By Kelly Cloonan

StubHub Holdings swung to a first-quarter profit as revenue rose, helped by growing demand for live events. Chief Executive Eric Baker said trends in the live events and secondary ticketing markets remain healthy, with strong consumer demand and a robust event calendar this year. Shares gained 13%, to $8.50, in after-hours trading.

Cisco Systems is cutting thousands of jobs to make room for more artificial intelligence in its business. The technology conglomerate said that it plans to eliminate fewer than 4,000 jobs this quarter, less than 5% of its workforce, so that it can pour more resources into silicon, optics, security and AI. The company also raised its full-year guidance on the back of big revenue and earnings gains. Shares climbed 19%, to $121.08, in late trading.

Doximity posted lower profit in its fiscal fourth quarter amid higher operating costs. The digital platform for U.S. healthcare professionals reported revenue of $145.4 million, up 5% and topping analyst expectations. Adjusted earnings per share, however, came in below Wall Street's estimates. The stock slid 19%, to $18.90, after hours.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

May 13, 2026 19:27 ET (23:27 GMT)

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