---
schema_version: "secwatch.filing_event.v1"
accession: "0000020212-25-000065"
form_type: "8-K"
ticker: "CHDN"
cik: "0000020212"
company_name: "Churchill Downs Inc"
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T08:28:30.415412+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Churchill Downs Q1 revenue record $642.6M (+9% YoY), net income down 5% to $76.7M

## Summary
- 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.

## SEC filing metadata
- accession: 0000020212-25-000065
- form_type: 8-K
- ticker: CHDN
- cik: 0000020212
- company_name: Churchill Downs Inc
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20212/000002021225000065/0000020212-25-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20212/000002021225000065/chdn-20250423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000020212-25-000065
- JSON: https://secwatch.observer/filing/0000020212-25-000065.json
- Plain text: https://secwatch.observer/filing/0000020212-25-000065.txt

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