Description
Overview of Churchill Downs Incorporated Q3FY24 Report
Goals and Objectives of the Research
Research Objective: To perform a comparative analysis of the Q3FY24 quarterly report and those of previous periods.
Research Tasks:
- Gather comprehensive financial and corporate information pertaining to the company for Q3FY24;
- Analyze the collected information;
- Conduct a comparative assessment of the Q3FY24 report with the reports from previous quarters of the current fiscal year and Q3FY23;
- Formulate conclusions based on the analyzed data.
Disclaimers
The information collected in this report reflects data from the company's public reports and is not questioned or verified via other sources. In other words, information from the company's public reports is taken and used as is.
If additional information from other sources is used or if the data used is reflective of the researcher's personal opinion, this will be labeled accordingly.
The provided public company quarterly reports are unaudited.
Document Markup
- FY - Financial Year;
- Q - Quarter;
- CDI - Churchill Downs Incorporated;
- HRM - Historical Racing Machines;
- QoQ - Quarter-over-Quarter;
- This report uses the American number format: a period is used as the decimal separator, while commas separate thousands;
- Year-over-year (YoY) calculations of relative values were not performed in cases where last year's profit changed to a loss in the current year and vice versa within the scope of the current report;
- Churchill Downs Incorporated Q3FY24 Report Period is from July 1 to September 30, 2024.
Short Insights
- Net revenue was 628.5 million USD, up 9.78% compared to Q3FY23;
- Net income attributable to CDI of 65.4 million USD, down 68.75% compared to Q2FY24, which amounted to 209.3 million USD;
- Gaming revenue reached 269.7 million USD;
- In the Q3FY24 CDI opened The Rose Gaming Resort in Dumfries, Virginia on October 23, 2024, with 1,650 historical racing machines and a 102-room hotel.
