Ticketplus Reports Third Quarter 2026 Results with Quarterly Revenue Up 90.3% and Initiates Full-Year 2026 Outlook
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
Nine Months 2026 Financial Highlights
2026 Outlook
For the full year 2026, Ticketplus expects:
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.
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
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 Statements
This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of U.S. federal securities laws. Such forward-looking statements relate to future events or our future performance, including our financial performance and projections, our full-year 2026 outlook, revenue and earnings growth, and business prospects and opportunities. You can identify forward-looking statements by those that are not historical facts and by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” and “proposes.” These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond the Company’s control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Factors that could cause actual results to differ from the Company’s full-year 2026 outlook include, among others, changes in foreign currency exchange rates, macroeconomic, inflationary and currency conditions in Latin America, including hyperinflation in Argentina, the integration of Autoentrada, the timing, number and size of live events, the timing of the launch of new markets, and the volume processed by the Company’s white-label partners. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made in the risk factors section of the Company’s reports and other documents that we file with the SEC. The Company does not undertake any duty to update any forward-looking statements except as may be required by law.
Use of Non-IFRS Financial Information
In addition to disclosing financial results calculated in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board, this press release contains non-IFRS financial measures, which Ticketplus believes provide useful supplemental information regarding the operating and financial performance of its business. This press release includes EBITDA, EBITDA margin, Adjusted EBITDA, Adjusted EBITDA margin, adjusted net profit and adjusted basic and diluted earnings per share. The Company defines EBITDA as earnings before financial costs (net of financial income), income tax expense and depreciation and amortization, and EBITDA margin as EBITDA as a percentage of revenue from ordinary activities. The Company defines Adjusted EBITDA as EBITDA excluding (i) the share-based payment expense for the ordinary shares issued for services upon the completion of the initial public offering, (ii) costs related to the initial public offering that were recognized in profit or loss, and (iii) for the three months ended September 30, 2026, the credit from the reclassification to equity of offering costs that had been recognized in profit or loss in the six months ended June 30, 2026, and Adjusted EBITDA margin as Adjusted EBITDA as a percentage of revenue from ordinary activities. The Company defines adjusted net profit as results from continuing operations excluding the same items excluded from Adjusted EBITDA, net of their income tax effect, and adjusted basic and diluted earnings per share as adjusted net profit divided by the weighted average number of ordinary shares outstanding. The share-based payment expense and the offering costs in items (i) and (ii) were recognized by Ticketplus Ltd., a Cayman Islands company, and have no income tax effect; the income tax effect of item (iii) was calculated at the 27% statutory corporate income tax rate applicable to the subsidiary that recognized the credit. Adjusted EBITDA, adjusted net profit and adjusted earnings per share do not exclude share-based payment expense for restricted share units or the ongoing costs of operating as a public company.
Management believes the non-IFRS financial measures provided assist investors in understanding and assessing Ticketplus’s operating performance by providing additional information regarding the Company’s results from period to period. These non-IFRS financial measures are not required by, or presented in accordance with, IFRS, should not be considered an alternative to results from continuing operations or any other performance measure derived in accordance with IFRS, or as an alternative to cash flows from operating activities or a measure of the Company’s liquidity or profitability, and may not be comparable to similarly titled measures used by other companies. Furthermore, these non-IFRS financial measures have certain limitations in that they do not include the impact of certain expenses that are reflected in the Company’s consolidated financial statements that are necessary to run its business. Ticketplus compensates for these limitations by providing a reconciliation of these non-IFRS financial measures to the related IFRS financial measures, as shown in the tables below.
TICKETPLUS LTD.
