Welcome to our dedicated page for Venu Holding Corporation news (Ticker: VENU), a resource for investors and traders seeking the latest updates and insights on Venu Holding Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Venu Holding Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Venu Holding Corporation's position in the market.
Venu Holding (NYSE: VENU) has closed on a 46-acre property in McKinney, TX, for the development of a $300M, 20,000-seat outdoor music venue called The Sunset Amphitheater. The project, set for groundbreaking in Spring 2025, is a public-private partnership with the City of McKinney and local development corporations.
The ultra-lux venue will feature innovative Fire Pit Suites and The Aikman Club, a members-only space created in collaboration with NFL Hall of Famer Troy Aikman. Located northeast of Dallas-Fort Worth, the venue aims to attract major musical acts and fans from across Texas and surrounding states.
VENU currently operates venues in Gainesville, GA, and Colorado Springs, CO, with $1.3 billion in active site development across multiple locations. The company projects $200 million in Fire Pit Suite sales for 2025 and has five additional markets in pre-construction.
Venu Holding (NYSE American: VENU) announces its participation in the NYSE Opening Bell ceremony on January 21, 2025, marking its successful transition from a fan-founded company to a publicly traded entity. The company recently completed its IPO in November 2024, raising approximately $13.8 million through the sale of 1,380,000 shares at $10.00 per share.
VENU operates premium entertainment venues and dining establishments, including Bourbon Brothers Smokehouse and Tavern, Notes Eatery, and Roth's Seafood and Chophouse. The company's venue portfolio ranges from intimate settings to large amphitheaters accommodating up to 20,000 fans.
In December 2024, VENU reported $11 million in Fire Pit Suite sales, contributing to a total of $77.7 million for the year. The company projects Fire Pit Suite sales to exceed $200 million in 2025. With operations in Colorado Springs and Gainesville, VENU is expanding with $1.3 billion in active construction projects across Oklahoma and Texas markets.
Venu Holding (NYSE: VENU) reported strong Fire Pit Suite sales of $77.7 million in 2024, with December alone contributing over $11 million, marking a 12-month streak of multi-million-dollar monthly closings. The company projects Fire Pit Suite sales to exceed $200 million in 2025.
VENU offers exclusive ownership opportunities at its venues, including Fire Pit Suites that provide lifetime access to every concert, premium amenities, and investment benefits. These suites accommodate 4-10 fans and include features like VIP parking, dedicated restrooms, and potential meet-and-greets with performers.
The company currently operates venues in Gainesville, GA, and Colorado Springs, CO, with active construction and development valued at $1.3 billion across Broken Arrow, Oklahoma City, El Paso, and McKinney. Five additional markets are in pre-construction phase.
Venu Holding (NYSE: VENU) has launched its new brand campaign 'Fan Founded. Fan Owned,' highlighting its commitment to transforming the live entertainment experience. The initiative, announced alongside a promotional video filmed at the Ford Amphitheater in Colorado Springs, features the Red Clay Strays' song 'Wasting Time' and showcases VENU's fan-first approach to premium hospitality and entertainment.
The company emphasizes its unique offerings, including luxury fire pit suites and exclusive owner's clubs with premium dining and beverage options. CEO J.W. Roth emphasizes that this initiative represents more than a marketing campaign, offering fans the opportunity to own a stake in the company's vision for disrupting the entertainment industry.
Venu Holding (NYSE: VENU) reported its Q3 2024 results, marking its first earnings report since its November 2024 IPO. The company's total assets increased 100% to $166.6 million, while revenue grew 56% year-over-year to $13.6 million for the nine months ended September 30, 2024.
The company's flagship Ford Amphitheater in Colorado Springs, which opened in August 2024, generated $12.7 million in gross receipts from 17 shows, selling over 83,000 tickets at an average price of $152. The venue secured a $13 million naming rights deal with Colorado Ford Dealerships for ten years.
VENU currently has two completed campuses, four under construction, and five in development. Once operational, these markets are projected to add over $2 billion in real assets and bring seat inventory to 150,000 seats.
VENU Holding (NYSE American: VENU) has released its Winter Edition 2024 of VENU Magazine, reaching 150,000 households nationwide. The magazine features exclusive content about premium live entertainment, hospitality, and the communities VENU serves. This edition includes articles on retirement income generation, fire pit suite investments, luxury hunting and golf retreats, and a cover story featuring NFL Hall of Famer Troy Aikman, founder of EIGHT Elite Lite Lager. The publication aims to connect fans, investors, and partners with VENU's vision and offerings.
Venu Holding (NYSE American: VENU) has announced the launch of its new non-profit, Venu Arts and Culture Foundation. The foundation aims to support local talent and enhance access to arts through community concerts, events, scholarships, grants, educational workshops, and fundraising events.
The foundation's board includes Chloe Hoeft (President), Tobin Kern (Secretary), Heather Atkinson (Treasurer), J.W. Roth (Chairman), Gary Tedder, Boyd Williams, and Jen Furda. Funding will come from private donors and revenue generated by VENU's nationwide brands, including restaurants, amphitheaters, and indoor music halls. The organization has applied for 501(c)(3) status.
Venu Holding (NYSE: VENU) has announced plans to open four new entertainment facilities in Texas and Oklahoma over the next 24 months. The new venues will be located in McKinney (Dallas market), El Paso, Broken Arrow (Tulsa market), and Oklahoma City. When completed, VENU will have a total capacity of 80,000 seats across its properties.
Each facility is expected to host 40-50 shows annually. The venues are projected to collectively generate over $750 million in annual revenue, with potential net tangible assets exceeding $1 billion within six quarters. The development costs range from $93 million to $220 million per venue, with capacities between 12,500 and 20,000 fans. Each location will feature Luxury Fire Pit Suites and Aikman Club Memberships.
Venu Holding (NYSE: VENU) has announced an exclusive TMZ Sports interview featuring NFL Hall of Famer Troy Aikman, owner of EIGHT Elite Light Lager, and VENU's CEO J.W. Roth. The interview highlighted the new partnership between VENU and EIGHT, focusing on their shared vision for transforming the live entertainment industry. The collaboration aims to strengthen VENU's position in luxury entertainment venues and expand its brand portfolio.
Venu Holding (NYSE American: VENU), a leading premium hospitality and live entertainment company, announced its intention to release third quarter 2024 results on December 23, 2024. The results will cover the period ending September 30, 2024.
Additionally, VENU will host a conference call on December 23, 2024, at 4:30 p.m. Eastern Time to discuss its financial results and business progress. The conference call can be accessed via a toll-free dial-in number for USA/Canada at (800) 715-9871, or internationally at +1 (646) 307-1963, using the Conference ID: 9521412. A webcast link is available at https://events.q4inc.com/attendee/565245234, and a replay will be accessible through December 23, 2025, at https://investors.venu.live.
FAQ
What is the current stock price of Venu Holding Corporation (VENU)?
What is the market cap of Venu Holding Corporation (VENU)?
