Positive report despite loss of Big Fish Games contribution following sale to Aristocrat earlier this year
Churchill Downs Incorporated has posted its Q2-2018 results, highlighting the following metrics:
- Net revenue of $379.4 million, 12 percent up on Q2-2017;
- Net income of $103.1 million compared to $78.3 million in the prior year – up 32 percent;
- Income from continuing operations, net of tax was $103.2 million for the second quarter 2018, compared to $72.7 million for the prior year;
- Adjusted net income of $105.2 million compared to $73.3 million in Q2-2017;
- Adjusted EBITDA of $174.5 million, up 13 percent compared with Q2-2017;
- Casino Second Quarter Net revenue $98.2 million ($88.3 million) and Adjusted EBITDA $43.9 million ($37.5 million)
- TwinSpires Net revenue $94.1 million ($80.8 million) and Adjusted EBITDA $23.1 million ($19.3 million)