Press release content from Business Wire. The AP news staff was not involved in its creation. Drive Shack Inc. Announces First Quarter 2021 Results and Preferred Stock Dividends for Second Quarter 2021 May 7, 2021 GMT DALLAS--(BUSINESS WIRE)--May 7, 2021-- Drive Shack Inc. (the “Company”) (NYSE: DS), a leading owner and operator of golf-related leisure and entertainment businesses, today reported its financial results for the first quarter ended March 31, 2021. “2021 is off to a strong start for the year given the performance in both our Drive Shack and American Golf businesses this quarter. We are extremely pleased with our first quarter progress as our results demonstrate impressive momentum in the golf and entertainment sector with nearly a full recovery from the walk-in sales side of our business. Our strong results validate our team’s ability to adapt to the constant changes as well as the wants and needs of our guests,” said Chief Executive Officer and President Hana Khouri. “Total walk-in revenue for the quarter at our Drive Shack venues was 96% of last year’s first quarter levels, the highest we have seen since the onset of the pandemic. We delivered our third consecutive quarter of positive adjusted EBITDA, which increased $7.4 million to $2.7 million this quarter compared to the same quarter last year and continues to be positively impacted by our relentless focus on revenue driving initiatives and continued expense control discipline.”