Topgolf Callaway Brands Ord Shs - MODG STOCK NEWS

Topgolf and Verizon have announced a multiyear partnership that will provide exclusive benefits to Verizon's 114 million U.S. customers through the Verizon Access program.

The collaboration includes three main offerings:

• Anytime Deals: -time local discounts on gameplay
• Local Passes: Seasonal offers on event packages and gift cards
• Big Tickets: Access to VIP event experiences and personalized hospitality experiences

The partnership, facilitated by OVG Global Partnerships, is effective immediately, with offers accessible through the Verizon Access tab in the Verizon app. New promotional offers will be rotated throughout the year.

Topgolf Callaway Brands (NYSE: MODG) reported Q4 2024 results with consolidated net revenue growth of 3% to $924.4 million. The company recorded a GAAP net loss of $1,512.7 million due to a $1,452.0 million non-cash impairment charge related to Topgolf's goodwill and intangible assets.

Key highlights include:

• Q4 Adjusted EBITDA increased 45.3% to $101.4 million
• Full-year revenue decreased 1.1% to $4,239.3 million
• Operating cash flow increased 5% to $382 million
• Adjusted Free Cash Flow rose 27% to $203.1 million

The Callaway brand maintained its #1 position in U.S. market share for golf clubs and achieved record market share in golf balls. Topgolf's same venue sales declined 8% in Q4, though venue margins and adjusted free cash flow exceeded expectations. The company faces headwinds in 2025 including foreign currency exchange rates and cost pressures.

Topgolf Callaway Brands (NYSE: MODG) has announced it will release its fourth quarter and full year 2024 financial results on Monday, February 24, 2025, after market close. The company will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results, business updates, and outlook.

A live webcast and presentation will be accessible through the Investor Relations section of the company's website, with a replay available approximately two hours after the event concludes.

Topgolf announces a -time experience inspired by Marvel Studios' 'Captain America: Brave New World' at all U.S. venues from February 1 through April 13, 2024. The promotion includes a themed Block Party experience where players can team up with Captain America in a virtual Washington D.C. setting.

The company is launching a national sweepstakes from February 14-21, offering daily prizes through special red golf balls that provide scratch-off tickets. Prizes include $25 gameplay coupons and movie-themed merchandise. A grand prize valued at $15,000 includes a Washington D.C. trip, $6,000 cash, and Topgolf benefits.

Additionally, Topgolf introduces three -time menu items available February 10 through March 31: The Brave New Burger, Raging Red Punch, and Captain's Orders drinks. Players can try the experience for free with 30 minutes of complimentary gameplay through Topgolf's Free Play Time promotion.

Topgolf has broken ground on a new two-level venue in Grand Prairie, Texas, scheduled to open in late 2025. This will be the company's 15th venue in Texas and 5th in the Dallas-Fort Worth metroplex. The facility will feature 80 outdoor climate-controlled hitting bays equipped with Toptracer technology and will employ approximately 300 workers.

The venue will be located at 3670 South State Highway 161, south of IKEA, and will include a full-service restaurant and bar, fire pits, and a private event space with rooftop terrace. The facility will offer the new Sonic the Hedgehog™ game developed with SEGA®, golf lessons through Topgolf's Coach program, and The Sure Thing golf club designed for beginners.

Callaway Golf has announced its new Elyte family of golf clubs, featuring drivers, fairway woods, irons, and hybrids. The lineup will be available for pre-order on January 17th, 2025, with drivers and fairway woods reaching retailers on January 24th, followed by hybrids and irons on February 7th.

The Elyte Drivers, priced at $599.99 (Triple Diamond at $649.99), feature an advanced shape with enhanced aerodynamics, a Thermoforged Carbon crown, and the new Ai 10x Face technology, delivering up to 8 yards longer distance with improved forgiveness. The Fairway Woods ($349.99-$449.99) incorporate a Step Sole design and Tungsten Speed Wave, offering 57% less turf interaction.

The Hybrids ($299.99) provide up to 13 yards of shot shaping with interchangeable weights, while the Irons ($900/6-piece set) feature Speed Frame construction and Ai 10x Face technology for exceptional ball speeds and forgiveness.

Topgolf is set to open its first Mississippi venue in Ridgeland on December 20, 2024, marking its 108th global outdoor location. The two-level facility, located 11 miles north of downtown Jackson, features 62 climate-controlled hitting bays equipped with Toptracer technology. The venue includes a nine-hole mini-golf course, a new Sonic the Hedgehog™ game developed with SEGA®, and comprehensive amenities including a full-service restaurant, 22-foot video wall, and over 100 HDTVs.

The facility will employ approximately 200 Playmakers and offers various entertainment options beyond golf, including private event spaces, an outdoor patio, and family-friendly programming. The venue also provides golf instruction through its Coach program and features The Sure Thing, a golf club designed for beginners.

Topgolf announced the opening of its 107th global outdoor venue in Burlingame, California on December 13. The new three-level facility features 108 climate-controlled hitting bays overlooking the San Francisco Bay, equipped with Toptracer technology. Located at 258 Anza Blvd., the venue will employ approximately 450 staff members and includes a full-service restaurant, a 36-foot video wall, 200+ HDTVs, and two indoor Swing Suite simulator bays. The facility offers various gaming options, including the new Sonic the Hedgehog™ game, golf lessons, and Club Upgrade options. The venue also features private event rooms and an outdoor patio with year-round family-friendly programming.

Topgolf has broken ground on a new two-level venue in Avon, Ohio, scheduled to open in late 2025. The facility, located at 35343 Chester Road, will be the fifth Topgolf venue in Ohio. The venue will feature 64 outdoor climate-controlled hitting bays equipped with Toptracer technology, a full-service restaurant and bar, a 22-foot video wall, over 100 HDTVs, and an outdoor patio. The facility will employ approximately 200 Playmakers and include private event spaces for various gatherings. This location will be situated about 20 miles west of downtown Cleveland along Chester Road near the I-90 and Nagel Road intersection.