NASDAQ$CHDN
Churchill Downs Inc. · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Churchill Downs Incorporated reported a record net revenue and Adjusted EBITDA for the first quarter of 2024.
Churchill Downs Incorporated reported a record net revenue of $590.9 million, up 6% compared to the prior year quarter. Net income was $80.4 million, down 48% compared to the prior year quarter. Record Adjusted EBITDA was $242.5 million, up 9% compared to the prior year quarter.
- Record net revenue of $590.9 million, up 6% compared to the prior year quarter.
- Net income of $80.4 million, down 48% compared to the prior year quarter.
- Record Adjusted EBITDA of $242.5 million, up 9% compared to the prior year quarter.
- Delivered record first quarter revenue and Adjusted EBITDA for both Live and Historical and TwinSpires segments.
Headline financials
Revenue & EPS history
Churchill Downs · Revenue · Quarterly
$591M
Revenue by segment
Churchill Downs · $245M total across 1 segment · Q3 2023
- Gaming$245M+33.5%100.0%
Forward guidance
The Rose Gaming Resort is scheduled to open in late September 2024 with 500 additional HRMs for a total of 1,650 HRMs and $460 million total capital investment. Development plans for Owensboro Racing & Gaming include a planned opening in the first quarter of 2025, including 600 HRMs, a retail sportsbook, simulcast wagering, and multiple food and beverage offerings.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+1.2%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+3.1%
Avg return
30 days after
60%
39 / 65 earnings
Positive
+14.0%
Q3 2011
Best reaction
-16.2%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.1% | +10.5% | -6.4% | |
| Q4 2025 | -6.1% | -2.8% | -12.1% | |
| Q3 2025 | +7.5% | +3.5% | +10.4% | |
| Q1 2025 | -16.2% | -13.0% | -11.2% | |
| Q4 2024 | -0.4% | -4.4% | -6.2% | |
| Q3 2024 | +4.4% | +5.2% | +5.7% | |
| Q2 2024 | -2.6% | +2.3% | -2.4% | |
| Q1 2024 | +4.6% | +5.4% | +7.7% | |
| Q4 2023 | +3.1% | +3.9% | +1.3% | |
| Q3 2023 | -3.0% | -2.2% | +8.3% | |
| Q2 2023 | -8.9% | -11.2% | -5.0% | |
| Q1 2023 | +13.2% | +17.5% | +8.4% | |
| Q4 2022 | +0.7% | +0.7% | +0.0% | |
| Q3 2022 | -4.9% | -0.1% | +7.5% | |
| Q2 2022 | +0.9% | -2.5% | -4.3% | |
| Q1 2022 | +3.9% | +5.6% | +1.1% | |
| Q4 2021 | +1.9% | +12.3% | +4.4% | |
| Q3 2021 | -5.7% | -4.8% | -8.8% | |
| Q2 2021 | -1.1% | -1.8% | +11.1% | |
| Q1 2021 | +0.9% | +2.4% | -8.3% | |
| Q4 2020 | +0.6% | +4.2% | +2.2% | |
| Q3 2020 | -6.6% | -6.8% | +12.7% | |
| Q2 2020 | +10.6% | +14.2% | +41.5% | |
| Q1 2020 | -1.8% | -7.7% | +30.1% | |
| Q4 2019 | -7.6% | -14.5% | -37.4% | |
| Q3 2019 | -2.0% | -6.4% | -2.0% | |
| Q2 2019 | +2.9% | -6.4% | +0.4% | |
| Q1 2019 | +5.3% | +13.8% | +7.6% | |
| Q4 2018 | -4.0% | -7.3% | -7.6% | |
| Q3 2018 | +11.0% | +9.9% | +13.9% | |
| Q2 2018 | -2.4% | -1.8% | -1.2% | |
| Q1 2018 | +7.4% | +7.3% | +19.8% | |
| Q4 2017 | -0.0% | +3.4% | -4.8% | |
| Q3 2017 | +0.4% | +2.0% | +11.8% | |
| Q2 2017 | +2.1% | +0.6% | +4.1% | |
| Q1 2017 | +1.4% | -2.0% | -0.4% | |
| Q4 2016 | -0.4% | -1.0% | +3.9% | |
| Q3 2016 | -2.9% | -3.6% | +12.1% | |
| Q2 2016 | +6.7% | +8.6% | +14.4% | |
| Q1 2016 | -6.9% | — | — | |
| Q4 2015 | +4.4% | — | — | |
| Q3 2015 | +4.3% | — | — | |
| Q2 2015 | +5.7% | — | — | |
| Q1 2015 | +5.0% | — | — | |
| Q4 2014 | +3.3% | — | — | |
| Q3 2014 | -0.9% | — | — | |
| Q2 2014 | +0.1% | — | — | |
| Q1 2014 | -0.9% | — | — | |
| Q4 2013 | -1.5% | — | — | |
| Q3 2013 | -2.3% | — | — | |
| Q2 2013 | +3.3% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q4 2012 | +1.9% | — | — | |
| Q3 2012 | -3.9% | — | — | |
| Q2 2012 | +4.1% | — | — | |
| Q1 2011 | +5.2% | — | — | |
| Q1 2012 | +5.2% | — | — | |
| Q4 2011 | +8.3% | — | — | |
| Q3 2010 | +14.0% | — | — | |
| Q3 2011 | +14.0% | — | — | |
| Q4 2010 | +1.4% | — | — | |
| Q2 2011 | +1.4% | — | — | |
| Q2 2010 | +1.4% | — | — | |
| Q4 2009 | +1.4% | — | — | |
| Q1 2010 | -3.8% | — | — |
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