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Dave & Buster's Entertainment, Inc. logo

Dave & Buster's Entertainment, Inc.

daveandbusters.com

What Do They Do?

Runs Dave & Buster’s and Main Event venues where adults, young adults, and families play arcade games, watch sports, and dine.

How Do They Make Money?

Guests buy game-play credits to activate games; amounts for unused credits and prize tickets become revenue in proportion to how customers use or redeem them.

revenue
SegmentShareRevenue
Entertainment revenues
Usage-based

63%
FY2022: 65%
Food and beverage revenues
37%
FY2022: 35%

Who Are Their Customers?

Guests—young adults and families at Dave & Buster’s, and families with children at Main Event—buy food and entertainment directly at venues; game credits are sold at kiosks, through the mobile app, or by team members.

Do Revenues Turn Into Profits?

No. It lost $48.7M in FY2025.

Operating income, FY2025
4% of revenue
▼ −61% vs FY2024 ($220.4M, 10%)
Net income, FY2025
−2% of revenue
▼ Now a loss vs FY2024 ($58.3M, 3%)
Free cash flow, FY2025
−5% of revenue
▼ −54% (Loss) vs FY2024 (−$217.9M, −10%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Aug 4, 2026
Revenue
▼ −2%
vs $557.4M in Q2 FY2025
Net income
▼ Now a loss
vs $11.4M in Q2 FY2025
Entertainment revenues share of revenue vs 65.4% in Q2 FY2025
  • Aug 4, 2026 Tarun Lal retired as CEO; Darin Harper became CEO Darin Harper succeeded Lal as CEO; Cory Hatton became interim CFO while the company searches for a successor.

Growing. Revenue grew 61% in 4 years, from $1.3B in FY2021 to $2.1B in FY2025, about 13% a year.

Franchise markets The older report described plans to expand in Saudi Arabia, the United Arab Emirates and Egypt; the latest describes franchise agreements in India, Australia, the Dominican Republic, the Philippines and Mexico.

Revenue over time
Entertainment revenues Food and beverage revenues
$2.5B$1.3B$0

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