{"schema_version":"secwatch.filing_event.v1","accession":"0000020212-23-000113","form_type":"8-K","ticker":"CHDN","cik":"0000020212","company_name":"Churchill Downs Inc","filed_at":"2023-07-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.180812+00:00","generated_at":"2026-06-13T02:30:23.114138+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Churchill Downs Q2 revenue record $768.5M; adjusted EBITDA up 25% but net income down on prior-year gain","bullets":["Net revenue $768.5M (record), up 32% YoY; net income $143.0M vs $339.3M due to $193.6M prior-year gain on Calder sale.","Adjusted EBITDA $363.7M (record), up 25% YoY; diluted EPS $1.86 vs $4.39 (adjusted for stock split).","Live and Historical Racing segment revenue $408M (+48%), Adjusted EBITDA $223.5M (+36%), driven by Virginia P2E acquisition and record Derby Week.","Gaming segment revenue $247.9M (+34%), Adjusted EBITDA $123.4M (+16%), driven by P2E New York and Iowa properties.","Closed $600M 6.750% senior notes due 2031; two-for-one stock split effective May 22."],"urls":{"canonical":"https://secwatch.observer/filing/0000020212-23-000113","json":"https://secwatch.observer/filing/0000020212-23-000113.json","markdown":"https://secwatch.observer/filing/0000020212-23-000113.md","text":"https://secwatch.observer/filing/0000020212-23-000113.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/20212/000002021223000113/0000020212-23-000113-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/20212/000002021223000113/chdn-20230726.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:30:23.114138+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cf16aa02555be4b2b2f6b6369e7670f321903402","claim":"Churchill Downs Inc reported the second quarter ended June 30, 2023 results: revenue $768.5 million, net income $143.0 million, EPS $1.86.","evidence_excerpt":"CHDN) (the \"Company\", \"CDI\") today reported business results for the second quarter ended June 30, 2023. Company Highlights • Second quarter results: – Record net revenue of $768.5 million compared to $582.5 million in second quarter 2022 – Net income of $143.0 million compared to $339.3 million in second quarter 2022 – Record Adjusted EBITDA of $363.7 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/20212/000002021223000113/0000020212-23-000113-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$768.5 million"},{"label":"Net income","value":"$143.0 million"},{"label":"EPS","value":"$1.86"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}