CHDN Q2 2023 Earnings — Churchill Downs Incorporated Revenue & Financial Results | Market Cap Arena

CHDNChurchill Downs Incorporated

$6B

Q2 2023 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$769M+31.9% YoY

Gross Profit

$299M38.9% margin

Operating Income

$226M29.4% margin

Net Income

$143M18.6% margin

EPS (Diluted)

$1.86

QoQ Revenue Growth

+37.4%

Cash Flow

Operating Cash Flow

$187M

Free Cash Flow

$10M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$6.6B

Total Liabilities

$5.7B

Stockholders' Equity

$854M

Cash & Equivalents

$374M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$769M	$583M	+31.9%
Gross Profit	$299M	$239M	+24.8%
Operating Income	$226M	$201M	+12.3%
Net Income	$143M	$339M	-57.9%

Revenue Segments

Gaming

$246M31%

Pari-Mutuel, Historical Racing

$191M24%

Pari-Mutuel, Live And Simulcast Racing

$161M20%

Racing Event-Related Services

$138M17%

Product and Service, Other

$68M8%