---
schema_version: "secwatch.filing_event.v1"
accession: "0000837465-22-000023"
form_type: "8-K"
ticker: "CALY"
cik: "0000837465"
company_name: "Callaway Golf Co"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T10:42:23.479891+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Topgolf Callaway Q3 revenue up 15.4% to record $988.5M; raises FY2022 guidance

## Summary
- Q3 2022 revenue $988.5M (+15.4% YoY, +21.3% constant currency); GAAP net income $38.5M vs $16.0M loss in Q3 2021.
- Non-GAAP net income $44.6M (+69.6% YoY); Adjusted EBITDA $144.4M (+4.0% YoY, +22.7% constant currency).
- Topgolf segment revenue $413.8M (+24% YoY); same-venue sales +11% vs Q3 2019.
- FY2022 revenue guidance raised to $3,965M-$3,985M; Adjusted EBITDA guidance raised to $560M-$570M.
- FY2023 outlook: ~$600M Adjusted EBITDA, revenue growth ~10% YoY (~13% constant currency).

## SEC filing metadata
- accession: 0000837465-22-000023
- form_type: 8-K
- ticker: CALY
- cik: 0000837465
- company_name: Callaway Golf Co
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/837465/000083746522000023/0000837465-22-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/837465/000083746522000023/modg-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000837465-22-000023
- JSON: https://secwatch.observer/filing/0000837465-22-000023.json
- Plain text: https://secwatch.observer/filing/0000837465-22-000023.txt

## Key facts
- Earnings Releases
  Callaway Golf Co reported third quarter of 2022 results: revenue $988.5 million, net income $38.5 million, EPS $0.20. Guidance raised.
  - Period: third quarter of 2022
  - Revenue: $988.5 million
  - Net income: $38.5 million
  - EPS: $0.20
  - Guidance: raised
  - Result: reported results
  source text: Third Quarter Revenue Increase Driven by Strength Across All Segments Introduces Full Year 2023 Revenue and Adjusted EBITDA Outlook • Q3 2022 consolidated net revenues of $988.5 million, an increase of 15.4%, or 21.3% on a constant currency basis, compared to Q3 2021 • Q3 2022 GAAP income from operations of $68.2 million, a decrease of 10.3%, compared to Q3
  evidence_url: https://www.sec.gov/Archives/edgar/data/837465/000083746522000023/0000837465-22-000023-index.htm
- Earnings Releases
  Callaway Golf Co updated its full year 2022 guidance (raised).
  - Period: full year 2022
  - Guidance: raised
  - Result: guidance update
  source text: Increased full year 2022 revenue outlook to $3,965 million - $3,985 million and Adjusted EBITDA outlook to $560 million - $570 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/837465/000083746522000023/0000837465-22-000023-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.