Insights into Financial Performance and Strategic Developments
Churchill Downs (CHDN) delivered earnings and revenue surprises of 44.87% and 5.72%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
LOUISVILLE, Ky., April 24, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) (the "Company", "CDI", "we") today reported business results for the first quarter ended March 31, 2024. Company Highlights First quarter results: 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 firs