StubHub (NYSE:STUB) shares surged about 19% on Thursday morning after the ticketing marketplace reported first quarter results that topped Wall Street expectations on both revenue and profitability, while reaffirming its full-year outlook.
The company reported revenue of $446 million for the quarter ended March 31, 2026, up 12% year-over-year and above analyst expectations of about $425 million
Gross merchandise sales rose 7% to $2.2 billion, reflecting steady demand across live events and resale activity. StubHub swung to net income of $48 million, or $0.06 per share, compared with a net loss of $22.2 million in the same period a year earlier. Analysts had expected a loss of about $0.01 per share.
Adjusted EBITDA climbed to $72.1 million, up from $47.9 million a year earlier, with margins expanding more than 400 basis points to 16%. The company also reported strong cash generation, with free cash flow of $290.6 million, nearly double the prior-year period. Operating cash flow rose 88% year over year to $298.4 million.