Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving Venu Holding Corporation and its officers or directors [1][2]. Group 1: Company Financial Performance - Venu conducted its initial public offering (IPO) on November 27, 2024, offering 1.2 million shares at a price of $10.00 per share [2]. - For the third quarter of 2025, Venu reported revenue of $5.38 million, which is a 1.3% decline year-over-year and fell short of consensus estimates by $2.05 million [2]. - Following the financial results announcement, Venu's stock price dropped by $2.37 per share, or 21.45%, closing at $8.68 per share on November 17, 2025 [2]. Group 2: Legal Investigation - Pomerantz LLP is recognized for its expertise in corporate, securities, and antitrust class litigation, having a history of recovering significant damages for victims of securities fraud and corporate misconduct [3]. - The firm is currently focused on claims related to Venu Holding Corporation, indicating potential legal challenges for the company [1][4].

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DENVER, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Venu Holding Corporation (NYSE American: VENU) (“VENU” or “the Company”) is rapidly transforming into a national-scale entertainment-infrastructure owner. However, the market appears to be overly focused on short-term revenue fluctuations and value it like a small-cap construction project, missing the real drivers of long-term value that are unfolding on the balance sheet. With over $1.1 billion in active construction, accelerating asset growth, a proven appraisal u ...

Financial Performance - Net revenue for the three months ended September 30, 2025, was $1,999,169, representing an increase of $392,596 or approximately 24% year over year[10]. - Net revenue for the nine months ended September 30, 2025, was $2,768,463, representing an increase of $1,161,890 or approximately 72% year over year[10]. - Total revenues for the three months ended September 30, 2025, were $5,384,754, a slight decrease from $5,451,975 in the same period of 2024[26]. - The company reported a net loss attributable to common stockholders of $6,464,987 for the three months ended September 30, 2025, compared to $3,932,221 for the same period in 2024, reflecting an increase of 64%[26]. - For the nine months ended September 30, 2025, the net loss was $41,028,537 compared to a net loss of $25,612,656 for the same period in 2024, representing a 60% increase in losses[28]. Assets and Liabilities - Total assets increased to $314.8 million, up $136.3 million or 76% from $178.4 million at year-end 2024[10]. - Total current assets increased to $60,749,007 as of September 30, 2025, from $39,045,688 as of December 31, 2024, reflecting a growth of 55%[23]. - Total liabilities increased to $108,356,430 as of September 30, 2025, from $47,600,277 as of December 31, 2024, marking an increase of 128%[23]. - Cash and cash equivalents increased to $58,181,816 as of September 30, 2025, compared to $37,969,454 as of December 31, 2024, representing a growth of 53%[23]. - The company’s accumulated deficit as of September 30, 2025, was $(83,203,658), compared to $(47,361,208) as of December 31, 2024, indicating a worsening of 76%[23]. Operating Costs and Cash Flow - Operating costs for the three months ended September 30, 2025, totaled $15,356,602, up from $9,128,236 in the same period of 2024, an increase of 68%[26]. - Net cash used in operating activities was $(5,186,884) for the nine months ended September 30, 2025, compared to $13,336,007 provided in 2024[28]. - Cash flows from investing activities resulted in a net cash outflow of $(75,805,333) in 2025, compared to $(61,541,682) in 2024, indicating a 23% increase in cash used for investments[28]. Investments and Financing - The company raised $101,204,579 from financing activities in 2025, a significant increase from $63,801,428 in 2024, reflecting a 58% growth in financing[28]. - The company made a significant investment of $1,999,999 in EIGHT Brewing during the nine months ended September 30, 2025[28]. - The company reported a gain on the sale of 13141 BP amounting to $2,627,990 in 2025[28]. - The company had principal payments on long-term debt totaling $(245,966) in 2025, slightly up from $(232,327) in 2024[28]. Sales and Partnerships - Luxe FireSuite and Aikman Club sales reached $91.1 million through September 30, 2025, up $33.5 million or 58% from $57.6 million for the same period in 2024[10]. - A strategic partnership with Primary Wave Music aims to enhance content offerings at VENU's venues nationwide[3]. - VENU is targeting a total of 40 locations by 2030 and is in discussions with 48 municipalities across the country[7]. Other Financial Metrics - The independent appraisal of the Colorado Springs campus came in at $186 million, a 46% increase over cost[5]. - The company reported a depreciation and amortization expense of $4,080,668 for the nine months ended September 30, 2025, compared to $2,319,513 in 2024, representing a 76% increase[28]. - The weighted average number of shares of common stock outstanding for the three months ended September 30, 2025, was 41,355,312, compared to 3,282,150 for the same period in 2024, showing a significant increase in shares outstanding[26]. - The company issued equity for services amounting to $277,900 in 2025, down from $7,000,000 in 2024, indicating a reduction in service-related equity issuance[28].

