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Mar 31, 2021
Churchill Downs Q1 2021 Earnings Report
Churchill Downs experienced significant revenue growth and profitability in Q1 2021, driven by strong performance across all segments.
Key Takeaways
Churchill Downs Incorporated reported a strong first quarter in 2021, with a 28% increase in net revenue to $324.3 million and a significant improvement in net income to $36.1 million compared to a net loss in the prior year quarter. Adjusted EBITDA doubled to $110.6 million, driven by record performances in Derby City Gaming, TwinSpires, and the Gaming segment.
Net revenue increased by 28% year-over-year to $324.3 million.
Net income reached $36.1 million, a significant turnaround from the prior year's net loss of $23.4 million.
Adjusted EBITDA doubled to $110.6 million, reflecting strong operational performance.
Record revenue was achieved in Derby City Gaming and the TwinSpires Horse Racing business.
Revenue by Segment
Forward Guidance
A conference call regarding this news release is scheduled for Thursday, April 22, 2021, at 9 a.m. ET.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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