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Drive Shack Inc's Business Segments
Drive Shack Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Reportable Segments
3
Largest Segment
Traditional Golf
Total Revenue
$ 282
Regions Reported
-
Annual Results
Revenue Share by Reportable Segment - FY2021
- Traditional Golf84%
- Entertainment Golf16%
- Corporate0%
Revenue by Reportable Segment - FY2021
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Traditional Golf | $ 237 | 84% |
| Entertainment Golf | $ 45 | 16% |
| Corporate | $ 0 | 0% |
Revenue by Product & Service Category - FY2021
- Public Golf Properties42.1%
- Golf Course Operations, Public Golf Properties35.7%
- Managed Golf Properties22.1%
- Golf Course Operations, Managed Golf Properties22.1%
- Private Golf Properties19.8%
- Management Contract Reimbursements19.3%
- Golf Course Operations, Private Golf Properties17.4%
- Entertainment Golf Venues16%
- Food and Beverage, Entertainment Golf Venues8.7%
- Golf Course Operations, Entertainment Golf Venues7.2%
- Food and Beverage, Public Golf Properties6.4%
- Food and Beverage, Private Golf Properties2.4%
- Corporate Golf Properties0%
- Golf Course Operations, Corporate0%
- Golf Operations0%
- Food and Beverage0%
Revenue by Product & Service Category - FY2021
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Public Golf Properties | $ 119 | 42.1% |
| Golf Course Operations, Public Golf Properties | $ 101 | 35.7% |
| Managed Golf Properties | $ 62 | 22.1% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of Drive Shack Inc
Drive Shack Inc is a publicly traded company that operates as a golf entertainment and lifestyle company. The company is headquartered in New York City and was founded in 2016.
The main business of Drive Shack Inc is to offer golf entertainment venues, which combine golf with socializing, dining, and other recreational activities. The company operates its venues under the Drive Shack brand, which provides a state-of-the-art driving range experience that centers around fun, engagement, and innovation.
Drive Shack's exclusive golf entertainment concept includes a high-tech driving range with augmented reality features, cocktails, food, and music all in a lively atmosphere. Their venues have been described as "topgolf on steroids," where friends, families, and colleagues can gather to play games, enjoy great food, and relax.
Drive Shack currently operates three locations in the US, including in Orlando, Florida, Richmond, Virginia, and Raleigh, North Carolina. The company has plans to expand its operations by opening additional locations in other major cities in the United States.
Drive Shack Inc also owns a subsidiary called American Golf, which is a golf course management company operating over 60 courses in the US. American Golf manages courses on behalf of municipalities, private equity groups, and individual owners.
The leadership team of Drive Shack Inc consists of experienced individuals from various industries, including hospitality, entertainment, and real estate. The board of directors includes executives from companies such as Nike, Goldman Sachs, and Starbucks.
Drive Shack Inc is a publicly traded company traded on the New York Stock Exchange under the ticker symbol DS. The company's market capitalization is approximately $300 million.
In summary, Drive Shack Inc is a golf entertainment and lifestyle company that provides innovative and engaging driving range experiences combined with socializing, dining, and other recreational activities. The company has expansion plans, owns American Golf, and is led by a highly experienced leadership team.
The main business of Drive Shack Inc is to offer golf entertainment venues, which combine golf with socializing, dining, and other recreational activities. The company operates its venues under the Drive Shack brand, which provides a state-of-the-art driving range experience that centers around fun, engagement, and innovation.
Drive Shack's exclusive golf entertainment concept includes a high-tech driving range with augmented reality features, cocktails, food, and music all in a lively atmosphere. Their venues have been described as "topgolf on steroids," where friends, families, and colleagues can gather to play games, enjoy great food, and relax.
Drive Shack currently operates three locations in the US, including in Orlando, Florida, Richmond, Virginia, and Raleigh, North Carolina. The company has plans to expand its operations by opening additional locations in other major cities in the United States.
Drive Shack Inc also owns a subsidiary called American Golf, which is a golf course management company operating over 60 courses in the US. American Golf manages courses on behalf of municipalities, private equity groups, and individual owners.
