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We believe we operate the largest global secondary ticketing marketplace for live events. We connect fans around the world with sellers who use our marketplace to reach passionate fans and price tickets efficiently.
$9.98
+$0.14 (+1.42%)
Price from 12 days ago
The business is unprofitable at the operating level (-77.01% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 1.4% YoY. Margins deteriorated 84.8pp alongside, both lines moving the wrong way.
Free cash flow declined 26% versus the prior year, cash generation momentum has weakened. ROIC dropped from 4.78% to -35.82%, capital efficiency is deteriorating.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (FY)
$1.75B
▼ -1.4% YoY
Net Income (TTM)
-$1.84B
▼ -67969.1% YoY
Op. Margin
-77.01%
▼ -84.8pp YoY
ROIC
-35.82%
▼ -40.6pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$191M
▼ -26.4% YoY
Op. Cash Flow (FY)
$193M
▼ -26.4% YoY
Net Debt
-$30M
Net Cash Position
Cash & Equiv.
$1.53B
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