Topgolf Callaway Brands (MODG) reported a Q1 non-GAAP earnings late Monday of $0.11 per diluted share, up from $0.08 a year earlier.

Analysts polled by FactSet expected a loss of $0.06.

Net revenue for the quarter ended March 31 was $1.09 billion, down from $1.14 billion a year earlier.

Analysts surveyed by FactSet expected $1.07 billion.

For Q2, the golf equipment manufacturer expects revenue of $1.08 billion to $1.12 billion. Analysts polled by FactSet expect $1.12 billion.

For 2025, the company affirmed revenue guidance of $4 billion to $4.19 billion. Analysts polled by FactSet expect $4.06 billion.

Shares of the company were up over 1% in recent after-hours activity.