Strong Market Share Growth
StubHub's market share in North America increased, with the company now approximately 4x larger than its nearest competitor based on GMS and comparable metrics.
Successful IPO and Financial Transactions
StubHub raised approximately $1 billion through its IPO and Series O preferred equity, significantly reducing its total debt by 30%.
Revenue and Profitability Growth
Revenue for the third quarter was $468 million, up 8% compared to last year. Adjusted EBITDA was $67 million, representing a 21% increase compared to the same period last year.
Adoption of ReachPro Technology
Rapid adoption of StubHub's ReachPro tool among sellers, leading to increased market share and a strategic advantage in the secondary market.
Direct Issuance Initiative
StubHub signed a partnership with Major League Baseball and other entertainment promoters to expand direct issuance, representing a potential market opportunity exceeding $100 billion.