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StubHub $STUB shares are under pressure after its 1st quarter as a public company. The company beat Q3 with $468m in revenue and about $67m in adj. EBITDA on GMS up 11% YoY to $2.44b, but gave NO forward guidance and only high level commentary, and analysts are cutting 4Q25 and 2026 estimates given tougher comps from Taylor Swift, last year’s World Series, and event calendar shifts that pulled more on sales into September.

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