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Mar 31, 2022
Churchill Downs Q1 2022 Earnings Report
Churchill Downs Incorporated reported record results for the first quarter of 2022.
Key Takeaways
Churchill Downs Incorporated reported record first quarter results, with record net revenue of $364.1 million and net income of $42.1 million. The Gaming segment delivered double digit revenue and Adjusted EBITDA growth. The company also announced a definitive agreement to acquire substantially all of the assets of Peninsula Pacific Entertainment LLC.
Record net revenue of $364.1 million compared to $324.3 million in first quarter 2021
Record net income of $42.1 million compared to $36.1 million in first quarter 2021
Record Adjusted EBITDA of $128.5 million compared to $110.6 million in first quarter 2021
Gaming segment delivered double digit revenue and Adjusted EBITDA growth
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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