Churchill Downs releases Q2-2018 results

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)