---
schema_version: "secwatch.filing_event.v1"
accession: "0000020212-22-000093"
form_type: "8-K"
ticker: "CHDN"
cik: "0000020212"
company_name: "Churchill Downs Inc"
filed_at: "2022-04-27T23:59:59+00:00"
generated_at: "2026-06-26T04:14:29.029701+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Record Q1 revenue $364.1M, EPS $1.08; announces $2.485B P2E acquisition

## Summary
- Net revenue $364.1M (+12% YoY), net income $42.1M, diluted EPS $1.08 vs $0.91.
- Adjusted EBITDA $128.5M (+16% YoY); Gaming segment revenue grew 16%.
- Announced definitive agreement to acquire P2E for $2.485B; completed $3.2B in financing.
- Completed first two phases of $90M Rivers Des Plaines expansion; agreed to acquire Chasers Poker Room for up to $150M.
- Repurchased 116,863 shares for $25M in Q1; $420.6M remaining under buyback program.

## SEC filing metadata
- accession: 0000020212-22-000093
- form_type: 8-K
- ticker: CHDN
- cik: 0000020212
- company_name: Churchill Downs Inc
- filed_at: 2022-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20212/000002021222000093/0000020212-22-000093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20212/000002021222000093/chdn-20220427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000020212-22-000093
- JSON: https://secwatch.observer/filing/0000020212-22-000093.json
- Plain text: https://secwatch.observer/filing/0000020212-22-000093.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.