---
schema_version: "secwatch.filing_event.v1"
accession: "0000020212-26-000023"
form_type: "8-K"
ticker: "CHDN"
cik: "0000020212"
company_name: "Churchill Downs Inc"
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:29:57.144745+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Churchill Downs Q4 revenue record $666M; net income falls 28% to $51.3M; dividend raised 7%

## Summary
- Q4 net revenue $665.9M (+7% YoY); full-year revenue $2,925.9M (+7% YoY).
- Q4 GAAP diluted EPS $0.71 (vs $0.95); adjusted diluted EPS $0.97 (vs $0.92).
- Full-year net income $383.0M (-10.3%); Adjusted EBITDA $1,205.3M (+4%).
- Gaming segment Q4 revenue down $7.2M; Live/Historical Racing revenue up $43.9M.
- Dividend raised 7% to $0.438/share (15th consecutive increase); $32M share repurchases in Q4.

## SEC filing metadata
- accession: 0000020212-26-000023
- form_type: 8-K
- ticker: CHDN
- cik: 0000020212
- company_name: Churchill Downs Inc
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20212/000002021226000023/0000020212-26-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20212/000002021226000023/chdn-20260225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000020212-26-000023
- JSON: https://secwatch.observer/filing/0000020212-26-000023.json
- Plain text: https://secwatch.observer/filing/0000020212-26-000023.txt

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