earnings
confidence high
sentiment neutral
materiality 0.65
Churchill Downs Q1 revenue record $642.6M (+9% YoY), net income down 5% to $76.7M
Churchill Downs Inc
- Diluted EPS $1.02 vs $1.08 YoY; Adjusted EBITDA $245.1M, up 1%.
- Live & Historical Racing rev $276.4M (+$27.5M) driven by The Rose Gaming Resort and Owensboro opening.
- Gaming rev $267.2M (+$24.0M) on Terre Haute Casino Resort opening; offset by regional softness.
- Board approved new $500M share repurchase program; $89.4M shares repurchased in Q1.
- Pausing three Churchill Downs Racetrack capital projects (The Skye, Conservatory, Infield) due to economic environment.