Drive Shack parent Golf Entertainment Group Inc. (OTCQX: GLFE) this afternoon reported 2025 revenue at $343.9 million, compared to $343.6 million in 2024. The company said golf operations revenue increased 2.5% to $258.1 million, driven by continued demand across its American Golf portfolio that oversees 43 golf courses and country clubs nationwide. The division operates a mix of owned, leased, and managed clubs across municipal, daily fee, and private categories. Golf Entertainment Group said American Golf served more than 32,000 members and more than 3.6 million rounds played in 2025.
GLFE stock fell today from an opening of $10.20 per share to $10.
In addition to American Golf, the company operates the Drive Shack and Puttery brands. Drive Shack is a entertainment brand featuring TrackMan-powered hitting bays, while Puttery offers an elevated modern mini golf experience
Without providing much detail, Golf Entertainment Group said it made “meaningful progress’’ in overall profitability, reducing operating loss to $13.8 million from $26.6 million in 2024 and net loss to $27.0 million from $44.5 million.
Capital expenditures totaled $11.3 million, reflecting ongoing investment in course conditions, infrastructure, equipment, and the overall guest experience across the portfolio.