Venu Holding Corporation announced its third quarter 2024 results for the period ended September 30, 2024, on December 23, 2024. This marks the company's first earnings report since its initial public offering closed on November 29, 2024.
The company reported a 56% year-over-year increase in revenue and a substantial $83,000,000 increase in total assets. The Ford Amphitheater, an $70 million, 8,000-seat facility, opened in August 2024, hosting 17 shows and welcoming over 96,000 music fans in its limited first season.
Colorado Ford Dealerships secured naming rights for the Ford Amphitheater for ten years with a $13 million purchase. VENU also plans to unveil a $35 million dining and entertainment collection in 2025 adjacent to the Ford Amphitheater, designed for year-round service. Management projects that its initial 11 live entertainment complexes, once fully developed, could generate annual gross receipts exceeding $1.5 billion from approximately 10 million sellable seats per year.
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