StubHub Holdings Inc-A 2026年季度报告

FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March31, 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to _____ Commission file number001-42846——————— STUBHUB HOLDINGS, INC. (Exact name of registrant as specified in its charter)——————— Delaware 20-2082924 (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 175 Greenwich Street, 59th FloorNew York, New York 10007(Address and zip code of principal executive offices)(888) 977-5364(Registrant's telephone number, including area code)——————— Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and(2) has been subject to such filing requirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company”and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filerAccelerated filerNon-accelerated filerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).YesNo As of May 8, 2026, the registrant had outstanding 350,687,301shares of Class A common stock and 24,750,000 shares of Class B commonstock, each with a par value of $0.001. STUBHUB HOLDINGS, INC.Form 10-Q TABLE OF CONTENTS Special Note Regarding Forward-Looking Statements1 PART IFINANCIAL INFORMATION Item 1.Financial Statements (unaudited)Condensed Consolidated Balance Sheets3Condensed Consolidated Statements of Operations4Condensed Consolidated Statements of Comprehensive Income (Loss)5Condensed Consolidated Statements of Redeemable Preferred Stock, Redeemable Common Stock andStockholders’ Equity6Condensed Consolidated Statements of Cash Flows7Notes to Condensed Consolidated Financial Statements9Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations30Item 3.Quantitative and Qualitative Disclosures About Market Risk41Item 4.Controls and Procedures43 PART IIOTHER INFORMATION Item 1.Legal Proceedings45Item 1A.Risk Factors45Item 2.Unregistered Sales of Equity Securities and Use of Proceeds45Item 3.Defaults Upon Senior Securities45Item 4.Mine Safety Disclosures46Item 5.Other Information46Item 6.Exhibits46Signatures47 Special Note Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q (this "Quarterly Report") contains forward-looking statements about StubHub Holdings, Inc.(the "Company," "we," "our" or "us") and our industry that involve substantial risks and uncertainties. These forward-looking statementsreflect our current views with respect to, among other things, future events and our future business, financial condition and results ofoperations. These statements are often, but not always, made through the use of words or phrases such as “aim,” “anticipate,” “believe,”“continue,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will”and “would” or the negative version of those words or phrases or other comparable words or phrases of a future or forward-looking nature.These forward-looking statements are not statements of historical fact, and are based on current expectations, estimates and projectionsabout our industry as well as certain assumptions made by management, many of which, by their nature, are inherently uncertain andbeyond our control. The following important factors, in addition to those discussed under the heading "Risk Factors" in Part I, Item 1A ofour Annual Report on Form 10-K for the year ended December 31, 2025 and other unforeseen events or circumstances, could affect ourfuture results and could cause those results or other outcomes to differ materially from those expressed or implied in our forward-looki