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StubHub Files for IPO, Says Revenue Was Up 29% to $1.77 Billion in 2024
StubHub filed for an IPO, saying its 2024 revenue was up 29% to $1.77 billion. The ticketing company plans to use the IPO proceeds to pay down debt.
On Friday (March 21), secondary ticketing marketplace StubHub filed for an initial public offering (IPO) with the SEC that the company hopes will value it at $16.5 billion. A pioneer in online ticket re-selling, StubHub had “gross merchandise sales” (GMS) — or the total price customers paid for the transaction and fulfillment — of $8.7 billion in 2024, a 27% increase from 2023. Baker then launched a competing secondary ticketing platform in Europe, Viagogo, which purchased StubHub in 2020.
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