NASDAQ$CHDN
Churchill Downs Inc. · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Churchill Downs reported record results driven by live and historical racing segment and Twinspires segment.
Churchill Downs Incorporated reported record second quarter 2022 results, with record net revenue of $582.5 million and record net income of $339.3 million.
- Record second quarter 2022 results were achieved.
- Live and Historical Racing segment delivered record revenue and Adjusted EBITDA, with Adjusted EBITDA up 67% compared to the second quarter of 2021.
- The TwinSpires segment delivered Adjusted EBITDA of $33.9 million, up 38% compared to the second quarter of 2021.
- The company closed on the sale of 115.7 acres of excess land near Calder Casino for $291 million.
Headline financials
Revenue & EPS history
Churchill Downs · Revenue · Quarterly
$583M
Revenue by segment
Churchill Downs · $184M total across 1 segment · Q2 2022
- Gaming$184M-0.9%100.0%
Forward guidance
The company expects to close the P2E Transaction before the end of 2022.
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 Q2 2022
+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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