• Loading stock data...
Friday, July 11, 2025

Drive Shack Reports Strong Q3, Debuts New Venture

  • Drive Shack posted $76.4 million in revenue in Q3 2021.
  • The golf company reported $66.5 million in revenue for the same period last year.
drive_shack_logo_on_ball_club
Drive Shack/Design: Alex Brooks

Drive Shack, owner of golf-related leisure and entertainment businesses, generated $76.4 million in revenue in Q3 2021, up from $66.5 million for the same period last year. 

The results were driven by American Golf, the company’s traditional golf business, which posted $65.1 million in revenue during the quarter, a jump from $60.3 million in Q3 2020.

Comprising Drive Shack and Puttery, Drive Shack’s entertainment golf business reported $11.3 million in revenue during the quarter.

Indoor golf experience Puttery debuted in Denton County, Texas, in September, with venues under development in Houston, Dallas, Charlotte, Miami, and Washington, D.C. 

The business received a major investment in July from four-time golf major champion Rory McIlroy and his investment group, Symphony Ventures, which has committed at least $10 million for 10% ownership of each Puttery venue that opens through 2023. 

The company’s strong earnings report is the result of a growing and diverse golf market.

  • Swingers, a high-end mini golf experience from the U.K., is opening in Washington, D.C., and New York after raising $20 million from Cain International.
  • Lamborghini and Indian EV maker Kinetic Green Energy are developing golf carts, with sales to start next year.

Drive Shack reported a net loss of $8.9 million in Q3 2021 compared to $9.4 million for the same period last year. 

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

May 29, 2025; Dublin, Ohio, USA; The TaylorMade club cover of Tommy Fleetwood is seen during the first round of the Memorial Tournament presented by Workday golf tournament.

Golf Equipment Maker TaylorMade Caught Up in Fight Over Who Owns It

There is a dispute over which Korean entity controls the company.

Ryder Cup Gets Wilder As Bradley Could Play Dual Role

The biggest Ryder Cup ever might have another first.

Scheffler Closing Fast on Mickelson’s PGA Tour Earnings

Scottie Scheffler is already fourth in PGA Tour career earnings.
Caddy Ted Scott talks with Scottie Scheffler during the second round of the Players Championship at TPC Sawgrass in Ponte Vedra Beach, Fl. Friday March 14, 2025.

How Do You Become a PGA Tour Caddie?

The pathways, skills, and expectations for caddying at golf’s highest level.

Featured Today

Rimouski, QC - JUNE 1: Final Game of the 2025 Memorial Cup between the Medicine Hats Tigers and the London Knights on June 1, 2025, at the Colisée Financière Sun Life in Rimouski, Qc.

CHL Is Facing a ‘Pandora’s Box’ of Questions Amid NCAA Talent Departure

As players defect to college, the Canadian Hockey League won’t cede ground.
Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.
July 9, 2025

The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’

Demand for the oddly shaped bats has stayed strong across the sport.
July 6, 2025

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
July 5, 2025

Baseball’s Celebrity Row: Behind MLB’s First-Pitch Ritual

Often planned, sometimes spontaneous, the ritual throw is baseball’s celebrity row.
Jun 13, 2018; Moscow, Russia; A general view of a beer stand inside of Luschniki Stadium one day prior to the start of the FIFA World Cup 2018.

Saudi Arabia Says No Alcohol at 2034 World Cup

Saudi Arabia won’t allow alcohol anywhere during the 2034 World Cup.
August 30, 2024

Premier League Transfer Spending Has Already Topped $2 Billion As Deadline Looms

Saudi Pro League teams haven’t yet matched their English counterparts.
January 13, 2025

Gavin Newsom Reveals Status of 2028 Olympics As Los Angeles Wildfires Roar

Gavin Newsom says there’s a “Marshall Plan” to rebuild Los Angeles.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
Paralympics Tiktok
August 25, 2024

The Wildly Successful Paralympics TikTok Account Isn’t What You Think

A cheeky TikTok account is opening the world of Paralympic sports.
August 11, 2024

Passing of the Torch: Los Angeles Set for Olympic Firsts in 2028

The city last hosted the Summer Olympics in 1984.
August 1, 2024

Saudi Arabia Submits Bold World Cup Bid That Includes a Cliffside Arena

The Saudis are proposing a new stadium in a futuristic city called Neom.
John John Florence (USA) surfs in men’s round two competition during the Tokyo 2020 Olympic Summer Games at Tsurigasaki Surfing Beach.
July 29, 2024

Olympic Surfers Won’t Get Their Full Paris Moment

‘We’re kind of separate off on our own little thing over here.’