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Sep 30, 2020
Churchill Downs Q3 2020 Earnings Report
Churchill Downs reported an increase in revenue and net income compared to the prior year, driven by the rescheduling of the Kentucky Oaks and Derby and strong performance from TwinSpires.
Key Takeaways
Churchill Downs Incorporated reported a 10% increase in net revenue to $337.8 million and a significant increase in net income to $43.2 million for the third quarter of 2020. The company's performance was boosted by the rescheduling of the Kentucky Oaks and Derby and record revenue from TwinSpires.
Net revenue increased by 10% to $337.8 million.
Net income reached $43.2 million, a significant increase from $14.8 million in the prior year quarter.
Adjusted EBITDA increased by 39% to $121.9 million.
TwinSpires achieved record revenue of $116.0 million, up 77% year-over-year.
Revenue by Geographic Location
Forward Guidance
Company did not provide forward guidance in the Q3 2020 Earning Report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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