DRIVE SHACK INC - DSHK STOCK NEWS

Drive Shack Inc. (OTC: DSHK) has announced the release of its financial results for the first and second quarters of 2024. The company's reports cover the three months ended March 31, 2024, and the three and six months ended June 30, 2024. These financial results and accompanying quarterly reports are now accessible to investors and the public through two primary channels:

1. The OTC Markets website: www.otcmarkets.com/stock/DSHK

2. Drive Shack's investor relations website: https://ir.driveshack.com

This release ensures transparency and compliance with financial reporting requirements for Drive Shack Inc., allowing stakeholders to review the company's performance for the first half of 2024.

Drive Shack Inc. (OTCQX: DSHK) has unveiled a major renovation at its West Palm Beach venue, introducing two new Puttery mini-golf courses and enhancing its entertainment offerings. The upgrade includes:

- Two 9-hole Puttery courses: 'Street Art' and 'The Garden'
- New engaging games and a redesigned culinary menu
- Advanced Trackman 4 technology for golf simulation and range analysis
- Modern aesthetic improvements

This marks the first integration of the Puttery brand within a Drive Shack venue, following its success in other major markets. The renovation aims to elevate West Palm Beach's entertainment scene and provide an unparalleled experience for locals and visitors alike.

Drive Shack (OTC: DSHK) released its fourth quarter and full-year 2023 financial results. The company, a leader in golf-related leisure and entertainment, reported financial outcomes for the three and twelve months ending December 31, 2023. The results are available on their investor relations website and OTC landing page. Key businesses include American Golf, Drive Shack, and Puttery. For further details, the annual report can be accessed via links provided in the press release.

Drive Shack Inc. amended and restated its tax benefits preservation plan to accommodate technical changes following its listing on OTCQX and delisting from the NYSE on January 3, 2023. The plan is similar to the one dated May 22, 2022, and a summary is included in compliance with OTCQX listing requirements. Investors can find more information on the company's investor relations website.

Drive Shack Inc. (DSI) opens its flagship Puttery location in New York City, offering a unique mini-golf and nightlife experience in the Meatpacking District. The venue features two nine-hole courses, immersive designs, and a chef-crafted menu with a variety of drinks. Rory McIlroy is an investor in Puttery, contributing to the course design. The expansion to New York City reflects Puttery's success and nationwide growth strategy.

Drive Shack Inc. (DSHK) reported strong financial results for Q3 2023, with an adjusted EBITDA of $10 million and $29 million in the first nine months of 2023. Revenue reached $100 million in Q3 and $276 million in the first nine months, marking a 13% and 14% increase from the same periods in 2022. Traditional golf segment revenue grew by 10% in Q3 and 13% in the first nine months, while entertainment golf segment revenue saw a 27% and 33% increase, driven by new Puttery locations in various cities.

Drive Shack Inc. (DSHK) plans to report its financial results for the quarter ended September 30, 2023, on February 2, 2024, at 4:30 pm. The company is a leading owner and operator of golf-related leisure and entertainment businesses, including American Golf, Drive Shack, and Puttery. The results will be available on the OTCQX landing page and the investor relations website. For more information, visit www.otcmarkets.com/stock/DSHK and https://ir.driveshack.com.

Drive Shack Inc. (DSI) (OTCQX: DSHK) announces the opening of Puttery Miami, its first location in Florida and ninth nationwide. The 17,800 square-foot adult-only space offers a modern, immersive take on mini golf, drawing inspiration from its location in Wynwood. The venue features three themed nine-hole courses and a custom mural by local artist Hiero Veiga.

Drive Shack Inc. reports financial results for Q2 2023