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Jun 30, 2022
Churchill Downs Q2 2022 Earnings Report
Churchill Downs reported record results driven by live and historical racing segment and Twinspires segment.
Key Takeaways
Churchill Downs Incorporated reported record second quarter 2022 results, with record net revenue of $582.5 million and record net income of $339.3 million.
Record second quarter 2022 results were achieved.
Live and Historical Racing segment delivered record revenue and Adjusted EBITDA, with Adjusted EBITDA up 67% compared to the second quarter of 2021.
The TwinSpires segment delivered Adjusted EBITDA of $33.9 million, up 38% compared to the second quarter of 2021.
The company closed on the sale of 115.7 acres of excess land near Calder Casino for $291 million.
Revenue by Segment
Forward Guidance
The company expects to close the P2E Transaction before the end of 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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