{"id":216,"date":"2024-06-19T12:10:38","date_gmt":"2024-06-19T09:10:38","guid":{"rendered":"https:\/\/gossipslotsnodepositbonus.icu\/2024\/06\/19\/churchill-downs-incorporated-reports-record-first-quarter-earnings\/"},"modified":"2024-06-20T17:15:22","modified_gmt":"2024-06-20T14:15:22","slug":"churchill-downs-incorporated-reports-record-first-quarter-earnings","status":"publish","type":"post","link":"https:\/\/gossipslotsnodepositbonus.icu\/2024\/06\/19\/churchill-downs-incorporated-reports-record-first-quarter-earnings\/","title":{"rendered":"Churchill Downs Incorporated Reports Record First Quarter Earnings"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/EsrVL4j-OkY\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Churchill Downs Incorporated (CDI) achieved unprecedented financial results in the initial quarter of 2022, generating a net revenue of $364.1 million. This signifies a substantial rise of almost $40 million in contrast to the corresponding timeframe in the previous year.<\/p>\n<p>The Louisville-headquartered enterprise witnessed robust expansion across both its equine racing and wagering divisions. Notably, the wagering sector exhibited remarkable growth, surpassing projections with a net revenue approaching $180 million. This constitutes an increment of over $25 million compared to the first quarter of 2021.<\/p>\n<p>CDI ascribed this triumph to the removal of capacity limitations that were enforced during the first quarter of 2021. This enabled their physical gaming establishments, such as those situated at Oak Grove and Derby City Gaming, to function at maximum capacity, resulting in a surge in earnings. Both live and historical equine racing also reaped the benefits of the lifting of these constraints.<\/p>\n<p>The corporation&#8217;s live and historical racing division also demonstrated commendable performance, yielding $87.2 million in revenue. This marks a considerable enhancement over the $64.7 million acquired during the same interval in the preceding year.<\/p>\n<p>In summary, CDI&#8217;s robust first-quarter performance serves as an encouraging indicator for the company&#8217;s prospects. With the relaxation of pandemic-induced restrictions and the sustained favorability of its wagering and racing offerings, CDI is advantageously situated for sustained expansion in the forthcoming quarters. <\/p>\n<p>Churchill Downs Incorporated announced unprecedented fiscal achievements for the initial quarter of 2022, fueled by the triumph of the Kentucky Derby and robust results across its other operational divisions. <\/p>\n<p>Notwithstanding a marginal decline in income from its digital betting platform, TwinSpires, Churchill disclosed substantial growth in both modified EBITDA (earnings before interest, taxes, depreciation, and amortization) and net earnings. The corporation&#8217;s adjusted EBITDA attained a landmark $128.5 million, while net earnings reached an unparalleled $42.1 million. <\/p>\n<p>TwinSpires yielded $101.4 million in revenue throughout the quarter, a slight decrease from $105 million in the corresponding timeframe last year. Nevertheless, the segment&#8217;s profitability advanced, with adjusted EBITDA climbing from roughly $23 million to $24 million. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Churchill Downs Incorporated (CDI) achieved unprecedented financial results in the initial quarter of 2022, generating a net revenue of $364.1 million. This signifies a substantial rise of almost $40 million in contrast to the corresponding timeframe in the previous year. The Louisville-headquartered enterprise witnessed robust expansion across both its equine racing and wagering divisions. Notably, [&hellip;]<\/p>\n","protected":false},"author":96,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Churchill Downs Inc. Reports Record Revenue in 2022 Q1<\/title>\n<meta name=\"description\" content=\"Giddy up! Churchill Downs galloped to record revenue in the first quarter of 2022, exceeding expectations. Find out how much this iconic company earned and what fueled its impressive growth.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gossipslotsnodepositbonus.icu\/2024\/06\/19\/churchill-downs-incorporated-reports-record-first-quarter-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Churchill Downs Incorporated Reports Record First Quarter Earnings\" \/>\n<meta property=\"og:description\" content=\"Giddy up! Churchill Downs galloped to record revenue in the first quarter of 2022, exceeding expectations. Find out how much this iconic company earned and what fueled its impressive growth.