StubHub Files And Then Delays IPO

MarketplacePlatforms
Written By Rick Watson

StubHub is a leading online marketplace where fans can buy and sell tickets for sports, concerts, and theater events worldwide, offering a guaranteed, safe, and transparent experience with features like the FanProtect Guarantee.

Ticket resale marketplace, StubHub, filed for an initial public offering (IPO) The company reported a net loss of $2.8 million on revenue of $1.77 billion for 2024, compared with a $405 million profit on $1.37 billion in revenue for 2023. The company was acquired by eBay in 2007 for $310 million in 2007 and acquired by co-founder Eric Baker in 2020 for $4 billion through his new company Viagogo. StubHub reportedly wanted to raise $1 billion at a market value of $16.5 billion. Interestingly, StubHub spent 48% ($828 million) of its revenues on sales and marketing while it spent just $59 million on operations and support. StubHub has since delayed its IPO due to the current market environment.

CNBC: StubHub files for IPO as companies start lining up to go public

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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