

Additionally, the Company’s three Puttery venues generated total revenue of $4.5 million in the second quarter this year, which included $1.0 million in total event revenue. While slightly down to last year, the four Drive Shack venues drove a strong events business with $3.2 million in total event revenue this quarter, up $1.6 million or 106% versus the second quarter last year. Total revenue at the Company’s four Drive Shack venues totaled $11.2 million in the second quarter this year compared to $11.6 million in the same period last year. The Company’s entertainment golf business, comprised of both Drive Shack and Puttery venues, generated total revenue of $15.7 million in the second quarter 2022, an increase of $4.1 million, or 35.6% compared to $11.6 million in the second quarter 2021. Total revenue for the second quarter 2022 was $86.7 million, an increase of $12.8 million or 17.3%, compared to $73.9 million in the same period last year. We are gaining clear proof of concept with our Puttery brand, and we are confident it presents the best path-forward for growth and profitability for the foreseeable future.” Puttery Houston is planned to open next month and Chicago will follow shortly thereafter. Our newest Puttery opened on June 21st in Washington D.C.’s Penn Quarter and while they are still in their initial stages of operations, their key metrics are aligning closely to those in The Colony and Charlotte. Khouri continued, “Puttery delivered another quarter of great results, with walk-in revenue trending well ahead of our expectations. We have seen the demand for future events across both the corporate and social categories continue to rise, which will translate into strong revenue results in the back half of this year.” “Event revenue was up significantly this quarter at over $10 million higher than last year’s second quarter. We have a solid foundation in our core businesses with our Drive Shack venues and American Golf courses and each continues to deliver exceptional results,” said Drive Shack Inc.’s President and Chief Executive Officer Hana Khouri. “Our sales results this quarter reflect the strong momentum we continue to see across our entire brand portfolio.

(the “Company”) (NYSE: DS), a leading owner and operator of golf-related leisure and entertainment businesses, today reported its financial results for the three and six months ended June 30, 2022. Puttery Venues Delivered Total Revenue of $4.5 Million in Second Quarter 2022ĭALLAS–(BUSINESS WIRE)– #putteryofcourse- Drive Shack Inc. Drive Shack seems like it would be more relaxed and I would be able to socialize more.Second Quarter 2022 Total Company Revenue of $87 Million, Up 17% Compared to Second Quarter 2021 Led by Increased Event Sales and New Puttery VenuesĪmerican Golf Event Revenue up 311% and Drive Shack Event Revenue Up 106% Compared to Second Quarter 2021

Top Golf seems like it would be more fun because it would be more challenging and I would be able to score better. Final WordsĪfter much consideration, I have decided that I would rather go to Top Golf than Drive Shack. They even have an Angry Birds game! I think that kids do so well because they are there to have fun and can socialize and be competitive at the same time. Top Golf is a great place for kids! They have smaller golf clubs and beginner games that kids can try. But it’s still a fun place to play some golf or to just enjoy the atmosphere. The course looks like a video game, more people dress up, and the prices go up. However, at night it’s more like a sports-oriented night club. The course is easier to see where the balls go, making it more enjoyable. It’s cheaper during the day, so more real golfers and families are out. TopGolf is a great place to hit some balls during the day or to enjoy a night out. This has helped the company become one of the most successful golf businesses in recent years. In addition, Topgolf has become a place for millennials to conduct meetings and business deals, just like a traditional golf course. The company has created a relaxed, welcoming, and social atmosphere that attracts many young people.

The millennial generation has had a significant impact on Topgolf’s popularity.
