StubHub Shares Plunge Amid Weak Outlook and World Cup Spending Concerns

StubHub's shares plummeted by 20% in premarket trading, driven by a weak second-half outlook and fears that the recent World Cup temporarily inflated demand, pulling spending forward.

13 Aug, 13:35 — 13 Aug, 13:35

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zerohedgeLow3d ago

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

StubHub Shares Plunge As Weak Outlook Fuels Fears World Cup Pulled Spending Forward StubHub shares plunged 20% in premarket trading as uncertainty surrounding its second-half outlook fueled concerns that World Cup demand temporarily pulled forward discretionary spending on entertainment and events. ..back near four month lows... StubHub's second-quarter results were mixed. Revenue climbed 33% to $573.1 million, beating the $513.3 million Bloomberg consensus estimate, while...

By Tyler Durden

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StubHub Shares Plunge Amid Weak Outlook and World Cup Spending Concerns

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

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