Venu (VENU) investor relations material

Executive summary

• Achieved significant growth in 2025, with total assets rising 108% year-over-year to $370.5 million, driven by property expansion, strategic partnerships, and operational refinement.

• Raised $86.25 million in a challenging market, with the portfolio appraised at $1.24 billion as-completed.

• Expanded hospitality offerings, launched a new triple-net leaseback model now 25% of Fire Suite sales, and advanced major venue developments in Texas, Colorado, and Oklahoma.

• Forged new partnerships with Live Nation, AEG, Aramark, PepsiCo, and secured high-profile artist and athlete shareholders.

• Targeting 40 locations, with active negotiations in 13 markets and RFPs in 17.

Financial highlights

• Property and equipment increased to $305.9 million, up 123% year-over-year.

• Luxe FireSuite and Aikman Club sales reached $126.1 million, up 62% from 2024.

• Total revenue for 2025 was $17.9 million, nearly flat compared to $17.8 million in 2024.

• Net loss widened to $50.8 million from $32.9 million year-over-year, with operating costs rising to $70.9 million.

• Completed a $14 million sale-leaseback, generating a $6.6 million development profit.

Outlook and guidance

• Expecting further growth in bookings, show count, and average ticket price in 2026.

• Major nationwide sales campaign launching April 15 to drive inventory sales.

• Tulsa and McKinney venues are on track for openings in Fall 2026 and Q1 2027, with Centennial, CO and El Paso, TX expansions underway.

• Continued focus on omni content strategy and AI-driven experiences to drive year-round utilization.

• Anticipating strong demand and artist interest for new venues opening.