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Stubhub Holdings had a great third quarter, with sales up 7% to $2.6 billion and profit jumping 84% to $124 million.

ResultsRead the original at Benzinga
Good for STUB

Stubhub handled $2.6 billion in gross sales, up 7%, and its adjusted profit measure rose 84% to $124 million. It raised its sales-growth forecast and lowered borrowing costs, outweighing its unchanged adjusted profit forecast.

STUB · Stubhub Holdings

AI read · Good for STUB

The AI's read

More ticket sales and a larger adjusted profit measure suggest Stubhub handled demand and costs well. The higher sales forecast and lower borrowing costs support that reading. The company kept its adjusted profit forecast unchanged, and AI referrals have not yet brought significant traffic. Those points temper the news, but they do not outweigh the reported growth and higher sales forecast.

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