StubHub, a marketplace for buying and selling tickets to sporting events, concerts, and various other events, has filed an S-1 document to take the company public on the New York Stock Exchange using the abbreviation STUB.
Information from the filing indicates that StubHub had revenues of $1.770.6 million in 2024 with a loss of $2.8 million, while in 2023, revenue was $1,367.7 million with a net profit of $405.2 million. Currently, the platform has customers from over 200 countries worldwide and sold over 40 million event tickets from more than 1 million sellers.
StubHub has been facilitating ticket transactions since 2000 and was acquired by eBay for $310 million in 2007. In 2019, eBay decided to sell the business to the ticket resale platform Viagogo for $4.05 billion. Viagogo was founded by Eric Baker, one of the co-founders of StubHub.
Source: CNBC
TLDR: StubHub is preparing to go public on the NYSE, with impressive revenue numbers for recent years and a significant acquisition by Viagogo.
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