Ticketplus Reports Results for the Six Months Ended June 30, 2026
Ticketplus Ltd. (“Ticketplus” or the “Company”) (NYSE American: TP), a technology company that operates a proprietary, full-stack technology platform powering live entertainment across Latin A...
- Revenue increased 68% year-over-year to $22.8 million, with revenue growth accelerating to 81% year-over-year in the second quarter
- Net profit increased 151% year-over-year to $4.1 million
- EBITDA increased approximately 109% year-over-year to $9.6 million, with an EBITDA margin of 42.1%
- Cash flow from operations increased 30% year-over-year to $8.2 million
- Total platform sales increased approximately 124% year-over-year to approximately $280.3 million
SANTIAGO, Chile & NEW YORK: Ticketplus Ltd. (“Ticketplus” or the “Company”) (NYSE American: TP), a technology company that operates a proprietary, full-stack technology platform powering live entertainment across Latin America, today announced its financial results for the six months ended June 30, 2026.
“Following our initial public offering in August, we believe we are entering an exciting new chapter for Ticketplus, with the capital and resources to accelerate our growth strategy and capitalize on the significant opportunities ahead,” said Chien-Fu Chen, CEO of Ticketplus. “In the first six months of 2026, we sold more through our platform than in all of 2025, grew net profit 151% compared with the first six months of 2025 and generated $8.2 million in cash flow from operations. We believe this combination of rapid growth, expanding margins and operating cash generation demonstrates the scalability of our technology platform and the strength of our business model. Looking ahead, we anticipate significant opportunities to: expand our revenue funnel by entering new geographies and reaching new customers through our white-label ticketing solution; increase revenue and margin per customer across our existing customer base by adding capabilities that enhance their event management operations; and innovate to strengthen our technology and service leadership across Latin America and beyond.”
Financial Highlights for the First Half of 2026 and Subsequent Events
- Revenue grew 68% year-over-year to $22.8 million for the six months ended June 30, 2026
- Revenue growth accelerated during the period to 81% year-over-year in the three months ended June 30, 2026, reflecting continued growth in ticketing and platform transaction volumes across the Company’s 11-country footprint
- Gross profit margin expanded 1,030 basis points year-over-year to 49.0% for the six months ended June 30, 2026, from 38.7% for the six months ended June 30, 2025
- Net profit grew 151% year-over-year to $4.1 million, with net profit margin expanding to 18.0%, from 12.0% in the prior-year period
- EBITDA grew approximately 109% year-over-year to $9.6 million, with an EBITDA margin expanding to 42.1%, from 33.9% in the prior-year period
- Cash flow from operations increased 30% year-over-year to $8.2 million
- Cash and cash equivalents of $3.8 million as of June 30, 2026, not including the initial public offering net proceeds received in August 2026
- Total platform sales grew approximately 124% year-over-year to approximately $280.3 million, exceeding total platform sales of $268.9 million for the full year 2025
- Ticketplus completed its initial public offering on the NYSE American exchange, which closed on August 10, 2026; the offering, together with the partial exercise of the underwriters’ over-allotment option, generated aggregate net proceeds of approximately $15.5 million, after deducting underwriting discounts and commissions, and non-accountable expense allowance, before other offering expenses payable by the Company
The Company’s unaudited interim consolidated financial statements for the six months ended June 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.
About Ticketplus
Ticketplus is a technology company founded in 2014 with operating headquarters in Santiago, Chile. The Company operates a proprietary, full-stack technology platform powering live entertainment across Latin America, with a footprint in eleven countries: Argentina, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Mexico, Paraguay, Peru, the United States, and Uruguay. Ticketplus operates under a dual business model: direct operations in Chile, its home market, and a SaaS model in the remaining countries of the region, where its platform is licensed to local ticketing companies, venues, and promoters that operate under their own brands. For more information, please visit the Ticketplus investor relations website at https://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, 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. 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.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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 and EBITDA margin. 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.
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.
Total Platform Sales and Other Operating Metrics
Total Platform Sales (GMV) for the six months ended June 30, 2026 was approximately $280.3 million, compared to approximately $125.3 million for the six months ended June 30, 2025, an increase of approximately 124%. GMV is derived directly from the transactional system of the Company’s technology platform. Total Platform Sales for the first half of 2026 exceeded Total Platform Sales for the full year 2025 of approximately $268.9 million. GMV grew faster than revenue, reflecting the higher mix of software-based deployments, which contributed to the increase in gross profit margin from 38.7% to 49.0%.
