StubHub Holdings' stock plummeted 17.85% during intraday trading on Thursday, following the release of disappointing fourth-quarter financial results and a wave of analyst downgrades.

The ticketing marketplace reported a wider-than-expected quarterly loss compared to a profit a year ago, with revenue declining significantly. The company also issued soft earnings guidance for 2026 that fell well below Wall Street expectations, citing a strategic shift to prioritize investment in artificial intelligence for a supply management platform over near-term revenue growth.

Multiple Wall Street firms, including JPMorgan, Wedbush, and BofA Global Research, downgraded the stock or slashed their price targets following the earnings report. Analysts expressed concerns about the company's financial performance and the challenging regulatory environment facing ticket resale platforms.