earnings
confidence high
sentiment positive
materiality 0.75
Churchill Downs reports record Q4 net revenue $624.2M (up 11%), EPS $0.95
Churchill Downs Inc
- Full-year net revenue $2.7B (+11%), net income $426.8M (+2%), adjusted EBITDA $1.2B (+13%).
- Q4 segment: Live & Historical Racing revenue $275.5M; Gaming revenue $257.5M; Wagering Services $108.0M.
- Opened Terre Haute Casino Resort (Apr 2024), Rose Gaming Resort (Nov 2024), and Owensboro Racing & Gaming (Feb 2025).
- Annual dividend raised 7% to $0.409 per share; 14th consecutive annual increase.
- 2025 project capital expected $350-400M; net bank leverage 4.0x; $149.6M remaining share repurchase authority.