---
schema_version: "secwatch.filing_event.v1"
accession: "0000020212-23-000130"
form_type: "8-K"
ticker: "CHDN"
cik: "0000020212"
company_name: "Churchill Downs Inc"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T11:52:48.657816+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Churchill Downs Q3 net revenue $572.5M (+49% YoY); record Adjusted EBITDA $218.2M; dividend raised 7%

## Summary
- Record net revenue $572.5M (+49% YoY); net income $61.0M (+7%); diluted EPS $0.79.
- Adjusted EBITDA record $218.2M (+34%); Live & Historical Racing EBITDA +134%, Gaming +10%, TwinSpires +9%.
- Completed Exacta Systems acquisition Aug 22; opened seventh Rosie's in Emporia, VA on Sept 26.
- Annual dividend raised 7% to $0.382/share, payable Jan 5, 2024 to holders of record Dec 1, 2023.
- Repurchased $37.3M in Q3; net bank leverage 4.1x; $232.9M remaining buyback authority.

## SEC filing metadata
- accession: 0000020212-23-000130
- form_type: 8-K
- ticker: CHDN
- cik: 0000020212
- company_name: Churchill Downs Inc
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/20212/000002021223000130/0000020212-23-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20212/000002021223000130/chdn-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000020212-23-000130
- JSON: https://secwatch.observer/filing/0000020212-23-000130.json
- Plain text: https://secwatch.observer/filing/0000020212-23-000130.txt

## Key facts
- Earnings Releases
  Churchill Downs Inc reported third quarter ended September 30, 2023 results: revenue $572.5 million, net income $61.0 million, EPS $0.79.
  - Period: third quarter ended September 30, 2023
  - Revenue: $572.5 million
  - Net income: $61.0 million
  - EPS: $0.79
  - Result: reported results
  source text: CHDN) (the "Company", "CDI") today reported business results for the third quarter ended September 30, 2023. Company Highlights • Third quarter results: – Record net revenue of $572.5 million, up 49% compared to the prior year quarter. – Net income of $61.0 million, up 7% compared to the prior year quarter. – Record Adjusted EBITDA of $218.2 million, up 34% compared
  evidence_url: https://www.sec.gov/Archives/edgar/data/20212/000002021223000130/0000020212-23-000130-index.htm

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