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StubHub Sees 32% Revenue Growth For Q3, But Warns Of Lower Numbers In Q4

StubHub during its Q3 that ended Sept. 30 generated $263M in revenue, up 32% from the comparable period last year, and $1.1B in gross sales, up 23%, according to earnings released late yesterday by corporate parent eBay. Baseball was credited for the growth at the ticket resale marketplace, along with concerts, theater and product innovation. But eBay warned of decelerating growth for StubHub during Q4, which historically has been its largest period of the year, helping prompt a decline in eBay stock in after-hours trading. eBay President & CEO Devin Wenig also said of StubHub's new partnership with the 76ers that blends primary and secondary inventory, "Our comps will get more difficult from here. However, we believe our strategy of expanding internationally and selectively tapping into the primary market will serve us well over the long-term."

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