Why StubHub's Stock Plunged Over 20% After Its First Post-IPO Quarterly Report

1. StubHub shares fell over 20% after missing guidance for current quarter. 2. First earnings report since IPO showed $1.3 billion net loss. 3. Revenue increased 8% year-over-year, gross merchandise sales rose 11%. 4. Analysts expressed concerns about performance but remain bullish long-term. 5. Future guidance won't come until fourth-quarter results in three months.