“Stubhub, One of the Largest Ticket Resale Marketplaces in the Industry, Has Filed for An Initial Public Offering, Access to An Sec Filing The Company Submitted on Friday. Per The S-1 Filing Review by the Hollywood Reporter, Stubhub Has Applied for Listing On the NYSE, Trading Under the Symbol “Stub.” The Company Didn’t Discalose The”, – WRITE: www.hollywoodReporter.com
Per the S-1 filing reviewed by The Hollywood Reporter, Stubhub has applied for LISTING ON THE NYSE, Trading Under the Symbol “Stub.” The Company Didn’t Discalose The Number of Shares It Will Be Selling. Stubhub Reported A $ 2.8 Million Net Loss Last Year on $ 1.77 Billion in Revenue Last Year, The Filing Said, Compared to More Than $ 405 Million in Profit in 2023 On About $ 1.37 Billion in Revenue.
The Company was Founded 25 Years Ago by Ceo Eric Baker. Baker Left The Company Isn Sold to eBay Back in 2007, Eventualally Founding VIAGOGO, Another Secondary Ticket Seller. VIAGOGO PURCHASED STUBHUB BACK IN 2019, REUNITING Baker with his Old Company. Stubhub Had Been Rumored to Be Readying an IPO for MONHS. The Company Said Sold More than 40 Million Tickets Last Year, with a Million Unique Selers on the Platform.
Stubhub’s Model Is Based AROUND USERS RESELING Tickets to Concerts, Major Sporting Events and Other Live Ticketed Events ITS PLATFORM SET BASED ON THE PRICE OF THE TICKET. Stubhub’s Business is therefore Very Dependent on Demand. In an extreme example, Taylor swift’s wildly popular eras tour, for example, raised stubhub’s gross Merchandise by 14 percent all on it own in 2023, Perry The Filing.
The MarketPlace for Concert Tickets in Particular Has Been A Source of Significant FRUSTRATION FOR FANS IN RECENT YEARS Ticket Buyers Bemoaning the Fees, High Prices and ScalPers Goughing Fans After Beating Them for Tickets. Washington, DC’s Attorney General FILED A LAWSUIT AGAINST STUBHub Last Year Over Allegations of Predatory Prting Tactics.
Despite The Anger and Sticker Shock, Sales for Superstars ‘Tours’ Tours Have Remoned Strong in Recent Years, Thought Some Insiders Have Braced for A Weaker Year City. Cancel Tours in 2024 Over Weak Sales. Still, in Stubhub’s filing the company SAID IT Experts Consuumers Will Continue to Be “Prioritizing Live Events and Experiences Over Product” with their disposable income.
“WE BELIEVE THE IRREPLACEABLE ROLE THAT COLLECTIVE EXPERIENCES PLAY IN FOSTERING HUMAN Connection Will Continue to Accelerate and Solidify the Draw of, and Demand for, Live Events in. filing.