secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Downs Inc (CHDN)
CIK:        0000020212
Form:       8-K
Filed at:   2025-10-22T23:59:59+00:00
Accession:  0000020212-25-000134
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Downs Q3 revenue +9% to $683M, adjusted EBITDA +11% to $262.3M; dividend raised 7%
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- Q3 net revenue $683.0M (+9% YoY); net income $38.1M (-42%) due to $31M non-cash impairment on Chasers' gaming rights.
- Adjusted net income $77.1M (+7%); Adjusted EBITDA $262.3M (+11%).
- Dividend increased 7% to $0.438/share; payable Jan 6, 2026 to holders of record Dec 5, 2025.
- Repurchased $53.5M of stock (515,527 shares) in Q3; $461.5M remaining under July 2025 program.
- Acquired 90% of Casino Salem for $180M; expanded Rosie's Richmond and opened Roseshire Gaming Parlor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/20212/000002021225000134/0000020212-25-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/20212/000002021225000134/chdn-20251022.htm
  HTML page:      https://secwatch.observer/filing/0000020212-25-000134

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