---
schema_version: "secwatch.filing_event.v1"
accession: "0000020212-24-000053"
form_type: "8-K"
ticker: "CHDN"
cik: "0000020212"
company_name: "Churchill Downs Inc"
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:27:06.220532+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Churchill Downs reports record 2023 revenue $2.5B; Q4 net income $57.6M

## Summary
- Record 2023 net revenue $2.5B, up 36% YoY; Adjusted EBITDA $1.0B, up 34%.
- 2023 net income $417M, down 5% vs $439M prior year; Q4 net income $57.6M vs $1.0M.
- Completed Exacta acquisition Aug 2023; opened Derby City Gaming Downtown Dec 2023.
- Annual dividend raised 7% to $0.382/share, 13th consecutive increase; repurchased $55.3M shares in 2023.
- 2024 project capital expected $450-550M; net bank leverage 4.0x.

## SEC filing metadata
- accession: 0000020212-24-000053
- form_type: 8-K
- ticker: CHDN
- cik: 0000020212
- company_name: Churchill Downs Inc
- filed_at: 2024-02-21T23:59:59+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/20212/000002021224000053/0000020212-24-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20212/000002021224000053/chdn-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000020212-24-000053
- JSON: https://secwatch.observer/filing/0000020212-24-000053.json
- Plain text: https://secwatch.observer/filing/0000020212-24-000053.txt

## Key facts
- Earnings Releases
  Churchill Downs Inc reported the quarter and full year ended December 31, 2023 results: revenue $2,461.7, net income $417.3, EPS $5.49.
  - Period: the quarter and full year ended December 31, 2023
  - Revenue: $2,461.7
  - Net income: $417.3
  - EPS: $5.49
  - Result: reported results
  source text: increased dividend per share. CONSOLIDATED RESULTS Fourth Quarter Years Ended December 31, (in millions, except per share data) 2023 2022 2023 2022 Net revenue $ 561.2 $ 480.1 $ 2,461.7 $ 1,809.8 Net income $ 57.6 $ 1.0 $ 417.3 $ 439.4 Diluted EPS $ 0.76 $ 0.01 $ 5.49 $ 5.71 Adjusted EBITDA (a) $ 219.1 $ 180.7 $ 1,023.9 $ 763.6 (a) This is a non-GAAP measure. See
  evidence_url: https://www.sec.gov/Archives/edgar/data/20212/000002021224000053/0000020212-24-000053-index.htm

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