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StubHub Stock Sinks After Ticket Reseller Fails to Post Profit
The 2026 FIFA World Cup, won by Spain, helped StubHub’s second-quarter revenue.Credit: Waleed Ibrahim / NurPhoto via Getty ImagesKEY TAKEAWAYSStubHub reported a second-quarter net loss despite a 33% revenue increase.StubHub shares fell after the company’s latest earnings report, extending deep losses year-to-date.StubHub posted a substantial increase in second-quarter revenue, thanks in large part to the World Cup. It just wasn’t able to turn a profit, and investors are selling the stock.StubHub (STUB) shares sank 14% in morning trading Thursday, a day after the ticket-reselling giant posted…
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