Family Entertainment Center Revenue: What Airtopia Shows

On October 22, 2026, Lelantos Holdings, Inc. (OTCID: LNTO), the parent company of Airtopia Adventure Parks, published nine-month operating results for its five family entertainment centers in California, Oklahoma and Texas. Combined park-level sales and receipts reached approximately $8.795 million through September, up 11.8% from $7.865 million in the same period of 2025.

The headline looks healthy. Underneath it sits a number that operators rarely get to see from a multi-site owner: sales at the three established parks fell 4.5% year to date, and every dollar of the portfolio’s gain came from two locations that opened in 2026.

Published operator data at this level of detail is rare. Most trampoline park and family entertainment center owners never see a competitor’s park-level figures, audited or otherwise, so any public dataset is worth reading carefully.

This article walks through what Lelantos disclosed, reconciles the numbers against its earlier releases, and shows how a single-park owner can apply the same arithmetic to their own operation. One caveat before anything else: every figure in the release is preliminary, unaudited and management-prepared. Section 5 covers exactly what that means.

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1. What Lelantos Reported on October 22

The release went out through Newsfile Corp at 8:42 a.m. EDT on October 22, 2026. It covers the nine months ended September 30, 2026, and it reports a metric the company calls “park-level sales and receipts” — not audited revenue. The release also states that the year-to-date total includes membership sales collected before the new parks opened.

The corporate context matters for reading these numbers correctly. Lelantos acquired Airtopia Adventure Parks on July 6, 2026, so the 2026 figures blend an acquired operating business with a newly public parent. The two newest locations are a ground-up conversion of a former cinema in Tahlequah, Oklahoma, and a park in McAlester, Oklahoma, which opened on June 13, 2026.

Terminology check: “Sales and receipts” is the company’s own label, and it is broader than revenue as an accountant would define it. Treat it as a cash-collection proxy, not a profit figure and not audited revenue.

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2. The Quarterly Trajectory, Quarter by Quarter

The October 22 release also breaks the nine months into quarters, which lets you see the shape of the year rather than a single blended number. Both years’ quarters are shown below, exactly as reported.

Three readings are worth making. First, reported totals rose sequentially in every quarter of 2026, which is what you would expect when two new parks come online mid-year and add full quarters of operation. Second, the +21.7% jump in the third quarter is a portfolio-wide comparison, not a same-store one: 2025 had only three parks, so the 2026 quarter benefits from two additional locations. Third, the 2025 quarters are flat to slightly declining, which is consistent with the −4.5% same-store figure in the latest release.

There is also a seasonal signal hiding in the earlier disclosures. The September 17, 2026 acquisition report put Airtopia’s standalone full-year 2025 revenue at approximately $12.0 million. The nine months through September 2025 accounted for $7.865 million of that. The implied fourth quarter of 2025 was therefore roughly $4.1 million — about a third of the year’s total (derived from the two published figures, not stated by the company). For an indoor business, a heavy fourth quarter is plausible: school is back in session, the weather pushes families indoors, and the holidays concentrate party bookings. Owners planning their own cash flow should note that a soft spring does not necessarily predict a soft year.

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3. New Parks Carried All of the Growth

The most useful number in the release is the one that did not make its headline: a 4.5% year-to-date decline in reported sales at the three established parks. You can reconcile it from the disclosed figures, and the arithmetic closes cleanly.

Total 2026 YTD              ≈ $8.795 million
New parks contribution      − $1.286 million
Established parks 2026 YTD  ≈ $7.509 million
Established parks 2025 YTD  ≈ $7.865 million  (2025 had only these three parks)
Change                      ≈ −4.5%

The derivation above is ours, not the company’s, but it uses only figures from the October 22 release and it reproduces the stated −4.5% exactly. Dividing $7.509 million across three parks gives roughly $2.50 million per established park for nine months, or about $3.3 million on a simple nine-month annualized basis.

