STUB StubHub

Moody’s Ratings upgraded StubHub’s Corporate Family Rating to B2 from B3, citing progress in deleveraging the live-event ticketing platform. The agency also raised the company’s Probability of Default Rating and senior secured bank facility ratings to B2, maintaining a stable outlook. The upgrade reflects StubHub’s aggressive debt-reduction strategy and expected recovery in operating margins. Moody’s highlighted $350 million of voluntary debt repayments funded by excess cash flow since late 2025, followed by another $100 million payment after the second quarter of 2026. StubHub’s Moody’s-adjusted leverage stood at 8.5x at the end of Q2, but the agency expects it to fall to 5.7x by year-end 2026, supported by mid- to high-single-digit gross merchandise sales growth and margin expansion. Moody’s expects annual free cash flow of $280 million-$300 million, net of seller payments, while the company has a fully available $565 million senior secured revolving credit facility due in 2030. $STUB

$STUB: StubHub blames World Cup transfer glitches, FIFA blames third-party platforms, and buyers are stuck in the middle. The Moghal suit treats the Fan Protect Guarantee as a deceptive warranty. Nothing to claim. Open Class Actions.

$STUB: a Moghal plaintiff says he paid $2,294.69 for 2 World Cup tickets, traveled to Mexico for the match, then got a refund June 25 with no explanation. Lawsuit stage, nothing to claim. Open Class Actions.

$STUB: one fan says she paid $1,905 for 3 World Cup tickets, drove to SoFi Stadium, and never got them or the promised refund. The Moghal suit alleges StubHub sold tickets it could not deliver. Nothing to claim. Open Class Actions.