Latest news with #leisurefacilities
Arab News
19 hours ago
- Business
- Arab News
Riyadh show addresses KSA's sports infrastructure ambitions
The first edition of FSB Sports Show Riyadh concluded recently, establishing itself as Saudi Arabia's largest trade event dedicated to sports infrastructure, leisure facilities and public spaces. Launched in the leadup to landmark events like the 2029 Asian Winter Games and FIFA World Cup 2034, the exhibition has been timely in meeting the surging demand for sports infrastructure in the Kingdom, further aligning with Saudi Arabia's Quality of Life Program and ongoing stadium and recreational facility development as part of Vision 2030. FSB Sports Show Riyadh, co-located with International Hardware Fair Saudi Arabia, drew significant turnout from government stakeholders, real estate developers, consultants and leisure operators, welcoming more than 13,000 attendees. Visitors included professionals working across stadiums, public parks, schools, and large-scale urban projects, all actively seeking fit-for-purpose, ready-to-deploy solutions. With packed aisles and a busy show floor, the debut edition highlighted how sports and leisure infrastructure is becoming a central pillar in Saudi Arabia's Vision 2030 ambitions. Furthermore, the 'Sport for All' strategy by the Kingdom's government helps promote physical activity, inclusion, and community well-being by expanding access to sports facilities and encouraging participation across all age groups — from popular sports to public urban sports programs. The 2025 edition featured 200 exhibiting companies and brands, with participation from both local and international exhibitors across key product categories, including playground and leisure facilities, urban design and architecture, sports surfaces, pool/spa fitting equipment and sports facilities and equipment. Dedicated country pavilions, including China and Türkiye, showcased innovative solutions in sports flooring, artificial turf, aquatic technologies, outdoor fitness parks, modular structures, urban seating and more. Besides these pavilions, Italy presented the strongest European participation with 13 exhibitors. The Saudi Sports and Leisure Summit addressed key themes such as smart facility management, climate-adaptive design and sustainable and adaptive infrastructure. Speakers from Saudi Sports for All Federation, AtkinsRéalis, Saudi Sports Professionals Network and Levelz Gaming Group led discussions that brought together consultants, policymakers and investors focused on reshaping Saudi Arabia's sports infrastructure through inclusive and accessible spaces. The two-day feature, ActiveSpaces 360, explored practical conversations and discussions on topics including, modular builds, synthetic turf quality, urban activation, and inclusive space planning. Muhammed Kazi, senior vice president — construction, dmg events, said: 'The response to the first edition of FSB Sports Show Riyadh has been phenomenal. It's clear there's a real need for a dedicated trade event that brings together sports infrastructure suppliers and decision-makers, especially as Saudi Arabia accelerates its investments in wellness and active living. We look forward to growing the event even further in 2026 in partnership with Koelnmesse.' Denis Steker, senior vice president, Koelnmesse GmbH, added: 'By connecting international solution providers with Saudi Arabian decision-makers, FSB Sports Show Riyadh has established its role as a go-to sourcing trade exhibition for the Kingdom's sports infrastructure investment drive.'
Yahoo
4 days ago
- Business
- Yahoo
Q1 Leisure Facilities Earnings: Live Nation (NYSE:LYV) Earns Top Marks
As the Q1 earnings season wraps, let's dig into this quarter's best and worst performers in the leisure facilities industry, including Live Nation (NYSE:LYV) and its peers. Leisure facilities companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted their spending from "things" to "experiences". Leisure facilities seek to benefit but must innovate to do so because of the industry's high competition and capital intensity. The 11 leisure facilities stocks we track reported a mixed Q1. As a group, revenues missed analysts' consensus estimates by 1.1% while next quarter's revenue guidance was in line. Luckily, leisure facilities stocks have performed well with share prices up 16.7% on average since the latest earnings results. Owner of Ticketmaster and operator of music festival EDC, Live Nation (NYSE:LYV) is a company specializing in live event promotion, venue management, and ticketing services for concerts and shows. Live Nation reported revenues of $3.38 billion, down 11% year on year. This print fell short of analysts' expectations by 2.8%, but it was still a very strong quarter for the company with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. Interestingly, the stock is up 10.7% since reporting and currently trades at $145.27. Is now the time to buy Live Nation? Access our full analysis of the earnings results here, it's free. Founded by two siblings, European Wax Center (NASDAQ:EWCZ) is a beauty and waxing salon chain specializing in professional wax services and skincare products. European Wax Center reported revenues of $51.43 million, flat year on year, outperforming analysts' expectations by 3.7%. The business had a very strong quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' adjusted operating income estimates. European Wax Center scored the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 46.2% since reporting. It currently trades at $5.76. Is now the time to buy European Wax Center? Access our full analysis of the earnings results here, it's free. Born from the transformation of traditional bowling alleys into modern entertainment destinations, Lucky Strike (NYSE:LUCK) operates bowling alleys and other entertainment venues with upscale amenities, arcade games, and food and beverage services across North America. Lucky Strike reported revenues of $339.9 million, flat year on year, falling short of analysts' expectations by 5.5%. It was a disappointing quarter as it posted a significant miss of analysts' EPS and adjusted operating income estimates. Interestingly, the stock is up 3.5% since the results and currently trades at $9.85. Read our full analysis of Lucky Strike's results here. Formed between the merger of Callaway and Topgolf, Topgolf Callaway (NYSE:MODG) sells golf equipment and operates technology-driven golf entertainment venues. Topgolf Callaway reported revenues of $1.09 billion, down 4.5% year on year. This print beat analysts' expectations by 2.2%. More broadly, it was a satisfactory quarter as it also logged a solid beat of analysts' EPS estimates but full-year EBITDA guidance missing analysts' expectations significantly. Topgolf Callaway had the weakest full-year guidance update among its peers. The stock is up 12.4% since reporting and currently trades at $8.90. Read our full, actionable report on Topgolf Callaway here, it's free. Founded by two brothers who purchased a struggling gym, Planet Fitness (NYSE:PLNT) is a gym franchise that caters to casual fitness users by providing a friendly and inclusive atmosphere. Planet Fitness reported revenues of $276.7 million, up 11.5% year on year. This result missed analysts' expectations by 1.2%. Zooming out, it was a mixed quarter as it also produced an impressive beat of analysts' adjusted operating income estimates but a miss of analysts' EPS estimates. Planet Fitness achieved the fastest revenue growth among its peers. The stock is up 4.5% since reporting and currently trades at $106.33. Read our full, actionable report on Planet Fitness here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
