StubHub beats on revenue in first earnings report since IPO, but stock slides
1. StubHub shares fell 5% after quarterly earnings report. 2. Loss per share was $4.27, missing expectations. 3. Revenue of $468.1 million exceeded projections of $452 million. 4. Net loss surged to $1.33 billion due to one-time charges. 5. Gross merchandise sales rose 11%, with 24% growth excluding prior year’s hits.