TICKETPLUS LTD. Consolidated Statements of Financial Position | ||||||||
|
| As of |
|
| As of |
| ||
|
| $ |
|
| $ |
| ||
ASSETS |
|
|
|
|
|
| ||
Current assets |
|
|
|
|
|
| ||
Cash and cash equivalents |
|
| 3,847,174 |
|
|
| 3,980,838 |
|
Trade and other receivables |
|
| 9,382,389 |
|
|
| 9,220,336 |
|
Inventory |
|
| 59,324 |
|
|
| 60,310 |
|
Current tax assets |
|
| 349,234 |
|
|
| 550,256 |
|
Total current assets |
|
| 13,638,121 |
|
|
| 13,811,740 |
|
|
|
|
|
|
|
|
|
|
Non-current assets |
|
|
|
|
|
|
|
|
Intangible assets other than goodwill |
|
| 22,699,474 |
|
|
| 15,925,873 |
|
Property, plant, and equipment |
|
| 247,538 |
|
|
| 191,405 |
|
Deferred tax assets |
|
| 649,852 |
|
|
| 704,895 |
|
Total non-current assets |
|
| 23,596,864 |
|
|
| 16,822,173 |
|
Total assets |
|
| 37,234,985 |
|
|
| 30,633,913 |
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS’ EQUITY |
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
Other current financing liabilities |
|
| 1,758,809 |
|
|
| 2,743,145 |
|
Trade and other payables - third parties |
|
| 5,591,540 |
|
|
| 5,097,824 |
|
Trade and other payables - related parties |
|
| 2,954,490 |
|
|
| 3,203,029 |
|
Current payables to related parties |
|
| 202,169 |
|
|
| - |
|
Current provision for employee benefits |
|
| 127,673 |
|
|
| 197,366 |
|
Provision for income taxes |
|
| 1,749,121 |
|
|
| 737,096 |
|
Current income tax payable |
|
| - |
|
|
| 19,045 |
|
Total current liabilities |
|
| 12,383,802 |
|
|
| 11,997,505 |
|
|
|
|
|
|
|
|
|
|
Non-current liabilities |
|
|
|
|
|
|
|
|
Other non-current financing liabilities |
|
| 12,955,800 |
|
|
| 10,437,280 |
|
Non-current payables to related parties |
|
| 2,510,696 |
|
|
| 2,552,433 |
|
Total non-current liabilities |
|
| 15,466,496 |
|
|
| 12,989,713 |
|
Total liabilities |
|
| 27,850,298 |
|
|
| 24,987,218 |
|
|
|
|
|
|
|
|
|
|
Shareholders’ equity |
|
|
|
|
|
|
|
|
Ordinary shares of par value of $0.0001 each; 300,000,000 shares authorized, 10,189,525 shares issued and outstanding as of June 30, 2026 |
|
| 35,000 |
|
|
| - |
|
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 |
|
Accumulated other comprehensive income (loss) |
|
| (112,901 | ) |
|
| 109,137 |
|
Accumulated earnings |
|
| 6,203,939 |
|
|
| 2,243,909 |
|
Total shareholders’ equity |
|
| 9,384,687 |
|
|
| 5,646,695 |
|
Total liabilities and shareholders’ equity |
|
| 37,234,985 |
|
|
| 30,633,913 |
|
TICKETPLUS LTD. Unaudited Consolidated Statements of Profit or Loss | ||||||||||||||||
|
| Three months |
|
| Three months |
|
| Six months |
|
| Six months |
| ||||
|
| $ |
|
| $ |
|
| $ |
|
| $ |
| ||||
Revenue from ordinary activities |
|
| 12,610,867 |
|
|
| 6,975,493 |
|
|
| 22,817,405 |
|
|
| 13,579,219 |
|
Cost of revenue |
|
| (6,771,647 | ) |
|
| (4,280,248 | ) |
|
| (11,629,502 | ) |
|
| (8,325,592 | ) |
Gross profit |
|
| 5,839,220 |
|
|
| 2,695,245 |
|
|
| 11,187,903 |
|
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