Earnings ·
Reports Q3 revenue up 57% to $2.7M and net income of $2.3M as it completes transformation
KUSTKustom Entertainment, Inc.
Kustom Entertainment reported third-quarter revenue from continuing operations increased 57% to $2.7 million, driven by a 65% rise in service revenue on its TicketSmarter marketplace. Net income attributable to common stockholders reached $2.3 million, or $4.51 per share, compared with a net loss of $1.0 million in the prior-year period. The company completed the sale of its legacy video solutions business to Cycurion, Inc., resulting in total stockholders' equity more than tripling to $7.9 million and liabilities declining by $9.3 million. Additionally, shareholders approved the acquisition of TFL, LLC, with an extended closing date of December 18, 2026. Kustom Entertainment specializes in large-scale live music festival production, event management, and ticketing technology solutions.