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gossipslotsnodepositbonus.icu\/2024\/06\/19\/churchill-downs-incorporated-reports-record-first-quarter-earnings\/\" \/>\n<meta property=\"og:site_name\" content=\"Where Casino Enthusiasts Gather for Secure &amp; Licensed Fun\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-19T09:10:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:15:22+00:00\" \/>\n<meta name=\"author\" content=\"Lily &quot;Lotus&quot; Boone\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lily &quot;Lotus&quot; Boone\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gossipslotsnodepositbonus.icu\/2024\/06\/19\/churchill-downs-incorporated-reports-record-first-quarter-earnings\/\",\"url\":\"https:\/\/gossipslotsnodepositbonus.icu\/2024\/06\/19\/churchill-downs-incorporated-reports-record-first-quarter-earnings\/\",\"name\":\"Churchill Downs Inc. Reports Record Revenue in 2022 Q1\",\"isPartOf\":{\"@id\":\"https:\/\/gossipslotsnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-19T09:10:38+00:00\",\"dateModified\":\"2024-06-20T14:15:22+00:00\",\"author\":{\"@id\":\"https:\/\/gossipslotsnodepositbonus.icu\/#\/schema\/person\/a8e509c429c865be7a0aefdc096b4dfd\"},\"description\":\"Giddy up! Churchill Downs galloped to record revenue in the first quarter of 2022, exceeding expectations. Find out how much this iconic company earned and what fueled its impressive growth.\",\"breadcrumb\":{\"@id\":\"https:\/\/gossipslotsnodepositbonus.icu\/2024\/06\/19\/churchill-downs-incorporated-reports-record-first-quarter-earnings\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gossipslotsnodepositbonus.icu\/2024\/06\/19\/churchill-downs-incorporated-reports-record-first-quarter-earnings\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/gossipslotsnodepositbonus.icu\/2024\/06\/19\/churchill-downs-incorporated-reports-record-first-quarter-earnings\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/gossipslotsnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Churchill Downs Incorporated Reports Record First Quarter Earnings\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gossipslotsnodepositbonus.icu\/#website\",\"url\":\"https:\/\/gossipslotsnodepositbonus.icu\/\",\"name\":\"Where Casino Enthusiasts Gather for Secure &amp; Licensed Fun\",\"description\":\"Explore the latest trends and opportunities in online gambling with our up-to-date news, honest reviews, and expert articles. Our licensed platform is your gateway to thrilling entertainment.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/gossipslotsnodepositbonus.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/gossipslotsnodepositbonus.icu\/#\/schema\/person\/a8e509c429c865be7a0aefdc096b4dfd\",\"name\":\"Lily \\\"Lotus\\\" Boone\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/gossipslotsnodepositbonus.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/gossipslotsnodepositbonus.icu\/wp-content\/uploads\/sites\/99\/2024\/06\/woman-avatar-96x96.png\",\"contentUrl\":\"https:\/\/gossipslotsnodepositbonus.icu\/wp-content\/uploads\/sites\/99\/2024\/06\/woman-avatar-96x96.png\",\"caption\":\"Lily \\\"Lotus\\\" Boone\"},\"description\":\"Holding a Bachelor's degree in Mathematics and a Master's in Sports Management, this skilled author has a passion for using mathematical and managerial techniques to optimize the performance and profitability of sports betting operations and to enhance the sports betting experience for players and fans. They have expertise in sports analytics, sports marketing, and sports betting operations, which they apply to the analysis of sports betting markets and the development of strategies to improve the efficiency and effectiveness of sports betting products and services. Their articles and reviews provide readers with a sports management perspective on the casino industry and the strategies used to create value and excitement for sports bettors and enthusiasts.\",\"url\":\"https:\/\/gossipslotsnodepositbonus.icu\/author\/tyurtjhfg12345243\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Churchill Downs Inc. Reports Record Revenue in 2022 Q1","description":"Giddy up! Churchill Downs galloped to record revenue in the first quarter of 2022, exceeding expectations. Find out how much this iconic company earned and what fueled its impressive growth.