Ticketplus Reports Third Quarter 2026 Results with Quarterly Revenue Up 90.3% and Initiates Full-Year 2026 Outlook

Quarterly revenue of $14.4 million, up 90.3% year-over-year, accelerating from growth of 80.8% in the second quarter of 2026 Initiates full-year 2026 outlook, with revenue expected to grow 73% to 80% and Total Platform Sales (GMV) expected to grow more than 130% Revenue of $37.3 million and net profit of $5.7 million for the first nine months of 2026 already exceed full-year 2025 revenue of $29.5 million and net profit of $2.2 million Net profit of $1.6 million, or $0.14 per share, including a one-time, non-cash charge of $1.2 million related to the initial public offering; adjusted net profit of $2.8 million, or $0.24 per share Gross profit margin expanded 590 basis points to 49.0%; Adjusted EBITDA of $6.1 million, up 108.2% year-over-year, with an Adjusted EBITDA margin of 42.6% Quarterly Total Platform Sales (GMV) of approximately $177.5 million, up 144.8% year-over-year Platform sales processed for white-label partners, which run their own operations on Ticketplus technology, more than tripled in the first nine months of 2026 and represented 57.7% of total GMV Cash and cash equivalents of $17.0 million and shareholders’ equity of $26.2 million as of September 30, 2026, following the initial public offering SANTIAGO, Chile & NEW YORK--(BUSINESS WIRE)--Ticketplus Ltd. (“Ticketplus” or the “Company”) (NYSE American: TP), a technology infrastructure company powering live entertainment across Latin America, today announced its financial results for the third quarter ended September 30, 2026, during which the Company completed its initial public offering. Net profit for the third quarter was $1.6 million, or $0.14 per share. Results for the third quarter include a one-time, non-cash share-based payment expense of $1.2 million for ordinary shares issued for services upon the completion of the initial public offering. Excluding this expense and the other offering-related items described under “Use of Non-IFRS Financial Information” below, adjusted net profit for the third quarter was $2.8 million, or $0.24 per share. “The third quarter was a milestone for Ticketplus: we became a public company on NYSE American and delivered the strongest quarter in our history,” said Chien-Fu Chen, CEO of Ticketplus. “Revenue growth accelerated to 90.3%, and in the first nine months of the year we processed 1.7 times the platform sales of all of 2025. We built Ticketplus as the technology infrastructure for live entertainment in Latin America, and each partner chooses the services it needs, from our technology alone to full operations. Autoentrada, a white-label partner since 2019 and now our full operation in Argentina, shows how our two models work together.” “We are growing profitably,” said Joaquín Jadue, CFO of Ticketplus. “In the first nine months, our revenue and net profit already surpassed those of all of 2025, and our Adjusted EBITDA margin reached 42.6% in the third quarter. We ended September with more cash than bank debt while continuing to invest in our platform ahead of growth. For the full year 2026, we expect revenue to grow by at least 73% and GMV to grow more than 130%.” Third Quarter 2026 Financial Highlights Revenue increased 90.3% year-over-year to a record $14.4 million, compared to $7.5 million in the third quarter of 2025, accelerating from growth of 80.8% in the second quarter of 2026 Gross profit increased 116.1% year-over-year to a record $7.0 million, and gross profit margin expanded 590 basis points to 49.0%, up from 43.1% in the third quarter of 2025 Net profit of $1.6 million, or $0.14 per share, more than seven times the third quarter of 2025 ($0.2 million, or $0.02 per share), after the one-time, non-cash share-based payment expense of $1.2 million described above Adjusted net profit was $2.8 million, or $0.24 per share Adjusted EBITDA increased 108.2% year-over-year to a record $6.1 million, with an Adjusted EBITDA margin of 42.6%, compared to 39.0% in the third quarter of 2025 Total Platform Sales (GMV) increased 144.8% year-over-year to a record of approximately $177.5 million, compared to approximately $72.5 million in the third quarter of 2025 Capitalized development of approximately $3.8 million, or 26.8% of revenue Nine Months 2026 Financial Highlights Revenue increased 76.4% year-over-year to $37.3 million, compared to $21.1 million for the nine months ended September 30, 2025, already exceeding full-year 2025 revenue of $29.5 million Gross profit increased 114.6% year-over-year to $18.3 million, and gross profit margin expanded 870 basis points to 49.0%, from 40.3% for the nine months ended September 30, 2025 Net profit increased 208.3% year-over-year to $5.7 million, or $0.54 per share, compared to $1.9 million, or $0.18 per share, for the nine months ended September 30, 2025, already exceeding full-year 2025 net profit of $2.2 million Adjusted net profit was $7.0 million, or $0.66 per share Adjusted EBITDA increased 112.3% year-over-year to $16.0 million, with an Adjusted EBITDA margin of 43.0%, compared to 35.7% for the nine months ended September 30, 2025 Cash flow from operations increased 48.8% year-over-year to $11.8 million Continued investment in the platform ahead of growth, with capitalized development representing 37.8% of revenue for the nine months ended September 30, 2026, compared to 38.3% for the nine months ended September 30, 2025 Total Platform Sales (GMV) increased 131.5% year-over-year to approximately $457.8 million, exceeding Total Platform Sales (GMV) of approximately $268.9 million for the full year 2025 Cash and cash equivalents of $17.0 million as of September 30, 2026, up from $4.0 million as of December 31, 2025, and above total bank borrowings of approximately $13.0 million Shareholders’ equity of $26.2 million as of September 30, 2026, compared to $5.6 million