earnings
confidence high
sentiment positive
materiality 0.85
Churchill Downs Q2 2024: record revenue $890.7M, EPS $2.79, Adjusted EBITDA $444.8M
Churchill Downs Inc
- Net revenue $890.7M (record, +16% YoY); net income $209.3M (+46%); diluted EPS $2.79 (vs $1.86).
- Record Adjusted EBITDA $444.8M (+22%); Live & Historical +25%, TwinSpires +36%, Gaming +14%.
- Terre Haute Casino Resort opened April 2024; hotel opened May 2024.
- Signed 7-year NBC agreement for Kentucky Derby Week (2026-2032); record Derby Week handle and EBITDA contribution.
- Repurchased ~93.9k shares for $13M; credit facility amendment extended maturity to 2029.