Welcome to our dedicated page for DS news (Ticker: DS), a resource for investors and traders seeking the latest updates and insights on DS stock.
Drive Shack Inc. (DS) generates news as an owner and operator of golf-related leisure and entertainment businesses, with a portfolio that includes American Golf, Drive Shack venues and Puttery. Company announcements have highlighted developments across its entertainment golf and traditional golf operations, as well as important updates on its public company status and trading venue.
News about Drive Shack Inc. has included financial results, such as quarterly and full-year earnings releases that detail revenue from golf operations and from the sale of food and beverages, along with event revenue performance and the contribution of Puttery and Drive Shack venues. These releases often discuss operating income or loss, consolidated net income or loss and non-GAAP measures like Adjusted EBITDA, together with explanations of pre-opening costs and other items affecting results.
Another key category of news concerns Puttery, the company’s modern putting concept. Press releases have announced grand openings of new Puttery venues in cities such as Houston and Chicago, described themed nine-hole courses and venue layouts, and outlined event capabilities for corporate and social gatherings. Additional updates have covered new market entries, such as plans for a Puttery venue in Minneapolis.
Regulatory and capital markets developments also feature in Drive Shack Inc. news. The company has disclosed receiving a continued listing standard notice from the New York Stock Exchange related to its share price, and later announced its intention to voluntarily delist from the NYSE, deregister its securities and seek quotation on an OTC platform. Investors and observers can use this news stream to follow how Drive Shack Inc. communicates changes in its operations, venue expansion and public company status over time.
For anyone tracking DS, this news page offers a centralized view of the company’s official announcements on financial performance, venue openings, event-focused offerings and listing decisions.
Drive Shack Inc. (NYSE: DS) announced the opening of Puttery D.C. in Penn Quarter on June 23, 2022, at 12 p.m. EDT. This venue marks the third location for its innovative golf entertainment concept. Puttery D.C. features three themed nine-hole courses: the Art Museum, Conservatory, and Illusion, enhancing the social entertainment experience in a 19,000-square-foot area. The venue aims to be a popular destination for various social events and is open from 12 p.m. to 2 a.m., with reservations currently available.
Drive Shack reported Q1 2022 total revenue of $69 million, a 13% increase from Q1 2021. This growth was led by increased event sales and a 19% rise in revenue from Drive Shack venues, alongside a 6% increase from American Golf. The company’s two Puttery venues contributed $4.4 million in revenue. However, the operating loss widened to ($18.4 million) from ($7.9 million) a year prior, attributed partly to impairment charges. Cash reserves fell to $44.1 million from $58.3 million.
Drive Shack Inc. (NYSE: DS) will release its first quarter 2022 financial results on
Drive Shack reported updates to its March 11, 2022 financial results, revealing a $1.5 million increase in lease termination expenses for Q4 2021. This adjustment raised the consolidated net loss for Q4 2021 to $10.0 million, compared to a net income of $9.9 million the prior year. Despite the revisions, total revenue for Q4 2021 rose 17% year-over-year to $70.5 million. For the full year 2021, revenue increased by 28.1% to $281.9 million, with consolidated net loss improving to $31.8 million.
Drive Shack Inc. (NYSE:DS) expands its Puttery brand with the opening of its 10th venue in Kansas City, Missouri. The new location at Country Club Plaza spans 23,600 square feet and includes uniquely themed nine-hole courses along with bars and lounges.
The venue targets local sports fans and tourists, enhancing the area’s nightlife. Puttery combines a lively atmosphere with innovative scoring technology and culinary offerings, contributing to the company’s growing portfolio of entertainment options.
Drive Shack Inc. (NYSE: DS) reported a 17% increase in total revenue for Q4 2021, reaching $70.5 million, compared to the same period in 2020. For the full year 2021, revenue surged 28% to $282 million, the highest in three years. The company improved its operating loss by 48% to ($19.2 million) and reported an Adjusted EBITDA of $16.2 million. Despite challenges, total event revenue was at its highest since pre-COVID levels, bolstered by strong performance from both Drive Shack and Puttery venues.
Drive Shack Inc. (NYSE:DS) has announced the opening of its largest Puttery venue in New York City's Meatpacking District. The 26,600-square-foot location will feature themed courses, a rooftop lounge, and a chef-driven menu. Driven by a desire to innovate, the company aims to provide a unique socializing experience in one of Manhattan’s trendiest areas. Puttery venues are also planned for other cities, including Washington, D.C., and Miami. This expansion aligns with Drive Shack's commitment to competitive socializing in its golf-related entertainment portfolio.
Drive Shack Inc. (NYSE: DS) will release its fourth quarter and full year 2021 financial results on March 11, 2022, before market opening. A conference call is scheduled for 9:00 a.m. ET, accessible via phone and webcast on the company's investor relations website. The call can be replayed from 12:00 p.m. ET the same day until March 18, 2022. Drive Shack is a prominent operator in the golf leisure and entertainment sector with brands like American Golf and Puttery.
Drive Shack Inc. (NYSE:DS) announces the opening of a new Puttery venue in Pittsburgh, marking its eighth location in a rapid nationwide expansion. Located in the Strip District, this 19,000-square-foot establishment will feature three themed nine-hole courses, bar areas, and a chef-driven menu. Designed to cater to modern entertainment demands, Puttery Pittsburgh aims to complement the area's vibrant culture and dynamic workforce. Other locations in development include Washington, D.C., Miami, and Chicago.
Drive Shack Inc. (NYSE:DS) announced the opening of a new Puttery location in Fulton Market, Chicago, making it the seventh Puttery venue in the U.S. This 23,000-square-foot facility will feature two themed nine-hole putting courses, two indoor bars, and a rooftop patio. Drive Shack's President, Hana Khouri, emphasized Chicago's vibrant atmosphere as an ideal market for Puttery. The venue aims to combine casual dining with social golf activities, enhancing the competitive leisure landscape in the city.