Description
Overview of 4th quarter of 2023 fiscal year of Churchill Downs Incorporated.
Goals and Objectives of the Research
Research Objective: To perform a comparative analysis of the Q4FY23 quarterly report and those of previous periods.
Research Tasks:
- Gather comprehensive financial and corporate information pertaining to the company for Q4FY23;
- Analyze the collected information;
- Conduct a comparative assessment of the Q4FY23 report with the reports from previous quarters of the current fiscal year and Q4FY22;
- 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 Inc Annual Report Period is from January 1 to December 31, 2023;
- The specified financial year coincides with the calendar year.
Short Insights
- Total net revenue 561.2 million USD, up 16.89% compared to the Q4FY22;
- Net income of 57.6 million USD, up 5,660.0% compared to the Q4FY22;
- Adjusted EBITDA of 219.1 million USD, up 21.25% compared to the Q4FY22;
- Derby City Gaming Downtown opened in Louisville, Kentucky in December 2023.
