---
schema_version: "secwatch.filing_event.v1"
accession: "0000020212-22-000152"
form_type: "8-K"
ticker: "CHDN"
cik: "0000020212"
company_name: "Churchill Downs Inc"
filed_at: "2022-10-26T23:59:59+00:00"
generated_at: "2026-06-23T00:57:26.004091+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Churchill Downs Q3 revenue $383.1M, adj EBITDA record $163.2M; closes Ellis Park buy, $2.75B P2E deal pending

## Summary
- Q3 net revenue $383.1M (down 2.5% YoY); net income $57.0M ($1.49 EPS) vs $61.4M ($1.57 EPS) in Q3 2021.
- Record Q3 Adjusted EBITDA of $163.2M, up from $156.1M YoY; driven by Live & Historical Racing and TwinSpires segments.
- Completed acquisitions of Chasers Poker Room (NH) for ~$150M total and Ellis Park (KY) for $79M cash; expects additional ~$75M investment.
- Signed definitive $2.75B deal to acquire P2E assets (Colonial Downs, HRM venues, del Lago, Hard Rock Sioux City); expected close before end of 2022.
- Annual dividend raised 7% to $0.714/share; repurchased 288,781 shares for $59M in Q3; $300.2M remaining.

## SEC filing metadata
- accession: 0000020212-22-000152
- form_type: 8-K
- ticker: CHDN
- cik: 0000020212
- company_name: Churchill Downs Inc
- filed_at: 2022-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20212/000002021222000152/0000020212-22-000152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20212/000002021222000152/chdn-20221026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000020212-22-000152
- JSON: https://secwatch.observer/filing/0000020212-22-000152.json
- Plain text: https://secwatch.observer/filing/0000020212-22-000152.txt

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