GOLF News & Events

Saudi Arabia's sovereign wealth fund, the Public Investment Fund, is considering cutting its support for LIV Golf, people familiar with the matter told Financial Times' Samuel Agini, Arash Massoudi and Sujeet Indap. An announcement on the future of the kingdom's involvement in LIV, which has racked up huge losses since being set up five years ago, could come as soon as Thursday, the sources said. Golf suppliers include Acushnet (GOLF) and Callaway Golf (CALY). Golf broadcasters include Comcast's (CMCSA) NBC, Paramount Skydance (PSKY), Disney's (DIS) ESPN and Fox Corp. (FOXA).

Reports Q4 revenue $477.2M, consensus $453.59M. "Acushnet achieved another positive year in 2025, delivering mid-single digit full year sales growth while making meaningful investments in our product development, manufacturing and supply chain capabilities," said CEO David Maher. "...Golf industry fundamentals are healthy, with the number of golfers increasing and worldwide rounds up approximately 2% in 2025. Our team and partners are ready for 2026 as we look forward to launching a wide range of high-performance equipment...We remain committed to investing in key initiatives, enhancing our operational and service capabilities, and returning capital to shareholders. I want to thank my Acushnet teammates for their commitment to developing innovative products to help dedicated golfers play their best as we seek to drive sustainable growth and create shareholder value."