Flash Sports & Media Holdings Reports Preliminary Unaudited Third Quarter Revenue of Approximately $6.2 Million, Driven by Lanka Premier League 2026 Season
Key Highlights
- ➤Q3 2026 preliminary revenue approximately $6.2 million, versus Q2 revenue of $44,318
- ➤Approximately $3.4 million in LPL fees recognized from contract liabilities
- ➤Flash Sports plans Malaysia T20 and Zimbabwe T20 league expansion
- ➤Flash Sports agreed to sponsor Switzerland’s men’s national cricket team
- ➤Company targets profitability in 2027, without assurance it will achieve it
Expert Statements
Bradley Nattrass, Chief Executive Officer of Flash Sports & Media Holdings, Inc.
“The first nine months of 2026 transformed Flash Sports into a multinational, cricket-focused sports and media company seeking to develop and commercialize cricket media, league management, sponsorship, and related sports-entertainment opportunities.”
Bradley Nattrass, Chief Executive Officer of Flash Sports & Media Holdings, Inc.
“With growing revenue and an expanded market presence, we believe we have built a strong foundation for growth and progressed toward our goal of profitability, which we are targeting for 2027, although there can be no assurance we will achieve it.”
Bradley Nattrass, Chief Executive Officer of Flash Sports & Media Holdings, Inc.
“We have invested in the infrastructure our leagues need, including relationships with local sports authorities and players, which we believe gives us an opportunity to improve operating performance as revenue grows.”
Bradley Nattrass, Chief Executive Officer of Flash Sports & Media Holdings, Inc.
“For the remainder of 2026 and 2027, our priorities are accelerating revenue growth, expanding into additional leagues, pursuing acquisitions, and improving operating performance.”
Bradley Nattrass, Chief Executive Officer of Flash Sports & Media Holdings, Inc.
“We believe these initiatives position us to grow revenue over time, although we expect revenue to fluctuate quarterly with the timing of league seasons.”
Bradley Nattrass, Chief Executive Officer of Flash Sports & Media Holdings, Inc.
“Beyond sports management, we have expanded into live sports broadcasting and team management and intend to pursue acquisitions of similar leagues worldwide, subject to identifying suitable targets, negotiating definitive agreements, and obtaining financing.”
Bradley Nattrass, Chief Executive Officer of Flash Sports & Media Holdings, Inc.
“Our next phase depends on turning these achievements into sustained revenue growth, improved financial performance, and ultimately profitability.”
Bradley Nattrass, Chief Executive Officer of Flash Sports & Media Holdings, Inc.
“Meaningful work remains, but we are encouraged by our progress and remain focused on disciplined execution, responsible capital allocation, and building a sustainable company capable of delivering long-term shareholder value.”
New York, New York--(Newsfile Corp. - October 26, 2026) - Flash Sports & Media Holdings, Inc. (OTCID: FLZH) ("Flash Sports" or the "Company"), a cricket-focused sports and media company, today announced preliminary, unaudited third-quarter 2026 revenue and provided a business update.
Key Financial and Strategic Highlights * Third-quarter revenue: Approximately $6.2 million (preliminary, unaudited), compared with second-quarter 2026 revenue from continuing operations of $44,318, before the Lanka Premier League (LPL) season began. * League expansion: Announced plans to establish Malaysia T20 and Zimbabwe T20 leagues alongside the LPL. * National team sponsorship: Agreed to become Official Title Sponsor of the Switzerland men's national cricket team.
Get started
Create a free account to read the full story.