StubHub: Still A Buy, Still Strong, Still Underrated

Gen Z Investor 372 Followers Follow Summary StubHub Holdings remains a strong buy at current levels, trading at just 8-9x forward FCF with a solid industry moat. STUB’s Q2 2026 results showed 33% GMS growth, $106M adjusted EBITDA, and net leverage reduced to 3x, aided by World Cup-driven ticket sales. Management guides for $10.2B 2026 revenue and $400M adjusted EBITDA but expects flat growth in upcoming quarters, limiting near-term margin expansion. Share dilution is a key risk, with share count up 35% in 18 months; long-term, STUB could deliver 18% CAGR to 2030 if growth resumes and dilution moderates. whitebalance.space/iStock via Getty Images StubHub Holdings, Inc. ( STUB ) has had a wild ride since my last article from March of this year. The stock skyrocketed more than 100% from my publication price to the beginning of July, just to nosedive This article was written by Gen Z Investor 372 Followers Follow I am a dedicated financial risk manager and investor specializing in financials, consumer, and technology industries. I have been involved in the investing world for over nine years, conducting deep analyses and managing different types of portfolios.I believe in deep research, prioritizing business model trends to understand the companies' perspectives in the future before short-term market trends or stock prices. This research philosophy is auspicious to find good growth investment opportunities for the long term while also avoiding dangerous financial instruments presented in the markets. As a relatively young investor, I consider my views a valuable approach to analyzing and researching new technologies and enhancements, as well as the impact these could have on the younger generations and the investments made in these. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in STUB over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.