The parent company of Churchill Downs, Churchill Downs Incorporated (CDI), has announced impressive results for the first quarter of 2024. The company reported a 6% increase in net revenue, reaching a record-breaking $590.9 million. This growth is a testament to CDI’s strong performance and highlights its continued success in the industry.
Moreover, CDI also revealed a record adjusted EBITDA of $242.5 million for the first quarter of this year, representing a 9% increase compared to the same period in 2023. These outstanding financial figures indicate CDI’s ability to effectively navigate the market and capitalize on growth opportunities. In addition to its financial achievements, CDI remains committed to delivering value to its shareholders.
The parent company of Churchill Downs, Churchill Downs Incorporated (CDI), has announced impressive results for the first quarter of 2024. The company reported a 6% increase in net revenue, reaching a record-breaking $590.9 million. This growth is a testament to CDI’s strong performance and highlights its continued success in the industry.
Moreover, CDI also revealed a record adjusted EBITDA of $242.5 million for the first quarter of this year, representing a 9% increase compared to the same period in 2023. These outstanding financial figures indicate CDI’s ability to effectively navigate the market and capitalize on growth opportunities. In addition to its financial achievements, CDI remains committed to delivering value to its shareholders. The company maintained its dedication to returning capital to shareholders while simultaneously ending the first quarter of 2024 with a net bank leverage of 4.1x. These efforts demonstrate CDI’s commitment to sustainable growth and maintaining a solid financial footing.
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