StubHub Holdings reported record revenue of $573.1 million for the second quarter of 2026, a 33 percent increase from $430.3 million a year earlier, the ticket resale company said in results posted through StockTitan [1]. The figure amounts to roughly 19 percent of the gross value of tickets sold on the platform.
Gross merchandise sales, the total value of tickets changing hands, reached $3.1 billion, up $789.5 million or 34 percent from $2.3 billion in the prior-year period [1]. That works out to StubHub keeping about 19 cents in revenue for every dollar of tickets its users bought and sold.
The company's two headline profit numbers moved in the same direction this quarter, which has not always been the case. On a GAAP basis, StubHub posted net income of $14.6 million, a 3 percent net income margin, compared with a net loss of $53.8 million a year earlier [1]. Adjusted EBITDA, the company's preferred non-GAAP measure, rose 94 percent to $105.7 million, an 18 percent margin, from $54.3 million [1].
One line does not square cleanly with the others. Diluted earnings per share came in at $(0.00) for the quarter, versus $(0.25) a year earlier, even as the company reported positive net income [1]. The release does not reconcile the positive net income against the zero-and-negative per-share figure, a gap left for the fuller filing.
CEO Eric Baker tied the quarter to the summer's marquee event. "The second quarter demonstrated strong demand for live events, highlighted by a record-setting World Cup," he said [1].
For the full year, StubHub guided gross merchandise sales to a range of $10.1 billion to $10.3 billion and adjusted EBITDA to $400 million to $420 million [1].
The through-line for anyone who has bought a resale ticket is the take rate. Revenue at about 19 percent of GMS is the share of each transaction the platform collects, layered on top of face value. On $3.1 billion in tickets moved in a single quarter, that share is what turned a $53.8 million loss a year ago into $14.6 million of GAAP profit now. The record quarter is built on volume, and the volume is fans paying to get into shows and matches.
