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Jun 30, 2024
Churchill Downs Q2 2024 Earnings Report
Churchill Downs reported record revenue and Adjusted EBITDA across all reporting segments.
Key Takeaways
Churchill Downs Incorporated reported all-time record net revenue of $890.7 million and net income attributable to CDI of $209.3 million for the second quarter ended June 30, 2024. Adjusted EBITDA reached a record $444.8 million. The company saw revenue and Adjusted EBITDA growth across all reporting segments, driven by a record-breaking Kentucky Derby Week and the opening of the Terre Haute Casino Resort.
Achieved record net revenue of $890.7 million, up from $768.5 million in Q2 2023.
Net income attributable to CDI increased to $209.3 million, compared to $143.0 million in Q2 2023.
Adjusted EBITDA reached a record $444.8 million, up from $363.7 million in Q2 2023.
Kentucky Derby Week generated record all-sources handle and contribution to Adjusted EBITDA.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Churchill Downs Incorporated did not provide specific forward guidance in this earnings report. The report primarily focused on the results of the second quarter of 2024 and recent strategic initiatives.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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