Consolidated Statements of Financial Position
As of September 30, 2026 (unaudited)
As of December 31, 2025 (audited)
$
$
ASSETS
Current assets
Cash and cash equivalents
17,008,486
3,980,838
Trade and other receivables
9,696,293
9,220,336
Inventory
62,106
60,310
Current tax assets
658,487
550,256
Total current assets
27,425,372
13,811,740
Non-current assets
Intangible assets
23,794,240
15,925,873
Property, plant, and equipment
294,222
191,405
Deferred tax assets
269,480
704,895
Total non-current assets
24,357,942
16,822,173
Total assets
51,783,314
30,633,913
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Other current financing liabilities
3,692,531
2,743,145
Trade and other payables - third parties
6,084,244
5,097,824
Trade and other payables - related parties
1,635,722
3,203,029
Current payables to related parties
3,564
—
Current provision for employee benefits
175,681
197,366
Provision for income taxes
2,238,214
737,096
Current income tax payable
—
19,045
Total current liabilities
13,829,956
11,997,505
Non-current liabilities
Other non-current financing liabilities
9,408,365
10,437,280
Non-current payables to related parties
2,380,618
2,552,433
Total non-current liabilities
11,788,983
12,989,713
Total liabilities
25,618,939
24,987,218
Shareholders' equity
Ordinary shares of par value of $0.0001 each; 300,000,000 shares authorized, 12,779,417 shares issued and outstanding as of September 30, 2026
16,003,266
—
Class A ordinary shares of par value of $0.0001 each; 250,000,000 shares authorized, 189,525 shares issued and outstanding as of December 31, 2025
—
5,000
Class B ordinary shares of par value of $0.0001 each; 50,000,000 shares authorized, 10,000,000 shares issued and outstanding as of December 31, 2025
—
30,000
Other reserves
3,258,649
3,258,649
Share-based payment reserve
92,666
—
Accumulated other comprehensive income (loss)
(1,030,624
)
109,137
Accumulated earnings
7,840,418
2,243,909
Total shareholders' equity
26,164,375
5,646,695
Total liabilities and shareholders' equity
51,783,314
30,633,913
TICKETPLUS LTD.
Unaudited Consolidated Statements of Profit or Loss
Three months ended September 30, 2026
Three months ended September 30, 2025
Nine months ended September 30, 2026
Nine months ended September 30, 2025
$
$
$
$
Revenue from ordinary activities
14,354,379
7,544,545
37,257,202
21,126,147
Cost of revenue
(7,326,829
)
(4,292,337
)
(18,999,363
)
(12,618,401
)
Gross profit
7,027,550
3,252,208
18,257,839
8,507,746
Administrative expenses
(3,881,394
)
(2,764,979
)
(8,349,018
)
(5,503,615
)
Financial income
46,470
22,343
117,573
30,655
Financial costs
(564,748
)
(245,095
)
(1,640,583
)
(846,278
)
Exchange difference, net
(81
)
(44
)
(18,352
)
(4,567
)
Income before tax
2,627,797
264,433
8,367,459
2,183,941
Income tax expense
(1,025,288
)
(39,309
)
(2,635,265
)
(324,652
)
Results from continuing operations
1,602,509
225,124
5,732,194
1,859,289
Comprehensive income:
Results from continuing operations
1,602,509
225,124
5,732,194
1,859,289
Other comprehensive income (loss)
(917,723
)
(108,435
)
(1,139,761
)
163,571
Total comprehensive income
684,786
116,689
4,592,433
2,022,860
Basic and diluted weighted average ordinary shares outstanding
11,647,231
10,189,525
10,680,767
10,189,525
Basic and diluted earnings per ordinary share
0.14
0.02
0.54
0.18
TICKETPLUS LTD.
Unaudited Consolidated Statements of Cash Flows
Nine months ended September 30, 2026
Nine months ended September 30, 2025
$
$
Cash flows from operating activities
Income for the period
5,732,194
1,859,289
Charges (credits) to profit or loss that do not involve cash flow:
Depreciation and amortization expenses
4,854,070
4,545,030
Income tax expenses
2,635,265
324,652
Share-based payments
1,323,434
—
Provisions for benefits to employees
(39,705
)
(136,815
)
Other
(44,837
)
6,677
(Increase) decrease in assets affecting cash flow:
(Increase) decrease in trade and other receivables
(1,318,032
)
(6,222,689
)
(Increase) decrease in inventory
(6,206
)
—
(Increase) decrease in current tax assets
(30,099
)
99,541
Increase (decrease) in liabilities affecting cash flow:
Increase (decrease) in trade and other payables
(713,499
)
7,742,343
Increase (decrease) in provision for income taxes
(587,399
)
(285,226
)
Net cash provided by (used in) operating activities
11,805,186
7,932,802
Cash flows from investing activities:
Purchase of intangibles
(14,084,354
)
(8,080,956
)
Purchase of property, plant and equipment
(120,157
)
(30,917
)
Acquisition of subsidiary, net of cash acquired
371,699
—
Net cash provided by (used in) investing activities
(13,832,812
)
(8,111,873
)
Cash flows from financing activities:
Proceeds from (repayments to) financial institutions, net
892,519
4,059,025
Payment for the redemption of the 55% membership interest in Ticketplus LLC
(200,000
)
—
Proceeds from (repayments of) related party loans, net
—
(257,894
)
Proceeds from issuance of ordinary shares, net of issuance costs paid
14,737,498
—
Net cash provided by (used in) financing activities
15,430,017
3,801,131
Net increase (decrease) in cash and cash equivalents
13,402,391
3,622,060
Effect of exchange rate changes on cash and cash equivalents
(374,743
)
(34,901
)
Cash and cash equivalents, beginning of period
3,980,838
2,000,866
Cash and cash equivalents, end of period
17,008,486
5,588,025
Supplemental disclosure of cash flow information:
Interest and financing costs paid
$
1,591,798
$
825,208
Income taxes paid
$
600,193
$
307,376
TICKETPLUS LTD.
