Venu (VENU) investor relations material

Executive summary

• Expanded into Chattanooga, Tennessee, and advanced discussions for a new destination in Northern Colorado, with over 45 municipal conversations ongoing.

• Secured a multi-year, multimillion-dollar naming rights agreement for the Tulsa-area amphitheater, adding high-margin revenue.

• Joined the Russell 3000 and Russell 2000 indices, increasing institutional investor visibility.

• FireSuite and Aikman Club sales surpassed $285 million since launch, reflecting strong demand for experiential offerings.

• Currently in a heavy build phase, with two major venues nearing completion and significant pre-opening expenses.

Financial highlights

• Total assets rose to $511.8 million as of June 30, 2026, up 38% from $370.5 million at year-end 2025.

• Property and equipment increased to $446.2 million, up 46% from $305.9 million at December 31, 2025.

• Luxe FireSuite and Aikman Club sales reached over $278 million in total sales as of June 30, 2026.

• Total revenue for the six months ended June 30, 2026, was $8.5 million, up 7% year-over-year.

• Net loss attributable to common stockholders was $31.9 million for the six months ended June 30, 2026, compared to $29.5 million in the prior year period.

Outlook and guidance

• Expecting to bring $600 million of assets online by Q1 2027, with meaningful cash flow anticipated post-opening.

• Path to profitability projected for late Q2 or early Q3 2027, with financial guidance expected by March 2027.

• Broken Arrow venue expected to open within 90 days, targeting $22 million in first-year EBITDA, stabilizing at $25 million.

• McKinney venue anticipated to finish by March, with first-year EBITDA of $38–$39 million, stabilizing at $45–$46 million.

• First six venues projected to generate $125–$130 million in total EBITDA once fully operational.