After nearly five years of pain for investors, Callaway is selling off control of Topgolf to private equity — and at a significantly discounted valuation than when it was purchased.
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Topgolf Callaway Brands on Tuesday agreed to sell majority stake in its Topgolf unit to private equity firm Leonard Green, in a deal valuing the business at $1.1 billion.
Topgolf Callaway Brands Corp (NYSE:MODG) is in discussions to sell its Topgolf unit to private-equity firm Leonard Green, potentially valuing the business at around $1 billion, the Wall Street Journal reported on Friday. The potential transaction comes more than four years after Callaway acquired Topgolf in 2021 for roughly $2.66 billion, including the unit's debt, in an all-stock deal that later prompted the company to change its name.
The deal would value the high-tech driving ranges at about $1 billion.
Topgolf Callaway (MODG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Topgolf Callaway Brands Corp. ( MODG ) Q3 2025 Earnings Call November 6, 2025 5:00 PM EST Company Participants Katina Metzidakis - Vice President of Investor Relations & Corporate Communications Oliver Brewer - President, CEO & Director Brian Lynch - Executive VP, Chief Legal Officer & CFO Conference Call Participants Eric Wold - Texas Capital Securities, Research Division Simeon Gutman - Morgan Stanley, Research Division Matthew Boss - JPMorgan Chase & Co, Research Division Anna Glaessgen - B. Riley Securities, Inc., Research Division Noah Zatzkin - KeyBanc Capital Markets Inc., Research Division Martin Mitela - Raymond James & Associates, Inc., Research Division Presentation Operator Good day, and welcome to the Topgolf Callaway Brands Third Quarter of 2025 Earnings Conference Call.
While the top- and bottom-line numbers for Topgolf Callaway (MODG) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Topgolf Callaway Brands (MODG) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to earnings of $0.02 per share a year ago.
While the top- and bottom-line numbers for Topgolf Callaway (MODG) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Topgolf Callaway Brands Corp. (NYSE:MODG ) Q2 2025 Earnings Conference Call August 6, 2025 5:00 PM ET Company Participants Arthur Francis Starrs - Chief Executive Officer of Topgolf International, Inc. Brian P. Lynch - Executive VP, Chief Legal Officer & CFO Katina Metzidakis - Vice President of Investor Relations & Corporate Communications Oliver G.
Topgolf Callaway Brands (MODG) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.42 per share a year ago.