KUSTOM ENTERTAINMENT, INC. ANNOUNCES THIRD QUARTER OPERATING RESULTS
Key Highlights
- ➤Q3 continuing-operations revenue rose 57% to $2.7 million
- ➤Net income reached $2.35 million, or $4.51 per diluted share
- ➤Stockholders’ equity more than tripled to $7.85 million
- ➤Total liabilities declined $9.3 million to $7.7 million
- ➤TFL acquisition financing deadline extended to December 18, 2026
Expert Statements
Stanton E. Ross, Chief Executive Officer of Kustom Entertainment, Inc.
“The third quarter was our first full quarter operating exclusively as a live entertainment and ticketing company, and the results show the strength of the business we have built”
Stanton E. Ross, Chief Executive Officer of Kustom Entertainment, Inc.
“A 57% revenue expansion in continuing operations, driven by surging TicketSmarter transaction volume and our 30th anniversary Country Stampede festival.”
Stanton E. Ross, Chief Executive Officer of Kustom Entertainment, Inc.
“We deliberately invested ahead of that growth in customer acquisition and marketing, and we expect those investments to translate into expanding margins as the platform scales.”
Stanton E. Ross, Chief Executive Officer of Kustom Entertainment, Inc.
“With the sale of the video solutions business to Cycurion completed in August, following the sale of Nobility Healthcare at the start of the year, we have eliminated the overhead and working capital demands of our legacy operations.”
Stanton E. Ross, Chief Executive Officer of Kustom Entertainment, Inc.
“We emerged with a far stronger and cleaner balance sheet: Total liabilities are down over $9 million since year end, stockholders’ equity has more than tripled to $7.9 million, and the Cycurion note and preferred stock give us yield-bearing assets in place of legacy overhead”
Stanton E. Ross, Chief Executive Officer of Kustom Entertainment, Inc.
“Looking ahead, we are excited about the opportunity in front of us.”
Stanton E. Ross, Chief Executive Officer of Kustom Entertainment, Inc.
“Acquiring TFL will bring a ticketing technology and inventory distribution business of substantial scale into Kustom.”
Stanton E. Ross, Chief Executive Officer of Kustom Entertainment, Inc.
“I want to thank our employees, partners, directors and stockholders for their support through this transformation, and I look forward to reporting on our continued progress”
REVENUE UP 57%, NET INCOME REACHES $2.3 MILLION AND STOCKHOLDERS’ EQUITY MORE THAN TRIPLED SINCE YEAR END 2025 AS THE COMPANY CONTINUES ITS TRANSFORMATION INTO A PURE-PLAY LIVE ENTERTAINMENT AND TICKETING COMPANY
Olathe, KS, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Kustom Entertainment, Inc. (NASDAQ: KUST) (the “Company”), a live event production and ticketing technology company, today announced that it has filed its Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2026 with the SEC.
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