Venu (VENU) Corporate presentation summary

Business model and strategy

• Develops, owns, and operates upscale live entertainment venues and premium hospitality destinations using a REIT-like, experience-driven approach with public/private ownership and fan investment.

• Focuses on underserved markets, partnering with municipalities for economic impact and leveraging public-private partnerships for venue development.

• Financing structure: 40% from municipalities (real estate, incentives, cash), 40% from pre-sale of fractional ownerships (Luxe FireSuites), and 20% from sale-leaseback of contributed real estate.

• Diversifies revenue through ticket sales, premium experiences, F&B, merchandise, sponsorships, and hospitality packages.

• Expanding pipeline with 48 municipalities exploring projects and multiple venues under construction or planned in Texas, Oklahoma, and Colorado.

Market opportunity and competitive positioning

• Targets the growing global live music market, projected to reach $62.6B by 2034, with rising ticket prices and demand for premium experiences.

• Disrupts outdated amphitheater models with state-of-the-art, multi-seasonal venues designed for immersive experiences and revenue capture.

• Focuses on markets with 1M+ population, high growth, disposable income, and no competing venues, ensuring strong demand for premium offerings.

• Partners with industry leaders like Live Nation and AEG Presents for booking and operations, and with major brands for sponsorship.

Financial performance and growth

• Amphitheater operations generated $3.2M net profit in 2025 (18% margin) over 28 shows, up from $1.7M in 2024 (9% margin, 20 shows).

• Luxe FireSuite and Aikman Club sales reached $126.1M in 2025, up 62% from 2024, with the triple-net leaseback model accounting for 25% of sales.

• Total assets grew to $370.5M at year-end 2025, up 108% from 2024; property and equipment increased 123% to $305.9M.

• Ford Amphitheater grossed $15.2M in 2025, selling over 109,000 tickets across 28 shows, with average guest spend of $140.72.