as of December 31, 2025 2026 Outlook For the full year 2026, Ticketplus expects: Revenue of $51 million to $53 million, an increase of 73% to 80% over 2025 Total Platform Sales (GMV) of $625 million to $650 million, an increase of more than 130% over 2025 Events processed of 80,000 to 85,000, compared to more than 39,800 in 2025 At least 12 active markets as of December 31, 2026 This outlook reflects organic growth and signed transactions only and assumes exchange rates as of October 26, 2026, which are less favorable than the average rates in the third quarter of 2026. GMV is expected to continue to grow faster than revenue, reflecting the growth of the white-label SaaS model, in which partners run their own operations on Ticketplus technology. The outlook is a forward-looking statement and is subject to the risks and uncertainties described under “Forward-Looking Statements” below. Operating Metrics Ticketplus measures its progress with three operating metrics: Total Platform Sales (GMV), events processed and active markets. More than 62,400 events were processed on the Ticketplus platform during the nine months ended September 30, 2026, surpassing the more than 39,800 events processed in all of 2025 Ticketplus was active in 11 markets as of September 30, 2026: Argentina, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Mexico, Paraguay, Peru, the United States and Uruguay. An active market is defined as one in which the Ticketplus platform is live, with local payment methods enabled, at least one contracted client or partner and ticket sales during the period. GMV processed for white-label partners on the Ticketplus platform increased 218.0% year-over-year during the nine months ended September 30, 2026, representing 57.7% of total GMV, up from 42.0% for the nine months ended September 30, 2025 Both business models grew strongly during the nine months ended September 30, 2026: revenue from the full operation model increased 66.4% and revenue from the white-label SaaS model increased 230.5%, while revenue as a percentage of GMV remained broadly stable within each model. Total Platform Sales (GMV) is an operating metric that represents the total value of all sales processed through the Company’s platform, including tickets and other products and services, before any deductions for fees, refunds, or commissions, and regardless of revenue recognition treatment. This definition is consistent with the basis on which amounts were previously reported. GMV is derived directly from the transactional system of the Company’s technology platform. GMV grew faster than revenue, reflecting the higher mix of software-based deployments. Business Highlights On August 10, 2026, Ticketplus closed its initial public offering on NYSE American; the offering, together with the partial exercise of the underwriters’ over-allotment option, generated aggregate net proceeds of approximately $15.5 million, after deducting underwriting discounts and commissions, the non-accountable expense allowance and the underwriters’ expenses On September 18, 2026, Ticketplus acquired Autoentrada S.A., an Argentine ticketing company based in Córdoba that has operated on the Ticketplus platform under the white-label model since 2019; the acquisition, the Company’s first as a public company, converts that relationship into full operations in Argentina and shows how the Company’s two models work together On September 30, 2026, Ticketplus announced the engagement of Fernando Massú Taré, former Chief Executive Officer of CorpBanca, as Lead Strategic Advisor, LATAM Regional Strategy and Governance As a foreign private issuer, Ticketplus is not required to report quarterly financial results; however, the Company currently intends to report its results on a quarterly basis. The Company’s unaudited interim consolidated financial statements for the quarter ended September 30, 2026, prepared in accordance with IFRS as issued by the International Accounting Standards Board, together with management’s discussion of financial results, are being furnished to the U.S. Securities and Exchange Commission on a Form 6-K, available at www.sec.gov. Conference Call and Webcast Ticketplus will host a conference call and webcast today, Wednesday, October 28, 2026, at 11:00 a.m. ET (12:00 p.m. Chile time), in which Chien-Fu Chen, Chief Executive Officer, and Joaquín Jadue, Chief Financial Officer, will review the third quarter results and the Company’s full-year 2026 outlook. Following prepared remarks, management will answer questions from analysts and investors. Questions can be submitted in advance to Ticketplus@kcsa.com. Live call: 1-877-704-4453 (U.S. toll free) or 1-201-389-0920 (international) Webcast: investors.ticketplus.com For those unable to join the live call, a replay will be available through November 11, 2026, by dialing 1-844-512-2921 (U.S. toll free) or 1-412-317-6671 (international), access code 13763529. A replay of the webcast will also be available on the investor relations section of the Company’s website. About Ticketplus Ticketplus Ltd. (NYSE American: TP) is a technology infrastructure company for the live entertainment industry in Latin America. Its proprietary, full-stack platform integrates ticketing, payments, access control and data analytics, and is offered through two models: a white-label SaaS model, through which partners run their own operations on Ticketplus technology, and a full operations model. The Company has active markets in 11 countries: Argentina, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Mexico, Paraguay, Peru, the United States and Uruguay. For more information, please visit the Ticketplus investor relations website at investors.ticketplus.com. Forward-Looking StatementsRead the full story here

Ticketplus Reports Third Quarter 2026 Results with Quarterly Revenue Up 90.3% and Initiates Full-Year 2026 Outlook

Inne wiadomości firmowe