The leadership team of Drive Shack Inc consists of experienced individuals from various industries, including hospitality, entertainment, and real estate. The board of directors includes executives from companies such as Nike, Goldman Sachs, and Starbucks.
Drive Shack Inc is a publicly traded company traded on the New York Stock Exchange under the ticker symbol DS. The company's market capitalization is approximately $300 million.
In summary, Drive Shack Inc is a golf entertainment and lifestyle company that provides innovative and engaging driving range experiences combined with socializing, dining, and other recreational activities. The company has expansion plans, owns American Golf, and is led by a highly experienced leadership team.
Drive Shack Inc. is a multifaceted company dedicated to enhancing the golfing experience through a diverse array of segments, products, and services tailored to meet the needs of golf enthusiasts. The company operates through three primary segments: golf-related leisure and entertainment, traditional golf properties, and debt investments. Each of these segments offers unique products and services that cater to a wide range of customers, from casual golfers to serious enthusiasts. Below is an extensive overview of these segments along with their offerings:
1. Drive Shack Golf Entertainment
Drive Shack Golf Entertainment serves as a cornerstone of the companys operations, focusing on creating engaging and technologically advanced golf experiences. This segment features several key components:
- Drive Shack Locations: These are state-of-the-art entertainment venues equipped with multi-level, climate-controlled bays that offer golf simulations and a variety of interactive games. Customers can enjoy both traditional golfing formats and innovative gaming options in a social atmosphere.
- The Drive Shack Game: A popular offering within these entertainment venues, this game allows players to practice their golfing skills while engaging in fun challenges that incorporate high-tech tracking and scoring systems.
- Family-Friendly Environment: Drive Shack venues often include additional entertainment options, such as arcade games and lounges, making them suitable for families and groups who may not be traditional golfers.
Traditional Golf Properties
Drive Shack Inc. maintains a portfolio of traditional golf courses across the United States. These properties provide a more classic golfing experience and include several appealing features:
- Full-Length Golf Courses: Designed for golfers of varying skill levels, the courses incorporate challenging layouts that can appeal to beginners as well as seasoned players.
- Pro Shops: On-site retail shops offer a range of golfing gear, apparel, and accessories from leading brands, ensuring that players have access to quality products.
- Golf Instruction: The company provides professional lessons, including group clinics and one-on-one coaching, helping golfers improve their skills with tailored instruction.
- Club Rentals: For those who don’t have clubs or are traveling, Drive Shack’s traditional properties offer rental equipment, making it convenient for spontaneous golf outings.
Debt Investments
This segment represents Drive Shacks strategic financial involvement in the golfing industry:
- Investment in Golf-Related Assets: The company invests in various debt securities tied to golf courses, resorts, and other golf-related enterprises. This allows Drive Shack to diversify its income streams and support the broader golfing ecosystem.
Food and Beverage Services
An integral part of the overall experience, Drive Shack’s food and beverage offerings elevate the customer experience whether at entertainment venues or traditional golf courses:
- Dining Options: Customers can enjoy fine dining, casual meals, and quick snacks at various on-site restaurants and cafes.
- Bar Services: Many locations feature bars offering a selection of beverages, including craft beers, cocktails, and non-alcoholic options, to enhance the overall social experience.
Private Events and Tournaments
Drive Shack Golf Entertainment facilities are conducive to hosting a range of private events and competitions:
- Event Spaces: The venues can be customized to accommodate corporate gatherings, weddings, and other special events, complete with catering options.
- Tournaments: The company organizes competitive tournaments, providing an exciting platform for golfers to showcase their skills, which can include both casual and high-stakes options.
Technology and Gaming
Drive Shack leverages cutting-edge technology to enhance its customers experiences:
- Golf Simulators: Advanced simulators offer realistic golfing conditions, including various course options where players can practice or compete.
- Augmented and Virtual Reality Features: These technologies provide immersive experiences that appeal to both golfers and non-golfers, enriching the entertainment value.
Learning Programs
Drive Shack Inc. places a strong emphasis on developing golfers of all ages through various instructional programs:
- Group Lessons: These sessions cater to different skill levels and promote community engagement among golfers.
- Private Instruction: One-on-one coaching is offered for those seeking personalized attention and tailored training.
- Junior Golf Development: Programs designed specifically for young players aim to create a supportive environment that fosters skill development and a love for the game.
