---
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"
generated_at: "2026-06-13T02:30:23.114138+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Churchill Downs Q2 revenue record $768.5M; adjusted EBITDA up 25% but net income down on prior-year gain

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000020212-23-000113
- JSON: https://secwatch.observer/filing/0000020212-23-000113.json
- Plain text: https://secwatch.observer/filing/0000020212-23-000113.txt

## Key facts
- Earnings Releases
  Churchill Downs Inc reported the second quarter ended June 30, 2023 results: revenue $768.5 million, net income $143.0 million, EPS $1.86.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $768.5 million
  - Net income: $143.0 million
  - EPS: $1.86
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/20212/000002021223000113/0000020212-23-000113-index.htm

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