Ticketplus Revenue Jumps 90.3% to $14.4 Million in Third Quarter
Key Facts
Ticketplus reported on October 28 that revenue reached $14.4 million in the third quarter ended September 30, 2026, up 90.3% year over year from $7.5 million in the same period of 2025. The company said in its results statement that quarterly revenue hit a record. Gross platform sales, which represent the value of sales processed through the platform before fees, refunds and commissions, rose 144.8% to about $177.5 million. Those sales were about $72.5 million in the third quarter last year. The results show growth in both revenue and the volume of transactions processed through the platform during the period.
Gross profit rose 116.1% to a record $7.0 million, the company said. Gross margin widened to 49.0%, from 43.1% in the third quarter of 2025, an increase of 590 basis points. That followed a gross margin of 49.0% in the first half of 2026, compared with 38.7% in the corresponding period, according to the first-half results. The company said then that the margin had increased 1,030 basis points year over year. It also reported net income of $4.1 million in the first half, up 151% from the prior year; the available third-quarter results statement did not give a net income figure for that quarter.
The expansion of the white-label model was a prominent feature of the business in the first nine months of 2026. Ticketplus said sales by partners using the model rose 218.0% year over year. Their share reached 57.7% of total platform sales, up from 42.0% in the corresponding period of 2025. On September 18, the company acquired Autoentrada, an Argentine ticketing company that had operated on the Ticketplus platform under a white-label model since 2019. Ticketplus said the acquisition turned the partnership into full company operations in Argentina.
The third-quarter announcement came after Ticketplus closed its initial public offering on the NYSE American on August 10, 2026. The offering and partial exercise of the over-allotment option generated net proceeds of about $15.5 million before other offering expenses. In fiscal 2025, revenue was $29.5 million, compared with $18.0 million in 2024, an increase of 64.0%. The company had reported in its first-half results that platform sales rose about 124% to nearly $280.3 million. That figure exceeded total platform sales of $268.9 million in fiscal 2025.
Ticketplus raised its fiscal 2026 revenue outlook to a range of $51 million to $53 million. The company issued the outlook alongside its third-quarter results, setting an annual target after revenue growth during the period. TP shares closed at $8.50 on October 27, the eve of the results announcement. The company had scheduled an investor call for October 28 at 11:00 a.m. Eastern time, after the results were released at 8:30 a.m. Eastern time. The available information included no other numerical details about the fiscal-year outlook.