Core Insights - Venu Holding Corporation reported a quarterly loss of $0.15 per share, better than the Zacks Consensus Estimate of a loss of $0.21, but worse than a loss of $0.13 per share a year ago, indicating an earnings surprise of +28.57% [1] - The company generated revenues of $5.39 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 42.1% and down from $5.45 million year-over-year [2] - The stock has increased by approximately 24.4% since the beginning of the year, outperforming the S&P 500's gain of 14.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.24 on revenues of $6.7 million, and for the current fiscal year, it is -$1.23 on revenues of $24 million [7] - The estimate revisions trend for Venu Holding Corporation was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market [6] Industry Context - The Hotels and Motels industry, to which Venu Holding Corporation belongs, is currently ranked in the bottom 26% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Another company in the same industry, H World Group, is expected to report quarterly earnings of $0.64 per share, reflecting a year-over-year change of +4.9%, with revenues projected at $944.94 million, up 2.9% from the previous year [9][10]

Financial Data and Key Metrics Changes - Total assets increased to $315 million, up $136 million, or 76%, from $178 million at December 31, 2024 [15] - Property and equipment increased to $250 million, up $113 million, or 82%, from $137 million at December 31, 2024 [15] - Lux Fire Suite and Acme Club sales reached $91 million, up $34 million, or 58%, from $58 million at the same time last year [15] Business Line Data and Key Metrics Changes - Year-to-date suite and acreage club sales generated more than $91 million, reflecting a significant increase in revenue from this segment [7] - The company generated net revenue of $2.0 million for the three months ended September 30, 2025, compared to $1.6 million for the same period in 2024, representing a 24% increase [16] - For the nine months ended September 30, net revenue was $2.8 million, up 72% year-over-year [16] Market Data and Key Metrics Changes - The municipal development pipeline has increased to 48 municipalities exploring projects with the company [5] - The company anticipates opening three new facilities in 2026, followed by another in early 2027 [5] Company Strategy and Development Direction - The company is focused on four strategic priorities: expanding markets, optimizing program and content, growing Fire Suite sales, and unlocking strategic value [4][5] - Partnerships with major brands and artists are central to the company's strategy, enhancing its market presence and brand recognition [9][12] - The company aims to redefine live entertainment through artist-centric and experience-driven destinations [4] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory and the strength of its partnerships, indicating a positive outlook for the future [22] - The company is focused on advancing its omni-content strategy and enhancing private event business, expecting strong performance in the fourth quarter [20] Other Important Information - The company completed a $14 million sale-leaseback transaction, generating a $6.2 million development profit [17] - The company has seen significant media reach, estimating 18.2 billion people reached through press since its IPO [13] Q&A Session Summary Question: Discussion on digital content strategy for 2026 and beyond - Management highlighted the importance of content and the growth in holds for the 2026 season, emphasizing a focus on producing owned content for various platforms [25][26] Question: Plans for property appraisals - Management confirmed that they are in the process of appraising all nine properties, expecting significant valuations that reflect true market values [29][30] Question: Excitement for 2026 - Management expressed enthusiasm for the opening of new multi-seasonal venues, indicating that these developments will change the utilization of amphitheaters and drive revenue growth [34][35]

