Authentic Holdings, Inc. reported its financial results for the third quarter and the first nine months of 2025, revealing a revenue increase to $98,448 for the three months ended September 30, 2025, compared to $97,096 for the same period in 2024. For the nine months, revenue surged to $348,925, up from $164,668 in the prior year. Despite this growth, the company recorded a net loss of $57,619 for the third quarter, a significant improvement from a loss of $360,993 in the same quarter of 2024. However, the nine-month net loss widened to $1,081,757 from $512,854 year-over-year.
The company's balance sheet as of September 30, 2025, showed total assets of $10,931,460, a substantial increase from $4,491,703 at the end of 2024. This growth was primarily driven by the acquisition of the Goliath Motion Picture Promotions assets, valued at approximately $10.79 million, which the company plans to leverage for content distribution on its Maybacks Global Entertainment network. The acquisition is expected to enhance revenue streams beyond advertising, including video-on-demand services.
Operationally, Authentic Holdings has made significant strides, with Maybacks expanding its channel offerings from 26 to 42 channels over the past year. The company has also entered into various advertising agreements, which are anticipated to contribute to future revenue growth. However, the company faces challenges, including a working capital deficit of $6,284,026 and several promissory notes in default, raising concerns about its ability to continue as a going concern. The company is actively negotiating extensions and forbearance agreements with lenders.
In terms of employee metrics, Maybacks currently operates with three full-time employees and outsources logistics and broadcasting to a third-party provider. The company has also increased its general and administrative expenses significantly, reflecting higher salaries and royalties associated with the Maybacks acquisition. As of September 30, 2025, the company had accumulated deficits of $40,440,662, indicating ongoing financial challenges despite recent revenue growth.
Looking ahead, Authentic Holdings aims to capitalize on its recent acquisitions and partnerships to drive revenue growth. The company plans to launch its NFT platform and expand its vinyl record offerings, while also exploring additional revenue streams through pay-per-view events. However, the management acknowledges the need for additional capital to sustain operations and execute its business plan effectively, emphasizing the uncertainty surrounding its financial future.
About Authentic Holdings, Inc.
Authentic Holdings, Inc. operates as a multi-faceted media and merchandising company with subsidiaries focused on sports and music memorabilia, over-the-air and platform-driven television broadcasting, and film and television content licensing. Its key offerings include patented collectible apparel with blockchain authentication, a TV network with proprietary programming, and a licensed film library. The company targets entertainment consumers and collectors, leveraging intellectual property and digital platforms to monetize content and memorabilia.
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