 million, and Leverage declined to 2.5 times from 4.5 times at the close of 2025. Senior Credit facilities carried USD 1,318.0 million of principal, consisting of USD 513.8 million in euro-denominated term debt and USD 804.2 million in dollar term debt. In October, StubHub (NYSE:STUB) lengthened term Loan maturities by 3.5 years and cut borrowing costs. Because no Buybacks happened in 2026, the leverage gain reflects Earnings growth and debt paydown.

Cash on Hand Overstates Free Liquidity, With No Fourth-Quarter Outlook Offered

StubHub (NYSE:STUB) held USD 1,167.2 million of cash on September 30, 2026, but USD 860.7 million of payables are due to buyers and sellers, mostly sellers, so that cash is not all available to the company. Netting cash against debt principal gives about USD 150.8 million (calculated). Full-year gross merchandise sales guidance went up, but no fourth-quarter guidance was issued. Published coverage also reported 27 open-market insider trades in the past six months, all of them sales. A stock priced near USD 5 can swing sharply on light volume.

Where Things Stand

Friday's 4.06% move had no company-specific catalyst that could be identified, so it is best read as unexplained. StubHub (NYSE:STUB) recently moved from a steep prior-year loss to USD 33.6 million of net income, lifted adjusted EBITDA 84% and raised its sales outlook, though published coverage said revenue and adjusted EPS missed forecasts. Term debt stands at USD 1,318.0 million, and some of the cash on hand is owed to ticket sellers. This figure is live and may reverse. Watch ticket Demand in the closing quarter of the year, the next Quarterly Report and additional debt reduction.