Ticket reseller StubHub files for an IPO

Zoom out: StubHub rival Vivid Seats has seen its stock price fall by more than 45% over the past year, and reportedly is seeking a buyer.

• SeatGeek remains private despite prior plans to go public via a blank-check merger, and then via an IPO.

By the numbers: StubHub reports a $2.8 million loss on $1.77 billion in revenue for 2024, compared to a $405 million profit on $1.37 billion in revenue for 2023.

• One big difference on the spend side was sales and marketing expense, which climbed to $828 million in 2024 from $518 million the year prior.
• StubHub reports more than 40 million tickets sold on its platform last year by more than a million sellers.
• It didn't disclose an IPO target, but the NY Times previously reported that it could seek to raise more than $1 billion.

Catch up quick: Viagogo bought Stubhub from eBay for $4.05 billion in cash in early 2020.

• Viagogo founder and CEO Eric Baker also co-founded StubHub, and now runs both companies under the same corporate umbrella.
• Shareholders include Madrone Partners, WestCap, Bessemer Venture Partners, PointState Capital, and Declaration Partners.