Core Insights - Venu Holding Corporation reported a significant increase in total assets, reaching $314.8 million, which is a 76% increase or $136.3 million from year-end 2024, indicating strong growth and financial health [1][8] - The company is undergoing a major content evolution with an 'omni-content' strategy aimed at keeping venues active year-round, supported by a strategic partnership with Primary Wave Music [3][10] - Venu has expanded its national footprint by welcoming globally recognized artists as shareholders and advisors, enhancing its market presence and credibility [4][10] Financial Performance - Total assets increased to $314.8 million, up from $178.4 million at the end of 2024, marking a 76% growth [8] - Property and equipment rose to $250.2 million, an 82% increase from $137.2 million at year-end 2024 [8] - Luxe FireSuite and Aikman Club sales reached $91.1 million, a 58% increase from $57.6 million year-over-year [8] - Net revenue for Q3 2025 was $1,999,169, a 24% increase from the same period in 2024, while net revenue for the nine-month period was $2,768,463, representing a 72% year-over-year increase [8] Strategic Developments - The company has taken steps towards a strategic partnership with Primary Wave Music to enhance its content offerings [3][10] - Venu opened the Sunset Hospitality Collection in Colorado Springs, a $44.5 million fine dining and private event destination, further solidifying its market position [22] - The company executed a sale-leaseback on its primary parking structure, generating over $6.2 million in development profit while maintaining operational control [5][10] Market Position and Recognition - Venu has been recognized nationally for its innovative approach to live entertainment, with endorsements from industry leaders and artists [11] - The company is in discussions with 48 municipalities across the country to expand its presence, aiming for a total of 40 locations by 2030 [6][10] - J.W. Roth, the CEO, was named to Billboard's 2025 Touring Power Players List, highlighting his influence in the live entertainment sector [10]

