CHDN Q1 2023 Earnings — Churchill Downs Incorporated Revenue & Financial Results | Market Cap Arena

CHDNChurchill Downs Incorporated

$6B

Q1 2023 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$560M+53.7% YoY

Gross Profit

$172M30.7% margin

Operating Income

$120M21.4% margin

Net Income

$156M27.8% margin

EPS (Diluted)

$2.04

QoQ Revenue Growth

+16.5%

Cash Flow

Operating Cash Flow

$216M

Free Cash Flow

$81M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$6.3B

Total Liabilities

$5.6B

Stockholders' Equity

$704M

Cash & Equivalents

$174M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$560M	$364M	+53.7%
Gross Profit	$172M	$93M	+84.5%
Operating Income	$120M	$57M	+109.2%
Net Income	$156M	$42M	+269.8%

Revenue Segments

Gaming

$250M42%

Pari-Mutuel, Historical Racing

$191M32%

Pari-Mutuel, Live And Simulcast Racing

$102M17%

Product and Service, Other

$51M9%

Racing Event-Related Services

$3M0%