Churchill Downs Q1 revenue and profit up; acquires Preakness IP for $85M

Churchill Downs Inc

Q1 record net revenue $663M (+3% YoY), net income $83M (+8%), diluted EPS $1.16 vs $1.02.
Adjusted EBITDA record $257M (+5%); adjusted diluted EPS $1.21 vs $1.07.
Entered $85M definitive agreement to acquire Preakness Stakes and Black-Eyed Susan Stakes IP.
Plans $180-200M Rockingham Grand Casino (NH, mid-2027); opened Marshall Yards Racing & Gaming in Feb 2026.
Paid $0.438/share dividend (15th consecutive annual increase); net leverage 3.8x.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Churchill Downs Inc reported the quarter ended March 31, 2026 results: revenue $663 million, net income $83 million, EPS $1.16.

Period: the quarter ended March 31, 2026
Revenue: $663 million
Net income: $83 million
EPS: $1.16
Result: reported results

Exact text from the filing

business results for the quarter ended March 31, 2026. Company Highlights ▪ First quarter 2026 financial results, as compa red to the prior year quarter: ▪ Record net revenue of $663 million, up $20 mil lion or 3% ▪ Net income attributable to CDI of $83 million, up $6 million or 8% ▪ Record Adjusted EBIT DA of $257 million, up $12 million or 5% ▪ On January 12, 2026,

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Source: SEC EDGAR

accession 0000020212-26-000041

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