Kustom revenue rises 57% to $2.7 million
Key points
- Kustom Entertainment reported third-quarter 2026 revenue from continuing operations of $2.7 million, up 57% year-over-year.
- Net income attributable to common stockholders reached $2.35 million, compared with a $1.02 million loss a year earlier, reflecting income from discontinued operations.
- Shareholders approved the proposed TFL acquisition, with the transaction deadline extended to December 18, 2026, as financing remains unfinished.
Kustom Entertainment (NASDAQ:KUST) reported third-quarter 2026 revenue from continuing operations of $2.7 million, up 57% year-over-year, while net income attributable to common stockholders reached $2.35 million.
The company recorded net income of $4.51 per share, reversing a loss of $1.02 million in the prior-year quarter, although continuing operations remained unprofitable.
Income from discontinued operations reached $5.02 million, reflecting the gain associated with the sale of its video solutions business to Cycurion, completed on August 3, 2026.
The continuing-operations loss widened to $2.67 million from $994,761, while cash increased to $1.72 million from $757,369 at December 31, 2025.
Shareholders approved the proposed acquisition of TFL on October 5, 2026, but the transaction's outside date was extended to December 18 as financing arrangements remain unfinished.
Kustom also plans to relocate its 2027 Country Stampede festival to Gilley's Park City, a venue with nearly twice the capacity of the previous location.
