Ticketplus (TP) Registration filing summary

Company overview and business model

• Operates a proprietary, full-stack event platform for live entertainment across Latin America, integrating ticketing, access control, payments, analytics, and post-event insights.

• Employs a dual business model: full operation (end-to-end ticketing and event services) in Chile and white-label SaaS licensing in 10 other countries.

• Platform is built in-house, cloud-native, and designed for scalability, reliability, and adaptability to local market needs.

• Focuses on fragmented Latin American markets, leveraging local expertise and technology to drive consolidation and expansion.

• Serves over 2,800 promoters and venues, processing more than 10.2 million tickets across 39,800+ events in 2025.

Financial performance and metrics

• Revenue grew 64% year-over-year to $29.5M in 2025, with gross profit of $12.5M and net profit of $2.2M.

• Full operation model accounted for 94.3% of 2025 revenue, with a blended take rate of 17.3% of GMV; white-label SaaS averaged a 1.63% take rate.

• EBITDA margin expanded to 44.6% in Q1 2026, up from 33.8% in Q1 2025, reflecting operating leverage.

• Cash and cash equivalents were $4.0M at year-end 2025; outstanding bank loans totaled $13.2M.

• Retention rates for promoters and venues exceed 95%, with Net Promoter Scores of +58 (buyers) and +59 (promoters).

Use of proceeds and capital allocation

• Plans to use IPO net proceeds (~$22.3M) for platform development (25%), international expansion and acquisitions (40%), sales and marketing (20%), and working capital (15%).

• No specific acquisition targets identified; M&A strategy focuses on acquiring existing white-label partners to reduce integration risk.