---
schema_version: "secwatch.filing_event.v1"
accession: "0000020212-26-000041"
form_type: "8-K"
ticker: "CHDN"
cik: "0000020212"
company_name: "Churchill Downs Inc"
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T04:56:58.133494+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000020212-26-000041
- form_type: 8-K
- ticker: CHDN
- cik: 0000020212
- company_name: Churchill Downs Inc
- filed_at: 2026-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20212/000002021226000041/0000020212-26-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20212/000002021226000041/chdn-20260422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000020212-26-000041
- JSON: https://secwatch.observer/filing/0000020212-26-000041.json
- Plain text: https://secwatch.observer/filing/0000020212-26-000041.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/20212/000002021226000041/0000020212-26-000041-index.htm

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