That magnitude cross-checks against the site-level disclosures in the September 17 acquisition report, which listed San Antonio at $4.89 million in 2025 revenue, Hemet at $3.98 million, and Owasso with full-year 2026 guidance of around $3.0 million. These are consistent orders of scale for established parks in secondary US markets: roughly $3 to $5 million a year each, on management’s own numbers.

The two new parks show the early shape of a ramp. Tahlequah, the first location built from scratch on the company’s operating model, generated approximately $309,735 through June 30, 2026, during its opening period, per the July 23 release in the company’s Building Airtopia series; full-year 2026 guidance sits at about $1.0 million. McAlester opened on June 13, 2026 and collected approximately $233,800 in cash during its first 30 days, alongside 448 active memberships, per the September 17 report.

The operator’s lesson: portfolio growth of +11.8% and same-store decline of −4.5% can coexist in the same release. Expansion is a strategy, not evidence that the core business is healthy — and the same-store line is the one that tells you which is true.

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4. Parties and Memberships: The Repeat-Visit Numbers

A week before the nine-month release, on October 15, 2026, the company published selected September operating metrics that show which levers management is pulling. The figures are narrow but unusually concrete.

Two derived ratios put those numbers in operational terms. Dividing 13,692 check-ins across 30 days gives an average of roughly 456 check-ins per day at the San Antonio park in September (derived, not disclosed). Dividing 216 party bookings across the same month gives about seven parties per day. For a single-park owner, those are useful magnitudes: a mature park in a secondary US market handling roughly 450 paid entries a day on average, with party bookings running at about seven per day.

One caution applies before drawing conclusions from the growth rates. September against August is a month-over-month comparison inside a seasonal ramp, so the +21% and +58% figures partly reflect ordinary autumn demand building toward the holiday peak. The year-over-year check-in figure of +6% at San Antonio is the cleaner signal, because it compares like months, and a 6% gain on a mature park is modest, healthy growth, not a boom.

The pattern across all three releases is consistent, though. Management repeatedly frames its operating priorities as party sales, repeat visitation and membership retention, and the two metrics it chose to disclose — party bookings and membership activations — are precisely the repeat-revenue engines. Admissions alone put a park on a treadmill: every day starts at zero. Parties and memberships put revenue on a schedule, and both respond to deliberate programming and promotion rather than foot traffic alone.

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5. What These Figures Are and What They Are Not

Before anyone copies these numbers into a business plan, the limits need the same prominence as the figures themselves. The company states them plainly, and they matter.

What they are Preliminary, unaudited, management-prepared operating figures, disclosed voluntarily by an OTCID-quoted company. They offer park-level visibility that the industry almost never publishes, which makes them genuinely valuable as directional data.

What they are not Audited revenue, profit, or a benchmark for valuing your own project. “Sales and receipts” includes pre-opening membership sales, and it is not a GAAP measure. No expense lines, staffing costs, rent or margins are disclosed, so nothing in these releases lets you estimate profitability. A park that collects $3 million and a park that earns $3 million are very different businesses.

What to watch The releases do not share a single consistent basis. The October 22 release reports $5.698 million of park-level sales and receipts through June 2026 (the sum of its first two quarters), while the September 17 acquisition report cites approximately $6.43 million in Airtopia standalone revenue for the same first half. The gap is roughly $0.73 million, and the company does not reconcile it; the two documents use different scopes and definitions. Read each release on its own terms and do not mix figures across them.

There is also corporate context an investor would weigh: the pre-acquisition parent carried a going-concern qualification in its financial statements, the company has engaged a PCAOB-registered auditor ahead of a planned move to the OTCQB tier, and the stock currently trades in the fraction-of-a-cent range. None of this invalidates the operating data, but it explains why every release carries the words “preliminary” and “unaudited.” For an owner building financial projections, the honest use of this dataset is calibration (a sense of realistic magnitude), not benchmarking against your own audited accounts. When you budget a park from scratch, start from your own market’s data and your own cost stack, as outlined in our guide to trampoline park investment costs.

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6. Ramp-Up Math You Can Apply to Your Own Park

The disclosures, for all their caveats, illustrate three pieces of arithmetic that any operator can run on their own numbers. None of them require data you do not already have.

