NYSE$DSHK
Drive Shack Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported highest quarterly revenue in three years with the launch of Puttery.
Drive Shack Inc. reported a total revenue of $76.4 million for the third quarter of 2021, the highest in three years, and an operating loss of $5.9 million with a positive adjusted EBITDA of $3.3 million. The company debuted its first Puttery venue in The Colony, Texas in September 2021.
- Total revenue for Q3 2021 was $76.4 million, compared to $66.5 million in the same period last year.
- American Golf generated total revenue of $65.1 million in Q3 2021, compared to $60.3 million in Q3 2020.
- Entertainment golf business generated total revenue of $11.3 million in Q3 2021, compared to $6.2 million in Q3 2020.
- First Puttery entertainment golf venue debuted in September 2021, generating total revenue of $0.8 million.
Headline financials
Revenue & EPS history
Drive Shack · Revenue · Quarterly
$76.4M
Revenue by segment
Drive Shack · $7.38M total across 1 segment · Q4 2020
- Sales of Food and Beverages$7.38M-59.5%100.0%
Forward guidance
Drive Shack looks forward to opening additional Puttery venues in the coming months, including the Charlotte location which is planned to open later this quarter. The company remains centered on its strategic priorities to drive growth and profitability this year and beyond.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 9 quarterly earnings reports
-1.5%
Avg return
Earnings day
+4.5%
Avg return
5 days after
+3.1%
Avg return
30 days after
29%
9 / 31 earnings
Positive
+19.9%
Q3 2022
Best reaction
-19.0%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2025 | -19.0% | -11.4% | -36.3% | |
| Q4 2024 | -5.9% | +5.9% | +41.2% | |
| Q4 2023 | +0.0% | +0.0% | -30.8% | |
| Q3 2023 | +0.0% | -4.5% | -4.5% | |
| Q2 2023 | +0.0% | -2.5% | -33.1% | |
| Q1 2023 | -2.4% | -1.2% | -25.8% | |
| Q4 2022 | +0.0% | +26.7% | +206.4% | |
| Q3 2022 | +19.9% | +33.7% | -40.7% | |
| Q2 2022 | -12.4% | -15.0% | -35.0% | |
| Q1 2022 | +10.2% | +13.1% | -10.2% | |
| Q4 2021 | -8.5% | — | — | |
| Q3 2021 | -9.9% | — | — | |
| Q2 2021 | +3.8% | — | — | |
| Q1 2021 | +6.6% | — | — | |
| Q4 2020 | +19.2% | — | — | |
| Q3 2020 | -2.1% | — | — | |
| Q2 2020 | -5.6% | — | — | |
| Q1 2020 | -7.5% | — | — | |
| Q4 2019 | -13.4% | — | — | |
| Q3 2019 | -3.6% | — | — | |
| Q2 2019 | -1.9% | — | — | |
| Q1 2019 | +1.6% | — | — | |
| Q4 2018 | +6.4% | — | — | |
| Q3 2018 | -11.4% | — | — | |
| Q2 2018 | -12.3% | — | — | |
| Q1 2018 | -2.7% | — | — | |
| Q4 2017 | -1.6% | — | — | |
| Q3 2017 | +4.1% | — | — | |
| Q4 2016 | +4.1% | — | — | |
| Q2 2017 | -3.5% | — | — | |
| Q1 2017 | +0.0% | — | — | |
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