NEW YORK (AP) — NEW YORK (AP) — StubHub Holdings Inc. (STUB) on Wednesday reported a loss of $549.3 million in its fourth quarter.
On a per-share basis, the New York-based company said it had a loss of $1.55. Losses, adjusted for pretax expenses and non-recurring costs, were 6 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The online ticket marketplace posted revenue of $449.2 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $481.4 million.
For the year, the company reported a loss of $1.99 billion, or $6.27 per share. Revenue was reported as $1.75 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STUB at https://www.zacks.com/ap/STUB
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