Churchill Downs Takes Third-Quarter Revenue to Record High

Churchill Downs reported third-quarter revenue of $696 million. This was the highest revenue the company has recorded for a quarter. Compared with the same period last year, revenue rose by $13 million, which represents 2 percent growth.

Adjusted EBITDA is also at a record level. The company reported $264 million for this line item, and the increase was $2 million. In percentage terms, this growth stayed at about 1 percent.

Net income reached a record $80 million. The increase in net income was $42 million. Compared with the small growth in revenue, this jump in profit made a notable difference.

The announcement also mentioned the Thoroughbred Championship Series. However, the article does not include any details about this series.