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of Venu s Business Business Overview Venu is an entertainment and hospitality holding company based in Colorado Springs, Colorado that designs, develops, owns, and operates (whether directly or through third-party operators) up-scale music venues, multi-season amphitheaters, and full-service restaurants and bars where music, dining, and luxury experiences converge. Since its inception, Venu has…
The business is unprofitable at the operating level (-257.78% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 0.4%, essentially flat. Margins also contracted 104.3pp. This is a business that needs a catalyst.
Negative free cash flow of -$134M. The business is consuming cash, not generating it. Operating margin contracted 104.3pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$21M
▲ +0.4% YoY
Net Income (TTM)
-$38M
▼ -45.3% YoY
Op. Margin
-185.39%
▼ -104.3pp YoY
ROIC
-16.31%
▲ +2.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$177M
▼ -95.0% YoY
Op. Cash Flow (TTM)
$8M
▲ +103.6% YoY
Net Debt
$25M
Cash & Equiv.
$57M
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