StubHub Holdings Q1 2026 Earnings Review

StubHub delivered a solid Q1 2026 beat on revenue and EBITDA, leading Goldman Sachs to reiterate its Buy rating and raise the price target to $16. Management expressed confidence in its FY26 outlook, bolstered by a strong events calendar and ongoing market share gains.

Key Takeaways

• 1.StubHub reported strong Q1 2026 results with revenue and Adjusted EBITDA beating Goldman Sachs estimates by 4% and 10% respectively.
• 2.Management reiterated FY 2026 guidance, citing a robust event calendar and confidence in operating leverage from market share gains.
• 3.The company has not observed macro-driven consumer weakness, despite broader investor concerns regarding discretionary spending.

Table of Contents

• BUY
• Key Data
• GS Forecast
• GS Factor Profile
• Ratios & Valuation
• Growth & Margins (%)
• Price Performance
• Income Statement ($ mn)
• Balance Sheet ($ mn)
• Cash Flow ($ mn)
• Q1'26 Positives & Negatives
• Q2'26 & FY2026 Estimate Changes
• Valuation: Maintain Buy Rating and Raise PT to $16 (from $15)
• Disclosure Appendix

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial