T4F Entretenimento S.A. reported earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company's net operating revenue was BRL 223,535,000 compared to BRL 103,658,000 a year ago. Operating profit before financial income was BRL 13,525,000 compared to BRL 8,948,000 a year ago. Operating profit before income tax and social contribution was BRL 7,247,000 compared to BRL 6,547,000 a year ago. Net result was BRL 3,167,000 compared to BRL 2,158,000 a year ago. EBITDA was BRL 16.6 million compared to BRL 11.8 million a year ago.

For the six months, the company's net operating revenue was BRL 557,523,000 compared to BRL 235,540,000 a year ago. Operating profit before financial income was BRL 35,546,000 compared to BRL 8,611,000 a year ago. Operating profit before income tax and social contribution was BRL 27,702,000 compared to loss of BRL 272,000 a year ago. Net result was BRL 13,630,000 compared to loss of BRL 162,000 a year ago. Cash used in operating activities was BRL 39,815,000 compared to cash generated by operating activities of BRL 38,048,000 a year ago. Purchase of property, plant and equipment and intangibles was BRL 1,086,000 compared to BRL 1,502,000 a year ago. EBITDA was BRL 41.5 million compared to BRL 14.2 million a year ago.

In March 11, 2016, the company released Material Fact to its shareholders and the market in general with the projections for 2016 fiscal year, as below: net revenue: growth of 50% compared to 2015; net profit: growth of 100% compared to 2015; and EBITDA growth of 60% compared to 2015. The company remain confident on the achievement of the guidance for net revenue and EBITDA based on the results obtained in first half 2016, on the sales already registered for the events of second half 2016 and on the good perspectives of artists hiring for first half 2017.