How did Topgolf Callaway's revenue and expenses trend in Q4 2024?

**Topgolf Callaway's Revenue and Expenses Trends in Q4 2024**: 1. **Revenue Trends**: - The company's total revenue for Q4 2024 was $924.4 million, representing a year-over-year growth of 0.03%. This growth was primarily driven by the Topgolf segment, which saw a 2.11% increase in revenue to $1.73 billion. - Segment-wise, the Apparel and Gear, Accessories, and Other segments contributed significantly, with each reporting the same revenue growth rate of 2.11%. - The Venues segment, which includes Topgolf venues, also showed growth, albeit at a slightly lower rate, with a 1.73 billion revenue. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |MODG|MODG.N|Topgolf Callaway|20240101-2024|Other Business Lines|8.11E7|169| |MODG|MODG.N|Topgolf Callaway|20240101-2024|Gear, Accessories and Other|3.021E8|169| |MODG|MODG.N|Topgolf Callaway|20240101-2024|Gear, Accessories and Other|2.165E8|169| |MODG|MODG.N|Topgolf Callaway|20240101-2024|Gear, Accessories and Other|1.119E8|169| |MODG|MODG.N|Topgolf Callaway|20240101-2024|Golf Clubs|3.459E8|169| |MODG|MODG.N|Topgolf Callaway|20240101-2024|Other Business Lines|1.71E7|169| |MODG|MODG.N|Topgolf Callaway|20240101-2024|Apparel|1.596E8|169| |MODG|MODG.N|Topgolf Callaway|20240101-2024|Golf Balls|1.04E8|169| |MODG|MODG.N|Topgolf Callaway|20240101-2024|Gear, Accessories and Other|1.119E8|169| |MODG|MODG.N|Topgolf Callaway|20240101-2024|Venues|4.057E8|169| |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |MODG|MODG.N|Topgolf Callaway|20231001-2024|Gear, Accessories and Other|3.021E8|169| |MODG|MODG.N|Topgolf Callaway|20231001-2024|Gear, Accessories and Other|2.165E8|169| |MODG|MODG.N|Topgolf Callaway|20231001-2024|Gear, Accessories and Other|1.119E8|169| |MODG|MODG.N|Topgolf Callaway|20231001-2024|Golf Clubs|3.459E8|169| |MODG|MODG.N|Topgolf Callaway|20231001-2024|Other Business Lines|1.71E7|169| |MODG|MODG.N|Topgolf Callaway|20231001-2024|Apparel|1.596E8|169| |MODG|MODG.N|Topgolf Callaway|20231001-2024|Golf Balls|1.04E8|169| |MODG|MODG.N|Topgolf Callaway|20231001-2024|Gear, Accessories and Other|1.119E8|169| |MODG|MODG.N|Topgolf Callaway|20231001-2024|Venues|4.057E8|169| |MODG|MODG.N|Topgolf Callaway|20231001-2024|Gear, Accessories and Other|4.231E8|169| 2. **Expense Trends**: - Topgolf Callaway's Operating Expenses for Q4 2024 were $262.6 million. This includes costs related to the operation of its business segments. - The company did not provide a breakdown of its Operating Expenses by segment, but it is important to note that the company has been successful in reducing its overall expenses, including a significant decrease in net loss to $3.6 million. |code|Ticker|Name|Date|Selling, General, and Administrative Expenses|Interest Expenses|Operating Expenses|market_code| |---|---|---|---|---|---|---|---| |MODG|MODG.N|Topgolf Callaway|2024 Q1|2.73E8|||169| |MODG|MODG.N|Topgolf Callaway|2024 Q2|2.595E8|||169| |MODG|MODG.N|Topgolf Callaway|2024 Q3|2.506E8|||169| |MODG|MODG.N|Topgolf Callaway|2024 Q4|2.626E8|||169| 3. **Comparative Analysis**: - Q4 2024 revenue exceeded Q3 2024 revenue, which was $1.0129 billion. This suggests a seasonal uptick or improved performance in Q4. - The company's Adjusted EBITDA for Q4 2024 was not provided, but the Q3 Adjusted EBITDA was $119.8 million, indicating a strong profitability despite the revenue decline. - The company's liquidity improved significantly, with available liquidity increasing by $129 million year-over-year to $863 million. In conclusion, Topgolf Callaway Brands Corp (MODG) demonstrated steady revenue growth in Q4 2024, driven by its Topgolf segment, and managed expenses effectively, reflecting improved financial health and operational efficiency.