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Jun 30, 2021
Churchill Downs Q2 2021 Earnings Report
Churchill Downs reported record net revenue and Adjusted EBITDA, driven by strong performance across all segments, including the successful running of the Kentucky Oaks and Derby with capacity restrictions.
Key Takeaways
Churchill Downs Incorporated reported record second-quarter results, with significant increases in net revenue, net income, and Adjusted EBITDA compared to the prior year. The company benefited from the running of the Kentucky Oaks and Derby with capacity restrictions, strong performance at Derby City Gaming and Oak Grove, and record results from its gaming properties.
Record net revenue of $515.1 million compared to $185.1 million in the prior year quarter.
Net income of $108.3 million compared to a net loss of $118.8 million in the prior year quarter.
Record Adjusted EBITDA of $233.3 million compared to $30.1 million in the prior year quarter.
Gaming delivered record net revenue and record Adjusted EBITDA.
Churchill Downs
Churchill Downs
Churchill Downs Revenue by Segment
Revenue by Segment
Gaming Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the release.