Churchill Downs Q1 2021 Earnings Report
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.
Churchill Downs
Churchill Downs
Churchill Downs Revenue by Segment
Forward Guidance
A conference call regarding this news release is scheduled for Thursday, April 22, 2021, at 9 a.m. ET.