Topgolf Callaway Q3 Results: Revenue Down, Loss Per Share Beats Expectations

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Recorded10 Nov 2025

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Topgolf Callaways Q3 2025 results show revenue of $934M, down 7.8% YoY, but beating expectations. Adjusted loss per share of $0.05 was better than predicted. Positive momentum in Golf Equipment and Topgolf segments, driven by new value offerings and smart operations. Topgolf traffic up significantly, with new offerings like Sunday Funday and weekday discounts. Golf equipment saw gains in clubs and balls, with new product launches helping gain market share. Topgolf Callaway expects Q4 revenue of $783M and raised full-year earnings forecast. Plans to invest in marketing, technology, and efficiency to offset rising tariff costs and work towards potentially separating Topgolf business.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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