Summary of Results (unaudited)
Three months ended September 30, 2026
Three months ended September 30, 2025
Nine months ended September 30, 2026
Nine months ended September 30, 2025
$
$
$
$
Total Platform Sales (GMV)(1)
177,534,374
72,526,551
457,845,097
197,793,903
Revenue from ordinary activities
14,354,379
7,544,545
37,257,202
21,126,147
Cost of revenue
(7,326,829
)
(4,292,337
)
(18,999,363
)
(12,618,401
)
Gross profit
7,027,550
3,252,208
18,257,839
8,507,746
Gross profit margin(2)
49.0
%
43.1
%
49.0
%
40.3
%
Administrative expenses
(3,881,394
)
(2,764,979
)
(8,349,018
)
(5,503,615
)
Results from continuing operations
1,602,509
225,124
5,732,194
1,859,289
Results from continuing operations margin(3)
11.2
%
3.0
%
15.4
%
8.8
%
EBITDA(4)
4,990,162
2,939,608
14,744,539
7,544,594
EBITDA margin(4)
34.8
%
39.0
%
39.6
%
35.7
%
Adjusted EBITDA(4)
6,121,192
2,939,608
16,020,418
7,544,594
Adjusted EBITDA margin(4)
42.6
%
39.0
%
43.0
%
35.7
%
(1) Our key business metric is Total Platform Sales (GMV), which 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.
(2) Gross profit as a percentage of revenue from ordinary activities.
(3) Results from continuing operations as a percentage of revenue from ordinary activities.
(4) EBITDA, EBITDA margin, Adjusted EBITDA and Adjusted EBITDA margin are non-IFRS financial measures. See the reconciliation to results from continuing operations below.
TICKETPLUS LTD.
Reconciliation of Results from Continuing Operations to EBITDA and Adjusted EBITDA (unaudited)
Three months ended September 30, 2026
Three months ended September 30, 2025
Nine months ended September 30, 2026
Nine months ended September 30, 2025
$
$
$
$
Results from continuing operations
1,602,509
225,124
5,732,194
1,859,289
(+) Income tax expense
1,025,288
39,309
2,635,265
324,652
(+) Financial costs, net of financial income
518,278
222,752
1,523,010
815,623
(+) Depreciation and amortization
1,844,087
2,452,423
4,854,070
4,545,030
(=) EBITDA
4,990,162
2,939,608
14,744,539
7,544,594
(+) Share-based payment for ordinary shares issued for services upon the completion of the initial public offering
1,230,768
-
1,230,768
-
(+) Offering costs recognized in profit or loss
45,111
-
45,111
-
(-) Reclassification to equity of offering costs recognized in the six months ended June 30, 2026
(144,849
)
-
-
-
(=) Adjusted EBITDA
6,121,192
2,939,608
16,020,418
7,544,594
EBITDA margin
34.8
%
39.0
%
39.6
%
35.7
%
Adjusted EBITDA margin
42.6
%
39.0
%
43.0
%
35.7
%
TICKETPLUS LTD.
Reconciliation of Results from Continuing Operations to Adjusted Net Profit (unaudited)
Three months ended September 30, 2026
Three months ended September 30, 2025
Nine months ended September 30, 2026
Nine months ended September 30, 2025
$
$
$
$
Results from continuing operations
1,602,509
225,124
5,732,194
1,859,289
(+) Share-based payment for ordinary shares issued for services upon the completion of the initial public offering
1,230,768
-
1,230,768
-
(+) Offering costs recognized in profit or loss
45,111
-
45,111
-
(-) Reclassification to equity of offering costs recognized in the six months ended June 30, 2026
(144,849
)
-
-
-
(+) Income tax effect of the adjustments
39,109
-
-
-
(=) Adjusted net profit
2,772,648
225,124
7,008,073
1,859,289
Basic and diluted weighted average ordinary shares outstanding
11,647,231
10,189,525
10,680,767
10,189,525
Basic and diluted earnings per ordinary share
0.14
0.02
0.54
0.18
Adjusted basic and diluted earnings per ordinary share
0.24
0.02
0.66
0.18