---
schema_version: "secwatch.filing_event.v1"
accession: "0000837465-24-000076"
form_type: "8-K"
ticker: "CALY"
cik: "0000837465"
company_name: "Callaway Golf Co"
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:32:29.691477+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Topgolf Callaway Q3 net loss $3.6M, lowers FY revenue and EBITDA guidance, raises Topgolf EBITDA outlook

## Summary
- Q3 GAAP net loss $3.6M vs net income $29.7M a year ago; diluted EPS -$0.02 vs $0.16.
- Revenue $1,012.9M (-2.7% YoY); Adjusted EBITDA $119.8M (-26.6% YoY).
- Lowered FY 2024 revenue guidance to ~$4.2B and Adj. EBITDA to $560-570M (from $570-590M).
- Raised Topgolf Adj. EBITDA guidance to ~$315M (from ~$310M); Topgolf same-venue sales fell 11%.
- Available liquidity strengthened to $863M (+$129M YoY); inventory down $70M to $666M.

## SEC filing metadata
- accession: 0000837465-24-000076
- form_type: 8-K
- ticker: CALY
- cik: 0000837465
- company_name: Callaway Golf Co
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/837465/000083746524000076/0000837465-24-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/837465/000083746524000076/modg-20241112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000837465-24-000076
- JSON: https://secwatch.observer/filing/0000837465-24-000076.json
- Plain text: https://secwatch.observer/filing/0000837465-24-000076.txt

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