Business
TEN Holdings Reports First Quarter 2026 Financial Results
TEN Holdings, Inc. (Nasdaq: XHLD) through its subsidiary, Ten Events, Inc., ("Ten Events" or the "Company"), a provider of event planning, production, and broadcasting services, today announced its financial results for the quarter ended March 31, 2026.
About this update from Ten Holdings, Inc.
[{"type":"text","content":"LANGHORNE, Pa., May 15, 2026 /PRNewswire/ -- TEN Holdings, Inc. (Nasdaq: XHLD) through its subsidiary, Ten Events, Inc., ("Ten Events" or the "Company"), a provider of event planning, production, and broadcasting services, today announced its financial results for the quarter ended March 31, 2026.","length":323,"tagName":"p"},{"type":"image","alt":"Company Logo (PRNewsfoto/TEN Holdings, Inc.)","displaySize":"","headline":null,"caption":"Company Logo (PRNewsfoto/TEN Holdings, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":107,"url":"https://media.zenfs.com/en/prnewswire.com/e776daa8943d78787761b08d041a98a8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/pNaVwR427PVXeVtDKVKQ5g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE4OQ--/https://media.zenfs.com/en/prnewswire.com/e776daa8943d78787761b08d041a98a8","width":400,"height":107},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/1ZO.SgiDlTHTCVSAHnOXEg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTE3MQ--/https://media.zenfs.com/en/prnewswire.com/e776daa8943d78787761b08d041a98a8","width":400,"height":107}},"href":"https://mma.prnewswire.com/media/2653228/TEN_Holdings_Logo_01.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Management Commentary","length":21,"tagName":"p"},{"type":"text","content":""We are pleased with the 15% top line revenue growth the Company reported for the first three months of 2026," said Virgilio Torres, Chief Executive Officer of TEN Holdings. "This increase demonstrates that the investments we made in the business last year to create a stronger foundation for successful operations, platforms, and strategic acquisitions started to produce positive sales growth results.","length":418,"tagName":"p"},{"type":"text","content":""Our 37.6% reduction of our quarterly net loss is a direct result of these improved operations, which allowed us to slash SG&A expenses by nearly a third over first quarter of 2025.","length":190,"tagName":"p"},{"type":"text","content":""During the first quarter of 2026, we also completed a key SOC 2 examination for Broadcast Media Production and Distribution Services Systems. This achievement will help support our provision of high-stakes corporate events including town halls, investor days, executive communications, and regulated b...