By Elias Schisgall

StubHub Holdings posted lower revenue in the fourth quarter and recorded a wide loss, including a large, non-recurring provision for income taxes.

The ticket exchange platform on Wednesday posted a loss of $535.3 million, or $1.56 a share, compared with a profit of $54.2 million, or 13 cents a share, a year earlier. The loss included a $492.9 million non-recurring, non-cash provision for income taxes during the quarter.

Revenue fell to $449.2 million, down from $533.4 million a year earlier.

Analysts surveyed by FactSet were expecting a loss of 1 cent a share and revenue of $485.4 million.

Shares fell 9% to $9.25 in post-market trading Wednesday after closing at $10.17. At close, the stock was down 54% since its debut on the New York Stock Exchange in September.

Gross merchandise sales, a measure of the total value of goods sold on the platform, were $2.3 billion. Excluding the impact in the previous year of Taylor Swift's "Eras" tour, the company reported underlying gross merchandise sales growth of 6% year-over-year.

For the current year, the company is projecting gross merchandise sales of between $9.9 billion and $10.1 billion. It is projecting adjusted earnings before interest, taxes, depreciation, and amortization between $400 million and $420 million.

Analysts were expecting adjusted Ebidta of $704.4 million for the year.

The company also said it expects growth in its North American market, higher returns from improved marketing efficiency, and international expansion outpacing North America in 2026.

The company paid down $150 million of its debt in the fourth quarter, it said.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

March 04, 2026 16:41 ET (21:41 GMT)

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