Why StubHub Holdings Stock Crashed This Week
StubHub stock plummeted 16.8% after reporting record Q2 revenue of $573 million (up 33% YoY) but remaining unprofitable with a net loss of $40,000. Despite a World Cup boost, expenses surged 37%, outpacing revenue growth. The company's conservative full-year guidance and concerns about customer complaints regarding refunds and fraudulent tickets prompted Wall Street downgrades, with BofA Securities downgrading the stock to underperform with a $7.50 price target.
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