Dave & Buster's Entertainment, Inc. - PLAY STOCK NEWS

Dave & Buster’s Entertainment reported robust fourth quarter and fiscal year 2022 results, showcasing significant growth. Total revenue reached $563.8 million, a 64.3% increase from Q4 2021, with pro forma comparable store sales rising 19.0%. Net income surged to $39.1 million or $0.80 per diluted share. For the full year, revenue hit $2.0 billion, climbing 50.6% year-over-year, and adjusted EBITDA totaled $480.4 million, up 42.8%. The Company also announced a $100 million share repurchase program and achieved its $25 million annual synergy target ahead of schedule.

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) announced it will release its financial results for the fourth quarter and fiscal year ending January 29, 2023, on March 28, 2023, after market close. A conference call will follow at 4:00 p.m. CT to discuss the results, accessible by calling 877-883-0383 or 412-902-6506. A live webcast will also be available on the Company’s Investor Relations website. Founded in 1982, Dave & Buster's operates 204 venues across North America, providing guests with dining and entertainment experiences through its two brands: Dave & Buster’s and Main Event.

Dave & Buster's Entertainment (NASDAQ: PLAY) has launched Dave & Buster's World on Roblox, marking its entry into the metaverse. This immersive experience reflects the company's arcade culture and allows users to engage in multi-user gaming. The platform features adaptations of classic arcade games such as GridIron Blitz™ and original titles like Zombie Survival. By leveraging Roblox's audience of over 58 million daily users, particularly targeting the 17-24 age group, Dave & Buster's aims to enhance guest connections both online and in-store. This initiative underlines the company’s commitment to innovation in interactive experiences.

Dave & Buster's reported strong Q3 2022 results, highlighting record revenue of $481.2 million, a 51.3% increase from Q3 2021. The company successfully integrated Main Event stores, achieving $17 million in cost savings towards a target of $25 million. Adjusted EBITDA rose to $90 million, up 31.9% year-over-year. The net income was $1.9 million, reflecting challenges compared to $10.6 million in Q3 2021. Liquid assets totaled $599.3 million, including $108.2 million in cash. Overall, the outlook remains positive with ongoing sales growth.

Dave & Buster's is launching the "Impossible Holiday Hangout" contest to reunite friends this holiday season. Running from December 5 to December 12, participants can submit a 15-second video for a chance to win an all-expenses-paid weekend in Kansas City for four friends. The prize includes airfare, lodging, unlimited games, and food at a Dave & Buster's location. This promotional event emphasizes the company's focus on creating memorable experiences and fostering connections during the holidays.

DAVE & BUSTER'S Entertainment, Inc. (NASDAQ:PLAY) will disclose its third-quarter financial results for the period ending October 30, 2022, after market close on December 6, 2022. A conference call to discuss the results will follow at 4:00 p.m. Central Time. Investors can join the call via toll-free or international numbers and access a replay for one year. The company operates 203 venues across North America under the Dave & Buster's and Main Event brands, providing dining and entertainment experiences.

Stride Esports and Dave & Buster's Entertainment (NASDAQ: PLAY) are launching live education nights in Las Vegas, aimed at engaging young gamers aged 8 to 25. The events will feature educational gameplay, with participants receiving a $20 gift card, subject to availability. Scheduled for October 21, 26, and 27, this collaboration intends to expand to more markets in 2023. The esports industry is projected to grow to $3 billion in 2022, highlighting significant opportunities for educational and career development within the sector.