1) Naive annualization
   Annualized revenue ≈ monthly average × 12

2) Seasonality-aware annualization
   Annualized revenue ≈ YTD revenue ÷ (YTD share of annual demand)
   (You need your market's seasonal curve; the Airtopia figures
    imply Q4 can carry roughly one third of annual demand.)

3) Ramp progress
   Ramp ratio ≈ month-n revenue ÷ mature-month revenue
   A new park is not "underperforming" until you know what
   its mature month looks like.

Applied to the published figures, the third formula is the instructive one. Tahlequah collected $309,735 through June 30, 2026, its opening period, against full-year 2026 guidance of about $1.0 million. The guidance therefore implies roughly $690,000 across the second half, more than doubling the opening-period run rate (derived from the company’s own figures). McAlester’s first 30 days produced about $7,800 per day of cash collections (derived: $233,800 ÷ 30). Neither number tells you the parks’ mature performance; both tell you that management expects a long ramp, and that expecting a new park to behave like a mature one in its first quarter is a planning error.

The membership figure deserves its own note. McAlester reported 448 active memberships within its first month, recurring revenue established before the park had a full quarter of trading. If your model treats memberships as a rounding error, look at how aggressively operators at every scale push them. A membership base also changes the shape of your occupancy cost math, because recurring revenue makes the fixed monthly rent easier to carry; our breakdown of trampoline park rent per square foot covers that fixed-cost side.

Finally, a warning about guidance. The $1.0 million Tahlequah figure and the approximately $15 million company-wide 2026 guidance are management’s projections, not results. In your own planning, separate what a business has collected from what it expects to collect, and discount the second category.

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7. What an Owner Should and Should Not Conclude

Reading a public dataset is only useful if it changes a decision. Here is the line we would draw after working through these releases.

Reasonable conclusions:

• Expansion can mask same-store decline. A portfolio can grow 11.8% while every established park shrinks 4.5%. If you operate one park and are tempted by a second, the first test is your own same-store trend over at least four quarters.
• The fourth quarter is heavy. The implied 2025 seasonality (roughly a third of annual revenue in Q4, derived from published figures) argues for opening and marketing calendars built around the indoor season, not against it.
• Repeat revenue is the disclosed priority. Party bookings and membership activations are the metrics this operator chose to publish, and the momentum it reported sits in both. Whatever your attraction mix, the scheduled-revenue lines deserve equal attention in the plan, alongside the marketing strategies that fill them.
• Magnitude calibration. Established parks in secondary US markets, on this operator’s numbers, run roughly $3–5 million a year each. That is a reference point, not a promise.

Conclusions to avoid:

• Extrapolating a park’s first month into a year. McAlester’s strong first 30 days and Tahlequah’s opening period are both partial-period figures that the companies themselves label as ramp-up data.
• Comparing unaudited receipts to your own audited revenue, or to any profit figure. These releases contain no cost data at all.
• Treating guidance as fact. Approximately $15 million for 2026 is a projection made by the seller of the growth story.

The underlying discipline generalizes beyond this company. Before any expansion, the sequence that protects you is the same one we apply to new builds: verify the numbers, verify the market, then verify the building. Equipment compliance comes down to documentation you can check, not claims on a quotation, so start from the safety standards page before signing anything. Physical feasibility comes first — floor loading, clear height, egress — because no revenue projection survives a building that cannot take the equipment, as our 22,000 sq ft (about 2,044 m²) park layout breakdown shows in practice.

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8. Summary and What to Do Next

Lelantos Holdings published a genuinely rare thing on October 22, 2026: park-level operating data from a multi-site family entertainment center owner, broken out by quarter, with the new-park contribution separated from the same-store trend. The headline was +11.8% growth to $8.795 million across five parks. The more instructive lines were the two beneath it: a $1.286 million contribution from two 2026 openings, and a 4.5% year-to-date decline at the three established parks. The September metrics added the mechanism: party bookings and membership activations are where this operator is working to build repeat revenue.

