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$ELY
Just released earnings and preliminary report looks solid. Here are the highlights. Will post more detailed breakdown once I listen to call
- Q1 2022 consolidated net revenues increased $388.6 million (+59.6% compared to Q1 2021) to $1,040.2 million
- Q1 2022 GAAP net income of $86.7 million and non-GAAP net income of $70.9 million
- Q1 2022 total segment operating income margin improved 140 basis points on a pro forma basis, which includes Topgolf results for the full three-month period (see "Segment Results" below for pro forma results)
- Q1 2022 Adjusted EBITDA increased $42.0 million (+32.9% compared to Q1 2021) to $169.8 million
- Increased full year 2022 revenue outlook to $3,935 million - $3,970 million and Adjusted EBITDA outlook to $535 million - $555 million
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