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gossipslotsnodepositbonus.icu\/2024\/06\/19\/churchill-downs-incorporated-reports-record-first-quarter-earnings\/","og_locale":"en_GB","og_type":"article","og_title":"Churchill Downs Incorporated Reports Record First Quarter Earnings","og_description":"Giddy up! Churchill Downs galloped to record revenue in the first quarter of 2022, exceeding expectations. Find out how much this iconic company earned and what fueled its impressive growth.","og_url":"https:\/\/gossipslotsnodepositbonus.icu\/2024\/06\/19\/churchill-downs-incorporated-reports-record-first-quarter-earnings\/","og_site_name":"Where Casino Enthusiasts Gather for Secure &amp; Licensed Fun","article_published_time":"2024-06-19T09:10:38+00:00","article_modified_time":"2024-06-20T14:15:22+00:00","author":"Lily \"Lotus\" Boone","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Lily \"Lotus\" Boone","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/gossipslotsnodepositbonus.icu\/2024\/06\/19\/churchill-downs-incorporated-reports-record-first-quarter-earnings\/","url":"https:\/\/gossipslotsnodepositbonus.icu\/2024\/06\/19\/churchill-downs-incorporated-reports-record-first-quarter-earnings\/","name":"Churchill Downs Inc. Reports Record Revenue in 2022 Q1","isPartOf":{"@id":"https:\/\/gossipslotsnodepositbonus.icu\/#website"},"datePublished":"2024-06-19T09:10:38+00:00","dateModified":"2024-06-20T14:15:22+00:00","author":{"@id":"https:\/\/gossipslotsnodepositbonus.icu\/#\/schema\/person\/a8e509c429c865be7a0aefdc096b4dfd"},"description":"Giddy up! Churchill Downs galloped to record revenue in the first quarter of 2022, exceeding expectations. Find out how much this iconic company earned and what fueled its impressive growth.","breadcrumb":{"@id":"https:\/\/gossipslotsnodepositbonus.icu\/2024\/06\/19\/churchill-downs-incorporated-reports-record-first-quarter-earnings\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gossipslotsnodepositbonus.icu\/2024\/06\/19\/churchill-downs-incorporated-reports-record-first-quarter-earnings\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/gossipslotsnodepositbonus.icu\/2024\/06\/19\/churchill-downs-incorporated-reports-record-first-quarter-earnings\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/gossipslotsnodepositbonus.icu\/"},{"@type":"ListItem","position":2,"name":"Churchill Downs Incorporated Reports Record First Quarter Earnings"}]},{"@type":"WebSite","@id":"https:\/\/gossipslotsnodepositbonus.icu\/#website","url":"https:\/\/gossipslotsnodepositbonus.icu\/","name":"Where Casino Enthusiasts Gather for Secure &amp; Licensed Fun","description":"Explore the latest trends and opportunities in online gambling with our up-to-date news, honest reviews, and expert articles. Our licensed platform is your gateway to thrilling entertainment.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gossipslotsnodepositbonus.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/gossipslotsnodepositbonus.icu\/#\/schema\/person\/a8e509c429c865be7a0aefdc096b4dfd","name":"Lily \"Lotus\" Boone","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/gossipslotsnodepositbonus.icu\/#\/schema\/person\/image\/","url":"https:\/\/gossipslotsnodepositbonus.icu\/wp-content\/uploads\/sites\/99\/2024\/06\/woman-avatar-96x96.png","contentUrl":"https:\/\/gossipslotsnodepositbonus.icu\/wp-content\/uploads\/sites\/99\/2024\/06\/woman-avatar-96x96.png","caption":"Lily \"Lotus\" Boone"},"description":"Holding a Bachelor's degree in Mathematics and a Master's in Sports Management, this skilled author has a passion for using mathematical and managerial techniques to optimize the performance and profitability of sports betting operations and to enhance the sports betting experience for players and fans. They have expertise in sports analytics, sports marketing, and sports betting operations, which they apply to the analysis of sports betting markets and the development of strategies to improve the efficiency and effectiveness of sports betting products and services. Their articles and reviews provide readers with a sports management perspective on the casino industry and the strategies used to create value and excitement for sports bettors and enthusiasts.","url":"https:\/\/gossipslotsnodepositbonus.icu\/author\/tyurtjhfg12345243\/"}]}},"_links":{"self":[{"href":"https:\/\/gossipslotsnodepositbonus.icu\/wp-json\/wp\/v2\/posts\/216"}],"collection":[{"href":"https:\/\/gossipslotsnodepositbonus.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gossipslotsnodepositbonus.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gossipslotsnodepositbonus.icu\/wp-json\/wp\/v2\/users\/96"}],"replies":[{"embeddable":true,"href":"https:\/\/gossipslotsnodepositbonus.icu\/wp-json\/wp\/v2\/comments?post=216"}],"version-history":[{"count":1,"href":"https:\/\/gossipslotsnodepositbonus.icu\/wp-json\/wp\/v2\/posts\/216\/revisions"}],"predecessor-version":[{"id":219,"href":"https:\/\/gossipslotsnodepositbonus.icu\/wp-json\/wp\/v2\/posts\/216\/revisions\/219"}],"wp:attachment":[{"href":"https:\/\/gossipslotsnodepositbonus.icu\/wp-json\/wp\/v2\/media?parent=216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gossipslotsnodepositbonus.icu\/wp-json\/wp\/v2\/categories?post=216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gossipslotsnodepositbonus.icu\/wp-json\/wp\/v2\/tags?post=216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}