Loading...
•
Mar 31, 2024
Churchill Downs Q1 2024 Earnings Report
Churchill Downs Incorporated reported a record net revenue and Adjusted EBITDA for the first quarter of 2024.
Key Takeaways
Churchill Downs Incorporated reported a record net revenue of $590.9 million, up 6% compared to the prior year quarter. Net income was $80.4 million, down 48% compared to the prior year quarter. Record Adjusted EBITDA was $242.5 million, up 9% compared to the prior year quarter.
Record net revenue of $590.9 million, up 6% compared to the prior year quarter.
Net income of $80.4 million, down 48% compared to the prior year quarter.
Record Adjusted EBITDA of $242.5 million, up 9% compared to the prior year quarter.
Delivered record first quarter revenue and Adjusted EBITDA for both Live and Historical and TwinSpires segments.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Rose Gaming Resort is scheduled to open in late September 2024 with 500 additional HRMs for a total of 1,650 HRMs and $460 million total capital investment. Development plans for Owensboro Racing & Gaming include a planned opening in the first quarter of 2025, including 600 HRMs, a retail sportsbook, simulcast wagering, and multiple food and beverage offerings.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...