StubHub shares plunge after World Cup ticket fiasco wipes out quarterly profit

StubHub Shares Plunge As Weak Outlook Fuels Fears World Cup Pulled Spending Forward

StubHub beat Q2 ($573.1M revenue, record $3.1B GMS) but World Cup pulled forward discretionary spending; shares fell 20% on H2 uncertainty. For tech operators, the risk is clear: event-driven volume may have masked BNPL dependency; post-event spending normalization poses material downside.