Conclusion
In summary, Drive Shack Inc. presents a comprehensive suite of segments, products, and services that cater to a diverse audience within the golfing community. By combining entertainment, traditional golfing facilities, learning programs, and innovative technology, the company positions itself as a leader in enhancing the golfing experience. Drive Shacks commitment to delivering exceptional service and engaging, memorable experiences places it in a strong position within the evolving landscape of the golf industry.
1. Drive Shack Golf Entertainment
Drive Shack Golf Entertainment serves as a cornerstone of the companys operations, focusing on creating engaging and technologically advanced golf experiences. This segment features several key components:
- Drive Shack Locations: These are state-of-the-art entertainment venues equipped with multi-level, climate-controlled bays that offer golf simulations and a variety of interactive games. Customers can enjoy both traditional golfing formats and innovative gaming options in a social atmosphere.
- The Drive Shack Game: A popular offering within these entertainment venues, this game allows players to practice their golfing skills while engaging in fun challenges that incorporate high-tech tracking and scoring systems.
- Family-Friendly Environment: Drive Shack venues often include additional entertainment options, such as arcade games and lounges, making them suitable for families and groups who may not be traditional golfers.
Traditional Golf Properties
Drive Shack Inc. maintains a portfolio of traditional golf courses across the United States. These properties provide a more classic golfing experience and include several appealing features:
- Full-Length Golf Courses: Designed for golfers of varying skill levels, the courses incorporate challenging layouts that can appeal to beginners as well as seasoned players.
- Pro Shops: On-site retail shops offer a range of golfing gear, apparel, and accessories from leading brands, ensuring that players have access to quality products.
- Golf Instruction: The company provides professional lessons, including group clinics and one-on-one coaching, helping golfers improve their skills with tailored instruction.
- Club Rentals: For those who don’t have clubs or are traveling, Drive Shack’s traditional properties offer rental equipment, making it convenient for spontaneous golf outings.
Debt Investments
This segment represents Drive Shacks strategic financial involvement in the golfing industry:
- Investment in Golf-Related Assets: The company invests in various debt securities tied to golf courses, resorts, and other golf-related enterprises. This allows Drive Shack to diversify its income streams and support the broader golfing ecosystem.
Food and Beverage Services
An integral part of the overall experience, Drive Shack’s food and beverage offerings elevate the customer experience whether at entertainment venues or traditional golf courses:
- Dining Options: Customers can enjoy fine dining, casual meals, and quick snacks at various on-site restaurants and cafes.
- Bar Services: Many locations feature bars offering a selection of beverages, including craft beers, cocktails, and non-alcoholic options, to enhance the overall social experience.
Private Events and Tournaments
Drive Shack Golf Entertainment facilities are conducive to hosting a range of private events and competitions:
- Event Spaces: The venues can be customized to accommodate corporate gatherings, weddings, and other special events, complete with catering options.
- Tournaments: The company organizes competitive tournaments, providing an exciting platform for golfers to showcase their skills, which can include both casual and high-stakes options.
Technology and Gaming
Drive Shack leverages cutting-edge technology to enhance its customers experiences:
- Golf Simulators: Advanced simulators offer realistic golfing conditions, including various course options where players can practice or compete.
- Augmented and Virtual Reality Features: These technologies provide immersive experiences that appeal to both golfers and non-golfers, enriching the entertainment value.
Learning Programs
Drive Shack Inc. places a strong emphasis on developing golfers of all ages through various instructional programs:
- Group Lessons: These sessions cater to different skill levels and promote community engagement among golfers.
- Private Instruction: One-on-one coaching is offered for those seeking personalized attention and tailored training.
- Junior Golf Development: Programs designed specifically for young players aim to create a supportive environment that fosters skill development and a love for the game.
Conclusion
In summary, Drive Shack Inc. presents a comprehensive suite of segments, products, and services that cater to a diverse audience within the golfing community. By combining entertainment, traditional golfing facilities, learning programs, and innovative technology, the company positions itself as a leader in enhancing the golfing experience. Drive Shacks commitment to delivering exceptional service and engaging, memorable experiences places it in a strong position within the evolving landscape of the golf industry.
