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 (NYSE: DS) spreads holiday cheer with various seasonal activities at its venues through December. Notable events include the Snowman Game where guests aim to hit targets to build virtual snowmen, and New Year’s Eve celebrations featuring ticket options across multiple locations such as Raleigh, Richmond, Orlando, and West Palm Beach. The company also offers corporate holiday events at both Drive Shack and Puttery venues, accommodating diverse group sizes in festive environments.
The opening of Puttery Charlotte on
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Drive Shack reported a record $76.4 million in revenue for Q3 2021, its highest in three years, marking a significant rebound post-COVID. The company also achieved positive adjusted EBITDA of $3.3 million for the quarter. Despite these gains, Drive Shack faced an operating loss of $5.9 million, slightly better than the previous year's loss of $6.0 million. The launch of its first Puttery venue in The Colony, Texas, contributed positively to revenue, while overall performance continues to improve with expectations for more venue openings.
Drive Shack Inc. (NYSE: DS) will report its third quarter 2021 financial results on November 8, 2021, before the markets open. A live conference call and webcast are scheduled for 9:00 a.m. Eastern Time that day, with earnings release details available on the company's Investor Relations website. Interested participants can access the call via designated phone numbers or through the web. A replay of the call will be available soon after its conclusion and accessible until November 15, 2021.
Drive Shack Inc. (NYSE: DS) is set to launch Puttery, an adults-only entertainment venue, in The Colony, Texas on
Drive Shack Inc. (NYSE: DS) reported strong second-quarter results for 2021, achieving $73.9 million in total revenue, up from $32.1 million in Q2 2020. The company posted operating income of $1.1 million, its first in three years, and positive Adjusted EBITDA of $7.7 million, a substantial increase from a loss of $7.0 million last year. The Drive Shack venues saw significant walk-in revenue, exceeding pre-pandemic levels. Despite this, the company reported a net loss of $2.0 million, showing improvement compared to a loss of $39.5 million in the same quarter last year.
Drive Shack Inc. (NYSE:DS) announced the opening of Puttery in Houston’s Rice Military neighborhood, marking its second Texas market and fifth location nationwide. This 23,000-square-foot venue features an adults-only vibe with four nine-hole putting courses, bars, and DJs. CEO Hana Khouri emphasized the venue's unique offering and strategic growth plans in a rapidly expanding market. Puttery aims to redefine mini-golf with upscale cuisine and innovative auto-scoring technology, enhancing the socializing experience. Locations are also being developed in Dallas, Charlotte, Washington, D.C., and Miami.
Drive Shack Inc. (NYSE: DS) will release its second quarter 2021 financial results on August 9, 2021, before market opening. A live conference call will occur at 9:00 a.m. Eastern Time, available via phone (1-877-876-9177 for U.S. callers) and webcast on their Investor Relations site. A replay of the call will be accessible later that day until August 16. Drive Shack Inc. operates golf-related leisure and entertainment businesses, including American Golf, Drive Shack, and Puttery.