GlobeNewswire·Nov 10, 2026, 7:15 AM ET

KUSTOM ENTERTAINMENT, INC. ANNOUNCES THIRD QUARTER OPERATING RESULTS

KUST

Kustom Entertainment, Inc. filed its Form 10-Q for the three & nine months ended September 30, 2026, marking its first quarter as a pure-play live entertainment & ticketing company.
Total revenue from continuing operations rose 57% to $2.7 million, compared to $1.7 million in the third quarter of 2025.
Service revenue grew 65% to $2.1 million, driven by higher transaction volume on the TicketSmarter marketplace.
Product revenue increased 32% to $575,067 due to higher ticket inventory sales.
Net income attributable to common stockholders reached $2.346 million, or $4.51 per share, a significant shift from the $1.022 million net loss in the prior-year period.
Income from discontinued operations totaled $5.017 million, reflecting the net gain from the August 3, 2026 sale of the legacy video solutions business to Cycurion, Inc.
Loss from continuing operations was $2.671 million, or $(5.13) per share, with approximately $625,000 of the increase attributed to non-cash expenses for consulting & acquisition costs.
Stockholders' equity more than tripled to $7.853 million as of September 30, 2026, up from $2.370 million at year-end 2025.
Total liabilities declined by $9.3 million to $7.7 million, while cash & cash equivalents increased to $1.716 million.
The company holds a $4.25 million secured promissory note & $600,000 in 12% Cumulative Series H preferred stock from Cycurion as part of the divestiture.
Stockholders approved the proposed acquisition of TFL, LLC, on October 5, 2026, with the purchase agreement extended to December 18, 2026.
The 2027 Country Stampede Music Festival will relocate to Gilley's Park City near Wichita, Kansas, offering nearly double the venue capacity.

Company: Kustom Entertainment, Inc.
Keywords: Nasdaq:KUST, Kustom Entertainment, Inc., Kustom Entertainment, Inc., NASDAQ: KUST, THIRD QUARTER OPERATING RESULT, live event production, ticketing technology, Cycurion