Churchill Downs Incorporated (CHDN) Q3 2024 Earnings Call Transcript Summary
Churchill Downs Incorporated (CHDN) Q3 2024 Earnings Call Transcript Summary
Virginia HRM properties notably increased adjusted EBITDA by 40% compared to the prior year, realizing savings from the Exacta transaction.The following is a summary of the Churchill Downs Incorporated (CHDN) Q3 2024 Earnings Call Transcript:
以下是Churchill Downs Incorporated（CHDN）2024年第三季度業績會交易摘要：
Financial Performance:
金融業績：
Churchill Downs Incorporated achieved record net revenue and adjusted EBITDA in Q3 2024.
Significant growth driven by the Live and Historical Racing segment and Gaming segment, as well as the TwinSpires segment experiencing record adjusted EBITDA.
Virginia HRM properties notably increased adjusted EBITDA by 40% compared to the prior year, realizing savings from the Exacta transaction.
Revenue and adjusted EBITDA growth in financial results were 10% and 8% respectively on a quarter-over-quarter basis.
Churchill Downs Incorporated在2024年第三季度取得了創紀錄的淨營業收入和調整後的EBITDA。
Live and Historical Racing業務以及Gaming業務的顯著增長，以及TwinSpires業務創下了調整後的EBITDA創紀錄的貢獻。
與去年同期相比，Virginia HRM物業的調整後的EBITDA顯着增加了40%，從Exacta交易中實現了節省。
財務業績中的營業收入和調整後的EBITDA季度環比增長分別爲10%和8%。
Business Progress:
業務進展：
Significant advancements in the Kentucky Derby expansion projects, including the Starting Gate Pavilion.
Opening of new HRM property in Dumfries, Virginia with plans for further expansion in Richmond and a new facility in Henrico County.
Development of new HRM venues in Kentucky scheduled for Owensboro and Calvert City.
Planned introduction of a significant Kentucky Derby qualifying race in Virginia.
肯塔基德比擴建項目取得了重大進展，包括起跑門大廳。
在弗吉尼亞州杜姆弗里斯開設新的HRm物業，並計劃在里士滿進行進一步擴張，以及在亨里科縣建立新設施。
肯塔基州新HRm場所的發展計劃已安排在歐文斯伯勒和卡爾弗特城。
計劃在弗吉尼亞州引入一場重要的肯塔基德比預選賽。
Opportunities:
機會：
Expanding footprint in Virginia with 5,000 HRMs and exploring possibilities for further expansion.
Several multi-year development plans for Churchill Downs Racetrack to enhance customer and spectator experience, targeting a 20% increase in premium seated inventory by 2028.
在弗吉尼亞擴大了5,000個HRMs的足跡，並探索進一步擴張的可能性。
爲了增強顧客和觀衆體驗，爲期數年的多項發展計劃正在推進中，計劃到2028年將churchill downs賽馬場的高檔座位存量增加20%。
Risks:
風險：
Economic challenges and increased competition impacting regional gaming properties.
Ongoing challenges in achieving desired profitability and customer traction for Derby City Gaming Downtown property.
經濟挑戰和增加的競爭對區域型遊戲產生影響。
在實現Derby City Gaming Downtown物業的期望盈利能力和客戶吸引力方面存在持續的挑戰。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
