---
schema_version: "secwatch.filing_event.v1"
accession: "0000837465-23-000003"
form_type: "8-K"
ticker: "CALY"
cik: "0000837465"
company_name: "Callaway Golf Co"
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T21:12:21.502469+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Topgolf Callaway Brands Q4 revenue up 19.6% to $851M; raises FY2023 outlook

## Summary
- Q4 net revenue $851.3M (+19.6% YoY); net loss $72.7M but operating loss improved 36.6%.
- Full year revenue $3,995.7M (+27.5%), net income $157.9M, Adjusted EBITDA $558.1M (+25.3%).
- Raised FY2023 revenue guidance to $4,415-4,470M (10-12% growth) and Adjusted EBITDA to $620-640M.
- Topgolf segment: 11 new venues opened in 2022; same venue sales +7% vs 2019.
- Q1 2023 revenue expected $1,135-1,155M; Adjusted EBITDA $135-145M.

## SEC filing metadata
- accession: 0000837465-23-000003
- form_type: 8-K
- ticker: CALY
- cik: 0000837465
- company_name: Callaway Golf Co
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/837465/000083746523000003/0000837465-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/837465/000083746523000003/modg-20230209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000837465-23-000003
- JSON: https://secwatch.observer/filing/0000837465-23-000003.json
- Plain text: https://secwatch.observer/filing/0000837465-23-000003.txt

## Key facts
- Earnings Releases
  Callaway Golf Co reported the fourth quarter and fiscal year ended December 31, 2022 results: revenue $851.3 million, net income $(72.7) million. Guidance raised.
  - Period: the fourth quarter and fiscal year ended December 31, 2022
  - Revenue: $851.3 million
  - Net income: $(72.7) million
  - Guidance: raised
  - Result: reported results
  source text: financial results for the fourth quarter and twelve months ended December 31, 2022. The Company posted another strong quarter with a 19.6% increase in revenue year-over-year to $851.3 million, reflecting growth in each operating segment, major product category and region. This revenue growth was achieved despite a $37.8 million negative foreign currency impact on
  evidence_url: https://www.sec.gov/Archives/edgar/data/837465/000083746523000003/0000837465-23-000003-index.htm

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