On Friday, Venu Holding (AMEX:VENU) discussed first-quarter financial results during its earnings call. The full transcript is provided below.
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Access the full call at https://events.q4inc.com/attendee/966483815
Summary
Venu Holding reported a 25% increase in total assets to $461 million as of March 31, 2026, and completed a capital raise of $86.25 million.
The company is building a new asset class of live entertainment venues with multi-seasonal and multi-configurational designs, leveraging partnerships with municipalities and fractional ownership sales.
Future outlook includes ongoing discussions with over 45 municipalities for new venues and strong interest in venue partnerships, evidenced by over $100 million in negotiated and contractual partnership revenue.
Operational highlights include the success of the Ford Amphitheater and an increase in bookings and talent interest for new venues like Broken Arrow and McKinney.
Management emphasized the progress in developing venue technology, strong partnerships with companies like PepsiCo and Aramark, and a growth strategy focused on expanding venue footprint and partnership opportunities.
Full Transcript
OPERATOR
Good morning and welcome to Venue Holding Corporation’s first quarter, fiscal 2026 financial results and business update. This morning Venue Holding Corporation issued a press release summarizing the company’s 2026 first quarter performance following the filing of its quarterly report on Form 10Q for the period ending March 31, 2026. All participants on today’s call are in listen only mode. Following our prepared remarks, we will open the line for a Q and A session. At this time I would like to turn the call over to Heather Atkinson, Chief Financial Officer of Venue Holding Corporation. Heather, please go ahead.
Heather Atkinson (Chief Financial Officer)
Thank you and good morning everyone. Welcome to Venue Holding Corporation’s first quarter, fiscal 2026 earnings call and business update. On the call today we have our founder, chairman, and CEO J.W. Roth, President Will Hodgens, Chief Operating Officer Vic Fetter and President of Growth and Strategy Terry Liebler. Following the Safe Harbor statement, J.W. will open with highlights from across the business Will Vic and Terry will each provide updates from their areas. I will then walk through our financial results. After that we will open the line for questions. Before we begin, I want to remind everyone that various remarks about future expectations, plans and prospects constitute forward-looking statements for purposes of the Safe Harbor provisions under the Private Securities Litigation Reform act of 1995. Venue cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated, including risks described in the Company’s report on Form 10Q for the quarter ending March 31, 2026 and our other SEC filings, all of which can be reviewed at venue.live or sec.gov any forward-looking statements made on this call speak only as of today, May 15, 2026, venue does not intend to update any forward-looking statements except as required by Federal securities laws. With that, I would like to turn the call over to our founder, chairman, and CEO J.W. Roth.
J.W. Roth (Founder, Chairman, and CEO)
Thank you Heather and thanks a million to everybody that’s joining us today. We had a busy start to fiscal year 2026 as we continue to execute on our strategy to bring a new asset class to live entertainment. Our venues are designed as multi seasonal, multi-configurational spaces with with unparalleled omni-content capabilities intentionally built to maximize utilization and deliver the elevated immersive experience today’s concert goer expects. As I’ve mentioned before, the average amphitheater in the United states is approximately 40 years old and falls well short of modern premium standards. Beyond filling this market gap, we’ve developed a capital efficient model for financing venue construction we build these premium live entertainment venues through three public-private partnerships with municipalities, pre-sale of fractional ownerships in the venues and the sale-leaseback transactions. Roughly 40% of the project construction comes from municipalities in the form of real estate tax incentives and cash. Another 40% comes through the presale of fractional owners ownership and 20% from the sale leaseback of the contributed real estate which typically generates a development profit. We believe this model aligns all parties around the long term success of every venue we build. The first pillar of our development model involves partnerships with forward looking municipalities that recognize the economic value of our venues bring to their local markets. Through these partnerships we negotiate incentive packages that contribute meaningfully to the funding of each venue’s development. We believe there is one aspect of this model which is not fully reflected in our financials. Under standard GAAP accounting rules, any real estate contributed by a municipality sits at basis or zero on our balance sheet. So while we reported total assets of 461 million doll, that number does not include any value for the real estate the municipalities contribute to us. In addition, earlier this year we received an independent appraisal that valued our real estate portfolio at $1.24 billion on an as completed basis. In 24 months we doubled our total assets and today we are having ongoing discussions with with more than 45 municipalities about bringing a venue concept to their city. The second avenue of our model is the presale of Lux Fire Suites in the venues we are developing. This allows investors to grow alongside us while providing a sustainable source of funding for our new venues. Since launch, our presales have generated over $260 million in sales and as we have grown, we’ve expanded our range of offerings to meet demand and give investors at all levels the opportunity to participate. Last month we launched our $300 million triple net inventory with Troy Aikman, a shareholder, a fire Pit suite owner and a partner. Since then we have seen a significant increase in investor leads and earlier this week we launched our firesuite income offering, opening the door to investors seeking a lower entry point into the fractional ownership of our fire suites. The final avenue of our model is the sale leaseback of contributed real estate which typically generates a development profit while allowing us to retain operational control of the venue. This component rounds out the capital stack for developing a venue and reinforces the long term economics of every project that we build as it relates to capital. We are currently in a capital intensive phase as we build what we expect to be the foundation of our platform and entertainment model. In March, we closed out an $86.25 million capital raise in the middle of one of the most volatile market stretches in region history, demonstrating that investors believe in our vision. As we move closer to our venue opening dates, we expect that conviction to continue to build. In summary, Venue is building a new asset class of live entertainment venues to fill a clear gap in the market, and we’re doing so in a capital efficient way. We’re excited and we can’t wait to see what comes next. All right, now I’m going to turn this over to Will, Vic and Terry to talk more about what this past quarter has delivered and what we expect on the horizon. Will
Will Hodgens (President)
thanks jw Good afternoon everyone. I want to give you a real picture of what the booking and talent side of the business looks like right now because there’s a lot of exciting momentum. Let me start with Ford Amphitheater. The 2026 season is underway and booking is still very much active. The calendar continues to build with a number of shows yet to be announced. We continue to expect Ford’s 2026 season to look a lot like prior seasons by the time we’re done. The conversations we are having with promoters and agents reflect the reputation this venue has earned. Ford is a destination and we’re looking forward to a great season. On the new venue side, Broken Arrow is taking shape and we are deep in discussions with artists and promoters about what the inaugural season looks like. While it’s too early to share specifics, I’m pleased to say we are seeing a significant amount of interest in the venue and we look forward to sharing more when the time is right. McKinney is not far behind.. We are already laying the groundwork for booking conversations in that market. Situated just north of Dallas, McKinney represents a significant opportunity given the region’s strong demand for live entertainment. We, along with our operating and booking partner, Live Nation, are actively building relationships today that will allow us to drive meaningful programming from day one. At the club level, Phil Long Music Hall in Colorado Springs and the hall at Bourbon Brothers in Gainesville delivered a consistent quarter of programming and we continue to refine our approach. At both locations, we are focused on finding the right content mix that maximizes both the guest experience and the commercial opportunity. To summarize, talent conversations are strong, our markets are progressing well and we’re entering into the busy …
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