10:57 AM EST, 11/14/2025 (MT Newswires) -- StubHub's ( STUB ) lack of forward commentary during its Q3 earnings will pressure shares and build investor concerns around the lack of visibility over the near-term, Wedbush said in a note on Friday.

During the company's Q3 earnings conference call, Chief Executive Eric Baker discussed several factors that will "negatively impact" the StubHub's ( STUB ) results next quarter, which included the pull forward of certain ticket sales from Q4 into September will be a drag on the company's gross merchandise sales, Wedbush said.

"In our view, it may take multiple quarters for investors to regain comfort without greater transparency from the company or tangible evidence of an inflection in the business," said Wedbush analysts.

For Q4, the brokerage lowered its estimates and now expects quarterly revenue and adjusted earnings before interest taxes depreciation and amortization of $497 million and $62 million, respectively, from $506 million and $66 million, previously.

The firm maintained its outperform rating and lowered its price target to $22 from $25.

Shares of the company were down 24% in recent Friday trading.

Price: 14.25, Change: -4.58, Percent Change: -24.31