Loading...
•
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.
Revenue by Segment
Forward Guidance
A conference call regarding this news release is scheduled for Thursday, February 27, 2020 at 9 a.m. ET.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...