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Dec 31, 2019
Churchill Downs Q4 2019 Earnings Report
Churchill Downs Incorporated reported a revenue increase of 28% and a record Adjusted EBITDA increase of 72% compared to the prior year quarter.
Key Takeaways
Churchill Downs Incorporated reported strong Q4 2019 results, with a 28% increase in net revenue, a significant rise in Adjusted EBITDA, and strategic acquisitions enhancing its portfolio. Net income attributable to CDI was $4.0 million, compared to $11.4 million in the prior year quarter.
Net revenue increased by 28% year-over-year, reaching $280.6 million.
Net income attributable to CDI was $4.0 million, compared to $11.4 million in the prior year quarter.
Adjusted EBITDA reached a record $73.8 million, a 72% increase over the prior year quarter.
The company completed the acquisition of Turfway Park and experienced sequential growth at Derby City Gaming.
Churchill Downs
Churchill Downs
Churchill Downs Revenue by Segment
Revenue by Segment
Gaming Revenue
CapyFin.com Forward Guidance
A conference call regarding this news release is scheduled for Thursday, February 27, 2020 at 9 a.m. ET.