Record Q1 revenue $364.1M, EPS $1.08; announces $2.485B P2E acquisition

Churchill Downs Inc

2022-Q1 EPS reported $1.08 revenue$364,100,000

Net revenue $364.1M (+12% YoY), net income $42.1M, diluted EPS $1.08 vs $0.91.
Adjusted EBITDA $128.5M (+16% YoY); Gaming segment revenue grew 16%.
Announced definitive agreement to acquire P2E for $2.485B; completed $3.2B in financing.
Completed first two phases of $90M Rivers Des Plaines expansion; agreed to acquire Chasers Poker Room for up to $150M.
Repurchased 116,863 shares for $25M in Q1; $420.6M remaining under buyback program.

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