---
schema_version: "secwatch.filing_event.v1"
accession: "0000020212-24-000069"
form_type: "8-K"
ticker: "CHDN"
cik: "0000020212"
company_name: "Churchill Downs Inc"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:55:10.203838+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Churchill Downs Q1 record revenue $590.9M (+6%); net income down 48% on prior-year gain

## Summary
- Record Q1 net revenue $590.9M (+6% YoY); Adj EBITDA $242.5M (+9% YoY); diluted EPS $1.08 vs $2.05.
- Net income $80.4M (-48% YoY) due to $86.2M after-tax gain on Arlington sale in prior-year quarter.
- Live & Historical revenue +15%, Adj EBITDA +23%; TwinSpires revenue +18%, Adj EBITDA +35% (includes Exacta). Gaming revenue -3% on weather and Lady Luck exit.
- Returned capital: $22M buybacks, $123.75M block repurchase from Duchossois, $0.382 dividend (13th consecutive increase).

## SEC filing metadata
- accession: 0000020212-24-000069
- form_type: 8-K
- ticker: CHDN
- cik: 0000020212
- company_name: Churchill Downs Inc
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20212/000002021224000069/0000020212-24-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20212/000002021224000069/chdn-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000020212-24-000069
- JSON: https://secwatch.observer/filing/0000020212-24-000069.json
- Plain text: https://secwatch.observer/filing/0000020212-24-000069.txt

## Key facts
- Earnings Releases
  Churchill Downs Inc reported the first quarter ended March 31, 2024 results: revenue $590.9, net income $80.4, EPS $1.08.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $590.9
  - Net income: $80.4
  - EPS: $1.08
  - Result: reported results
  source text: CONSOLIDATED RESULTS First Quarter (in millions, except per share data) 2024 2023 Net revenue $ 590.9 $ 559.5 Net income $ 80.4 $ 155.7 Diluted EPS $ 1.08 $ 2.05
  evidence_url: https://www.sec.gov/Archives/edgar/data/20212/000002021224000069/0000020212-24-000069-index.htm

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