Moody's changes StubHub view to stable

Moody's Investors Service said it affirmed StubHub Holdco Sub, LLC's ratings, including its the B3 senior secured first-lien bank credit facility, and changed the outlook to stable from positive.

“Today's outlook change to stable from positive and affirmation of ratings reflect StubHub's weaker than expected operating performance and earnings despite a strong rebound in live entertainment post pandemic. Moody's expects that an improvement in leverage and margins will be protracted as a result of recent hikes in marketing spend and Moody's view that StubHub will continue to aggressively pursue market share gains,” the agency said in a press release.

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