Venu (VENU) Corporate presentation summary

Business model and strategy

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

• Targets underserved, high-growth markets with strong municipal partnerships and innovative financing: 40% from municipalities, 40% from pre-sale of fractional ownerships (Luxe FireSuites), and 20% from sale-leaseback of real estate.

• Diversifies revenue through ticket sales, premium experiences, F&B, merchandise, sponsorships, and partnerships, with a focus on maximizing ancillary income streams.

• Leverages exclusive partnerships with industry leaders like Live Nation and AEG Presents for booking and operations, and collaborates with major brand sponsors.

• Maintains a robust development pipeline, aiming to deliver 1–2 new public-private partnerships per quarter, with over 45 municipalities exploring projects as of Q1 2026.

Financial performance and growth

• Total assets reached $461.3 million as of March 31, 2026, up 25% from year-end 2025; property and equipment increased to $381.6 million.

• Luxe FireSuite and Aikman Club sales exceeded $260 million since launch, with the NNN leaseback model accounting for 47% of Q1 2026 sales.

• Q1 2026 revenue was $3.9 million, up 11% year-over-year; amphitheater operations net profit rose 116% to $409,119.

• Ford Amphitheater grossed $15.2 million in 2025, selling over 109,000 tickets and averaging $156 per fan.

• Highly attractive unit economics: average guest spend at Ford Amphitheater is $140.72, with significant contributions from F&B, merch, and premium upgrades.

Market positioning and competitive advantages

• Disrupts the traditional concert model by offering state-of-the-art, multi-seasonal venues with immersive experiences and premium amenities like Luxe FireSuites and Aikman Clubs.

• Focuses on underserved MSAs with minimum 1M+ population, high growth, and no competing venues, ensuring strong demand for premium offerings.

• Demonstrates operational moat through exclusive partnerships, proven track record, and a differentiated fan-owned, artist-inspired approach.

• Recognized by major media and industry publications, with venues and leadership featured in Billboard, Pollstar, The Wall Street Journal, and more.

• Leadership team brings decades of experience from Live Nation, AEG, and major sports/entertainment venues, supporting execution and growth.