# EDGAR Filing Document

**Accession Number:** 0001337634
**File Stem:** 0001193125-25-197629
**Filing Date:** 2025-9
**Character Count:** 4496
**Document Hash:** 2f5b66cc53ccc006ddac48104ff5bd82
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-197629.hdr.sgml**: 20260116

**ACCESSION NUMBER**: 0001193125-25-197629

**CONFORMED SUBMISSION TYPE**: CORRESP

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250908

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** StubHub Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001337634
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 202082924
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** CORRESP

**BUSINESS ADDRESS:**
- **STREET 1:** 175 GREENWICH STREET
- **STREET 2:** 59TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10007
- **BUSINESS PHONE:** (888) 977-5364

**MAIL ADDRESS:**
- **STREET 1:** 175 GREENWICH STREET
- **STREET 2:** 59TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10007

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Pugnacious Endeavors Inc
- **DATE OF NAME CHANGE:** 20050831

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| | | |
|:---|:---|:---|
|  | 1271 Avenue of the Americas | 1271 Avenue of the Americas |
|  | New York, New York 10020-1401 | New York, New York 10020-1401 |
|  | Tel: +1.212.906.1200 Fax: +1.212.751.4864 | Tel: +1.212.906.1200 Fax: +1.212.751.4864 |
|  | www.lw.com | www.lw.com |
| ![LOGO](g225849dsp1.jpg) | FIRM / AFFILIATE OFFICES | FIRM / AFFILIATE OFFICES |
|  | Austin | Milan |
|  | Beijing | Munich |
|  | Boston | New York |
|  | Brussels | Orange County |
|  | Chicago | Paris |
| September 8, 2025 | Dubai | Riyadh |
|  | Düsseldorf | San Diego |
|  | Frankfurt | San Francisco |
|  | Hamburg | Seoul |
|  | Hong Kong | Silicon Valley |
|  | Houston | Singapore |
|  | London | Tel Aviv |
|  | Los Angeles | Tokyo |
|  | Madrid | Washington, D.C. |

---

**<u>VIA EDGAR</u>**

U.S. Securities and Exchange Commission

Division of Corporation Finance

Office of Trade & Services

100 F Street, N.E.

Washington, D.C. 20549-6010

Attention: Joel Parker

Alyssa Wall

Erin Jaskot

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| | |
|:---|:---|
| **Re:** | **StubHub Holdings, Inc.**  |

---

**Amendment No. 2 to Registration Statement on Form S-1** <br>

**Letter dated September 3, 2025** <br>

**File No. 333-286000** <br>

Ladies and Gentlemen:

On behalf of our client, StubHub Holdings, Inc. (the "***Company***"), we are submitting this letter in response to the comment received from the staff of the U.S. Securities and Exchange Commission (the **"*Staff***") by letter, dated September 3, 2025 (the "***Comment Letter***"), regarding the Company's Amendment No. 2 to the Registration Statement on Form S-1 (the "***Registration Statement***").

The Company is concurrently filing with the Staff Amendment No. 3 to the Registration Statement ("***Amendment No. 3***"), which has been revised to reflect the Company's response to the Comment Letter, as well as certain other changes.

For ease of review, we have set forth below the comment from the Staff contained in the Comment Letter in bold type followed by the Company's response thereto. Unless otherwise indicated, capitalized terms used herein have the meanings assigned to them in Amendment No. 3 and all references to page numbers in such response are to page numbers in Amendment No. 3.

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**September 8, 2025** 

**Page 2**

![LOGO](g225849g0203221015420.jpg)

***<u>Amendment No. 2 to Registration Statement on Form S-1</u>***

**<u>Comparison of the Six Months Ended June 30, 2025 and 2024</u>**

**<u>Revenue, page 87</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.** **Please quantify and further explain the cause of the increase in refunded fees as a result of higher event cancellations. Refer to Item 303(b) of Regulation S-K.** 

*Response*: The Company has revised page 91.

**\* \* \*** 

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**September 8, 2025** 

**Page 3**

![LOGO](g225849g0203221015420.jpg)

We hope the foregoing is responsive to your comment. Please do not hesitate to contact me by telephone at (212) 906-1311 with any questions or comments regarding this correspondence.

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| |
|:---|
| Very truly yours, |
| /s/ Michael Benjamin |
| Michael Benjamin<br> of LATHAM & WATKINS LLP |

---

cc: Eric H. Baker, StubHub Holdings, Inc.

Mark Streams, StubHub Holdings, Inc.

Connie James, StubHub Holdings, Inc.

Tad J. Freese, Latham & Watkins LLP

Alison A. Haggerty, Latham & Watkins LLP

Adam Gelardi, Latham & Watkins LLP

Dave Peinsipp, Cooley LLP

Kristin VanderPas, Cooley LLP

Denny Won, Cooley LLP