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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Tivoli
Tivoli (TIV) investor relations material
Tivoli Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Q3 revenue rose 6% YoY to DKK 467.7m and EBITDA increased 4% to DKK 147.0m, with guest numbers flat at 1.36m.
9M revenue increased 6% to DKK 937.9m, while profit before tax declined to DKK 13.3m from DKK 34.6m as costs rose with investment and activity.
Financial highlights
Q3 net profit was DKK 88.8m versus DKK 86.3m; 9M net profit was DKK 8.8m versus DKK 26.8m.
9M EBITDA was DKK 108.6m versus DKK 123.2m; EBIT was DKK 19.5m versus DKK 39.9m.
9M operating cash flow was DKK 97.1m versus DKK 110.8m; total assets were DKK 1,884.0m at 30 September 2026.
Outlook and guidance
2026 expectations maintained at revenue of ~DKK 1,400m and profit before tax of DKK 145m.
Christmas in Tivoli opens 13 November and runs through 3 January 2027, supporting the final season of the year.
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Latest events from Tivoli
- Record revenue and EBITDA in 2023; 2024 guidance holds revenue and PBT flat.TIV
Q4 2023 - Revenue up 6% but higher costs drive larger H1 loss; full-year outlook unchanged.TIVQ2 2026
- Q1 2026 saw a 16% revenue increase but a planned net loss due to seasonal factors.TIVQ1 2026
- Revenue and profit dipped slightly, but full-year outlook is raised on strong seasonal prospects.TIVQ3 2025
- H1 2025 saw lower revenue and profit, but guidance and major investments remain on track.TIVQ2 2025
- Record summer drives 5% revenue growth and higher profits, with guidance unchanged.TIVQ3 2024
- Revenue up 9% and losses narrowed in H1 2024, with outlook and investments on track.TIVQ2 2024
- Record-breaking 2024 results with strong growth, major investments, and robust outlook.TIVQ4 2024
- Q1 revenue fell 23% year-over-year, but full-year outlook remains unchanged.TIVQ1 2025
Next Tivoli earnings date
Q4 202623 Mar, 2027
Tivoli
Next Tivoli earnings date
Q4 202623 Mar, 2027
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Frequently asked questions
Tivoli A/S is a Denmark-based company primarily known for operating the iconic Tivoli Gardens amusement park in Copenhagen. The company's diverse activities span across various sectors including online casino operations, food and beverage services through its numerous restaurants, and high-end hospitality services with the House of Nimb and Nimb Terrasse. Tivoli A/S also engages in real estate through its tenanted restaurants and generates revenue through entrance fees, sponsorship agreements, and events such as Friday Rock concerts, Garden orchestras, and Pantomime shows. Its operations further extend to administrative functions in IT, finance, marketing, human resources, as well as the operation and maintenance of the Gardens. Tivoli A/S is headquartered in Copenhagen, Denmark, and its shares are listed on the Copenhagen Stock Exchange.