NYSE$DSHK

Drive Shack Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Drive Shack reported a 16% increase in total revenue, driven by event sales and new Puttery venues.

Drive Shack Inc. reported a strong third quarter with total revenue increasing by 16% to $88.7 million compared to the same period last year. The growth was primarily driven by increased event sales across American Golf and Drive Shack, as well as the addition of new Puttery venues.

  • Total revenue increased by 16% to $88.7 million compared to Q3 2021.
  • American Golf event revenue increased by 51% compared to Q3 2021.
  • Drive Shack event revenue increased by 22% compared to Q3 2021.
  • Puttery venues generated $6.6 million in total revenue.

Headline financials

Total Revenue

$88.7M

Previous: $76.4M+16.1%
EPS (adj)

-$0.09

Previous: -$0.11+18.2%
Net Income

-$7.15M

Previous: -$8.85M+19.2%
Operating Income

-$5.19M

Previous: -$5.92M+12.3%
Gross Profit

$83.7M

Previous: $72.7M+15.2%
Cash & Equivalents

$11.7M

Previous: $63.9M-81.8%
Total Assets

$456M

Previous: $484M-5.9%
Stock-Based Comp

$112K

Previous: $598K-81.3%

Revenue & EPS history

Drive Shack · Revenue · Quarterly

$88.7M

Q3 2022+16.1%vs Q3 2021
Beat estimate in 4 of 5 quarters(80%)
ActualEstimate

Revenue by segment

Drive Shack · $7.38M total across 1 segment · Q4 2020

  • Sales of Food and Beverages
    $7.38M-59.5%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 9 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

-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

Earnings price reactions
QuarterReport dateReaction (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%——
Q3 2016———
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Q4 2009———
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Q4 2011———
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Q3 2011———
Q3 2010———
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Q2 2010———
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