Kustom Entertainment Q3 revenue up 57% to $2.7 million; continuing loss widens
Kustom Entertainment reported third-quarter 2026 revenue from continuing operations up 57% to $2.7 million, but a loss from continuing operations of $2,670,888 widened from $994,761 a year earlier. Net income of $2,346,315 was driven by a $5,017,203 gain from discontinued operations tied to the sale of its legacy video solutions business to Cycurion, Inc. For shareholders, the results show revenue growth alongside a larger operating loss, and the pending $TFL acquisition's closing depends on financing and an extended outside date of December 18, 2026.
Key points
- Service revenue grew 65% to $2.1 million, driven mainly by transaction volume on the TicketSmarter marketplace.
- Loss from continuing operations was $2,670,888, or $(5.13) per share, versus $(994,761), or $(86.38) per share, a year earlier; about $625,000 of the increase was non-cash expense.
- Net income attributable to common stockholders was $2,346,315, or $4.51 per basic and diluted share, after $5,017,203 of income from discontinued operations.
- Stockholders approved the TFL, LLC acquisition on October 5, 2026; the purchase agreement's outside date was extended to December 18, 2026.
The filing
Written by AI on Nov 10, 2026, 7:39 AM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.