CHDN Q3 2023 Earnings — Churchill Downs Incorporated Revenue & Financial Results | Market Cap Arena

CHDNChurchill Downs Incorporated

$6B

Q3 2023 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$573M+49.4% YoY

Gross Profit

$164M28.6% margin

Operating Income

$112M19.6% margin

Net Income

$61M10.7% margin

EPS (Diluted)

$0.79

QoQ Revenue Growth

-25.5%

Cash Flow

Operating Cash Flow

$96M

Free Cash Flow

-$90M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$6.8B

Total Liabilities

$5.9B

Stockholders' Equity

$889M

Cash & Equivalents

$130M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$573M	$383M	+49.4%
Gross Profit	$164M	$103M	+59.8%
Operating Income	$112M	$64M	+74.9%
Net Income	$61M	$57M	+7.0%

Revenue Segments

Gaming

$244M40%

Pari-Mutuel, Historical Racing

$187M31%

Pari-Mutuel, Live And Simulcast Racing

$107M18%

Product and Service, Other

$62M10%

Racing Event-Related Services

$5M1%