News Summary
NegativeStubHub delivered record Q2 revenue ($573M, +33% YoY) and raised full-year GMS guidance, but missed adjusted EPS expectations significantly ($0.02–$0.00 vs. $0.07–$0.24 consensus), triggering a 13–20% after-hours selloff. The company provided no forward EPS guidance and faces ongoing headwinds including a UK regulatory fine and heavy insider selling, despite strong operational momentum and meaningful debt reduction.
Red flags
- •Material EPS miss: reported $0.00–$0.02 vs. consensus $0.07–$0.24 (>70% shortfall)
- •No forward EPS guidance provided, unsettling investors despite revenue beat
- •UK CMA fine (£900k) and customer refund order for hidden fees (late June 2026)
- •Significant insider selling: 17 sales vs. 0 purchases in past 6 months by executives
- •Stock fell 13–20% in after-hours trading despite headline growth metrics
- •Profitability miss despite record GMS/revenue, indicating margin compression or cost overruns
Funds Reducing / Exiting (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Maverick Capital | Lee Ainslie | 0 | −931K | — | <0.1% | -100% | EXITED |
| Soros Fund Management | Soros Family Office | 0 | −125K | — | <0.1% | -100% | EXITED |
| Duquesne Family Office | Stanley Druckenmiller | 0 | −1.4M | — | 0.3% | -100% | EXITED |
Shares Held reflects quarter-end positions for partial reductions. Funds that fully exited show 0 shares held. ∆ Shares is the change from the prior quarter. % of Fund is the prior-quarter position size — how much of the book was sold down.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| Islam Nayaab | See Remarks | SELL | 3K | $14.01 | $0.04M | 2026-07-07 | ↗ |
| Streams Mark | See Remarks | SELL | 400 | $14.01 | $0.01M | 2026-07-07 | ↗ |
| Islam Nayaab | See Remarks | SELL | 55K | $13.03 | $0.71M | 2026-07-06 | ↗ |
| Streams Mark | See Remarks | SELL | 29K | $13.02 | $0.37M | 2026-07-06 | ↗ |
| Islam Nayaab | See Remarks | SELL | 2K | $13.00 | $0.03M | 2026-07-01 | ↗ |
| Streams Mark | See Remarks | SELL | 3K | $13.00 | $0.04M | 2026-07-01 | ↗ |
| Streams Mark | See Remarks | SELL | 18K | $13.03 | $0.24M | 2026-06-30 | ↗ |
| Islam Nayaab | See Remarks | SELL | 25K | $13.03 | $0.33M | 2026-06-30 | ↗ |
| Streams Mark | See Remarks | SELL | 300 | $13.00 | $0.00M | 2026-06-29 | ↗ |
| Islam Nayaab | See Remarks | SELL | 1K | $13.00 | $0.02M | 2026-06-29 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| PointState Capital LP | SC 13G/A | 10.0M | 2.8% | 2026-08-14 | ↗ |
| PointState Capital LP | SC 13G/A | 20.1M | 6.1% | 2026-05-15 | ↗ |
| Bessemer Venture Partners VIII L.P. | SC 13G/A | 9.2M | 2.8% | 2026-04-29 | ↗ |
| WestCap Management, LLC | SC 13G/A | 12.5M | 3.8% | 2026-04-08 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.