StubHub Files for IPO Despite Annual Loss

Reported 1 day ago

StubHub Holdings Inc., the ticket selling platform, has filed for an initial public offering (IPO) revealing a revenue increase alongside a significant loss of $2.8 million for the year 2024. The New York-based company reported $1.77 billion in revenue, a rise from $1.37 billion in 2023, but still saw a turnaround from a previous year of net income. Plans for the IPO were initially postponed due to unfavorable market conditions, and the share sale details are yet to be disclosed.

Source: YAHOO

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