Every figure is preliminary, unaudited and management-prepared, and the releases do not share a consistent basis. Used carefully, the dataset calibrates magnitude and seasonality for owners planning their own projects. Used carelessly, it becomes a number in someone else’s spreadsheet with no provenance.

1. Audit your own same-store trend. Pull four quarters of revenue for your park and split it into admissions, parties, memberships and food and beverage. If the portfolio grows while the core stalls, you now know what that looks like in public.

2. Weight your year correctly. If your market’s indoor season concentrates demand in Q4, plan staffing, marketing and cash reserves around that curve rather than a flat monthly average.

3. Pressure-test the plan before the second park. Whether you are validating an existing operation or planning a new build, walk the sequence end to end: market, building, equipment, opening. Our getting-started guide lays out the full path from design to delivery.

Get a free design and quote →

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FAQ

How much revenue does a family entertainment center make per year?

On the only recent public, park-level disclosure available, Airtopia’s three established parks generated roughly $2.5 million each over nine months of 2026 (derived from the October 22 release), consistent with the $3.98–4.89 million full-year 2025 figures the company disclosed for Hemet and San Antonio. These are management-prepared, unaudited figures from US secondary markets. Your result depends on local population, catchment income, competition and execution, so treat the range as calibration, not a target.

What does “sales and receipts” mean in operator disclosures?

It is the label Lelantos Holdings uses for cash collected at park level, and it is broader than audited revenue. In the October 22, 2026 release it explicitly includes membership sales collected before the new parks opened. Because the metric is preliminary, unaudited and not defined under GAAP, it should not be compared line-for-line with your own revenue or with any profit measure.

How long does a new trampoline park or FEC take to ramp up?

The published data shows operators planning for a multi-quarter ramp rather than a fast payback. Tahlequah collected $309,735 during its 2026 opening period against full-year guidance of about $1.0 million, and McAlester collected $233,800 in its first 30 days, both partial-period figures that the company itself frames as ramp-up, not steady state. Plan for at least two to four quarters before judging a park’s mature performance, and judge it against your own seasonal curve.

Do birthday parties and memberships really drive family entertainment center revenue?

They are the two levers this operator chose to disclose and to emphasize: San Antonio recorded 216 party bookings in September 2026 (up 21% from August) and Owasso recorded 98 new membership activations (up 58% from August). Month-over-month figures include seasonality, so read them as direction rather than growth rates. Structurally, the case is straightforward: parties and memberships convert one-time visits into scheduled, repeatable revenue, while daily admissions start from zero every morning.

When is the right time to open a second location?

The Airtopia dataset offers one clear lesson: portfolio growth and same-store decline can coexist, so expansion is not evidence the core business is healthy. Before committing to a second park, verify that your first park’s revenue has been stable or growing for at least four quarters, that you understand its seasonal curve, and that the new market and building pass independent feasibility checks. A second location amplifies whatever your operating system already does.

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Sources

1. Newsfile Corp / Lelantos Holdings, Inc., “Lelantos Holdings Reports $8.795 Million in Year-to-Date Park Sales and Receipts,” October 22, 2026 — newsfilecorp.com/release/320377
2. Pembroke Observer (Newsfile syndication), same release, October 22, 2026 — pembrokeobserver.com
3. StreetInsider (Newsfile), “Lelantos Holdings, Inc. (LNTO) to Publish Airtopia Adventure Parks Acquisition Report to OTC Markets Disclosure Portal,” September 17, 2026 — streetinsider.com
4. Lelantos Holdings press page, “Lelantos Holdings Highlights Airtopia Tahlequah, the Next Step in Its Ground-Up Growth Strategy,” July 23, 2026 — lelantosholdings.io
5. Stockwatch (Newsfile), “Lelantos Holdings Reports 21% Month-Over-Month Increase in San Antonio Party Activity,” October 15, 2026 — stockwatch.com
6. Newsfile Corp, same September operating results release, October 15, 2026 — newsfilecorp.com/release/319178
7. TradingView (TMX Newsfile), same September operating results release, October 15, 2026 — tradingview.com