StubHub's IPO dreams hit like a wet sock: $828M revenue = big oof ๐ฌ๐ธ Adjusted EBITDA down 7% ๐ฅ๐ #MissedItByThatMuch
๐๐ฅ Boring IPO Alert! ๐จ StubHub is like the kid who promised to bring cupcakes to the bake sale but showed up with Jell-O shots instead! ๐ฎ๐ The ticket-peddler just released its H1 report, claiming a revenue boost of 3% to a whopping $828 MILLION. But waitโ๐ they were aiming for $885M! *Insert SpongeBob โI canโt evenโ meme* ๐คฆโโ๏ธ Adjusted EBITDA dipped like my motivation on a Monday morningโdown 7%! ๐๐ Even as they prep for a September IPO, StubHub is like that one friend who says "Iโm gonna get my life together," while still binge-watching reality shows at 3 AM. This ain't it, fam! ๐คก But hereโs the tea โ๏ธ: โWe thought we could just sprinkle some marketing fairy dust and everything would magically work out!โ - StubHub Dev, probably. ๐งโโ๏ธ No cap, it's gonna take more than just a cute website and a meme-worthy TikTok dance to bring those revenue numbers up, fr fr. Hot take: By 2025, StubHub will be offering โFOMO insuranceโ for all the tickets they canโt sellโbecause letโs be real, who wants to drop $828M and still have to cry in a corner? ๐๐๐ฐ Stonks? More like no stonks. ๐คก๐ฅ
