Topgolf Callaway Brands Corp. ( (MODG) ) has released its Q3 earnings. Here is a breakdown of the information Topgolf Callaway Brands Corp. presented to its investors.
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Topgolf Callaway Brands Corp. is a leading company in the golf and active lifestyle sector, known for its innovative golf equipment, apparel, and entertainment offerings, including the popular Topgolf venues. The company operates in both on-course and off-course golf markets, providing a comprehensive golf experience.
In its third-quarter 2025 earnings report, Topgolf Callaway Brands Corp. announced a 3% year-over-year revenue growth from ongoing business operations, excluding Jack Wolfskin. The company exceeded its guidance for net revenue and adjusted EBITDA, with Topgolf venues showing positive same venue sales growth. Additionally, the company reported a significant increase in liquidity, up by $391 million year-over-year.
Key financial highlights include a net revenue of $934 million for the third quarter, although this represents a 7.8% decrease from the previous year due to the sale of Jack Wolfskin. The company’s golf equipment segment saw a 4% revenue increase, driven by strong market demand, while Topgolf’s revenue rose by 4.2%, aided by the addition of new venues and improved traffic trends. However, the active lifestyle segment experienced a decline in revenue.
Despite reporting a net loss of $14.7 million on a GAAP basis, the company remains optimistic, raising its full-year 2025 revenue and adjusted EBITDA guidance. This outlook reflects the company’s strong performance in the third quarter and positive business trends, alongside effective cost management strategies to mitigate tariff impacts.
Looking ahead, Topgolf Callaway Brands Corp. anticipates continued growth and market expansion, supported by its strategic initiatives and robust financial position. The company is focused on enhancing its brand presence and capitalizing on the growing demand for golf and active lifestyle products and services.