Financial Performance - Total revenues for Q3 2025 were $5,384,754, a slight decrease of 1.2% compared to $5,451,975 in Q3 2024[20] - Net loss for Q3 2025 was $9,292,193, compared to a net loss of $4,527,472 in Q3 2024, reflecting an increase in losses of 105.5%[20] - Operating costs for Q3 2025 totaled $15,356,602, significantly higher than $9,128,236 in Q3 2024, marking a 68.5% increase[20] - The company reported a net loss attributable to common stockholders of $6,464,987 for Q3 2025, compared to $3,932,221 in Q3 2024, an increase of 64.5%[20] - For the nine months ended September 30, 2025, the net loss was $41,028,537 compared to a net loss of $25,612,656 for the same period in 2024, indicating a significant increase in losses[27] - The net loss for the period ending September 30, 2025, was $6,361,487, compared to a net loss of $9,292,193 in the previous period[24] - The company reported a total of 11,240,620 shares issued as warrants during the reporting period[23] - For the three months ended September 30, 2025, the basic and diluted net loss per share of common stock was $(0.15), with a net loss attributable to common stock holders of $(6,303,567) on a weighted average of 41,355,312 shares outstanding[150] - For the nine months ended September 30, 2025, the basic and diluted net loss per share of common stock was $(0.91), with a net loss attributable to common stock holders of $(35,496,219) on a weighted average of 38,957,034 shares outstanding[150] Assets and Liabilities - Total assets reached $314,807,320 as of September 30, 2025, compared to $178,417,515 as of December 31, 2024, indicating a growth of 76.3%[18] - Total liabilities increased to $108,356,430 as of September 30, 2025, up from $47,600,277 as of December 31, 2024, reflecting a rise of 127.6%[18] - As of December 31, 2023, total assets amounted to $121,151,947, with liabilities of $75,173,943, resulting in a total equity of $45,978,004[24] - As of September 30, 2025, total property and equipment net value was $250,191,115, an increase from $137,215,936 as of December 31, 2024[99] - Total liabilities as of December 31, 2024, were $42.46 billion, with long-term liabilities comprising $21.94 billion[94] Cash Flow and Investments - Cash and cash equivalents increased to $58,181,816 as of September 30, 2025, up from $37,969,454 as of December 31, 2024, representing a growth of 53.5%[18] - Net cash used in operating activities was $(5,186,884) for the nine months ended September 30, 2025, compared to $13,336,007 provided in the same period of 2024[27] - Cash flows from investing activities resulted in a net cash outflow of $(75,805,333) for the nine months ended September 30, 2025, compared to $(61,541,682) in 2024[27] - The company raised $101,204,579 from financing activities in the nine months ended September 30, 2025, compared to $63,801,428 in the same period of 2024[27] - The company made a significant investment of $76,428,062 in property and equipment during the nine months ended September 30, 2025[27] Equity and Shareholder Information - The total stockholders' equity increased to $196,325,890 as of September 30, 2025, compared to $130,817,238 as of December 31, 2024, a growth of 50%[18] - The weighted average number of shares of Class B common stock outstanding was 379,990 for Q3 2025, slightly down from 383,656 in Q3 2024[20] - The company issued 2,937,500 shares, raising $32,946,163 through the exercise of warrants[23] - The company issued a total of $18,000,000 in convertible promissory notes with a 12% annual interest rate, maturing three years from issuance, and issued warrants for 900,000 shares at an exercise price of $12.50 per share[124][126] - The Company authorized a Class D common stock of up to 60,000,000 shares, allowing Class B and Class C stockholders to exchange for Class D shares on a 1:1 basis[129] Operational Developments - The company acquired 100% of 13141 BP, LLC on June 26, 2024, which owned the land and buildings used by the company[39] - The Sunset Amphitheater, LLC opened in August 2024, enhancing the company's entertainment offerings[40] - The company plans to develop a new hospitality-focused music venue, Sunset at Broken Arrow, LLC, which broke ground in October 2025[47] - The company is focused on market expansion, particularly in Colorado, Georgia, Oklahoma, and Texas, with plans for additional venues[216] - The company is currently in the construction phase for new venues, with expectations to continue through 2025 and 2026[216] Revenue Streams - Restaurant Operations generated $2,269,005, or 42% of total revenue for the three months ended September 30, 2025, down from 50% in the same period of 2024[190] - Event Operations contributed $1,116,580, or 21% of total revenue for the three months ended September 30, 2025, consistent with the same percentage in 2024[188] - Event center ticket and fees revenue for the nine months ended September 30, 2025, was $5,019,548, an 8% increase from $4,663,228 in 2024[202] - The Ford Amphitheater began generating revenue in Q3 2024, contributing to the company's overall revenue growth strategy[191] Cost Management - General and administrative expenses surged to $25,019,942 for the nine months ended September 30, 2025, compared to $20,351,859 for the same period in 2024, an increase of 23.1%[20] - Total advertising expenses for the three-month period ended September 30, 2025, were approximately $1,269,240, up from $715,380 for the same period in 2024, representing an increase of about 77%[79] - The company is actively seeking cost-saving measures to mitigate the effects of inflation[215] Future Outlook - The company anticipates the opening of Roth's Sea & Steak in late 2025, which is expected to contribute to improved profitability[62] - The company has raised substantial doubt about its ability to continue as a going concern, but management believes that cash on hand and improved profitability will alleviate this concern over the next twelve months[61] - The company does not anticipate operational profits until additional venues are opened and operated[216] - The company expects to amortize long-term licensing liabilities for Sunset at Broken Arrow in summer 2026 and for Sunset at McKinney in Q3/Q4 2026[78]

Core Insights - Venu Holding Corporation has partnered with Billboard to present the inaugural 'Disruptor Award' to Khalid, a GRAMMY-nominated artist known for his genre fluidity and chart-topping hits [1] Company Overview - Venu Holding Corporation operates upscale live music venues and premium hospitality destinations, positioning itself as a key player in the entertainment and hospitality industry [1] Industry Context - The collaboration between Venu and Billboard highlights the intersection of live music and recognition of influential artists, emphasizing the importance of awards in promoting talent within the music industry [1]

Core Insights - Venu Holding Corporation is set to close its first sale-leaseback transaction for a property in Colorado Springs, Colorado, expected in early November 2025 [1] Company Overview - Venu Holding Corporation operates upscale live music venues and premium hospitality destinations [1] - The property involved in the sale-leaseback is a 5.5-acre site that includes the primary parking structure for the Company's Pollstar-nominated venue [1]