Highest-materiality recent filing
Churchill Downs reports record Q2 revenue $980M, net income $241M, Derby Week record
All-time record net revenue $980M (+5% YoY), net income $241M (+11%), diluted EPS $3.42.
Churchill Downs explores sale of eight regional gaming properties
Company completed comprehensive portfolio review and is exploring sale of eight wholly owned regional casinos and racetracks.
Churchill Downs Q1 revenue and profit up; acquires Preakness IP for $85M
Q1 record net revenue $663M (+3% YoY), net income $83M (+8%), diluted EPS $1.16 vs $1.02.
Churchill Downs Q4 revenue record $666M; net income falls 28% to $51.3M; dividend raised 7%
Q4 net revenue $665.9M (+7% YoY); full-year revenue $2,925.9M (+7% YoY).
Churchill Downs Q3 revenue +9% to $683M, adjusted EBITDA +11% to $262.3M; dividend raised 7%
Q3 net revenue $683.0M (+9% YoY); net income $38.1M (-42%) due to $31M non-cash impairment on Chasers' gaming rights.
Churchill Downs Q2 2025: record revenue $934.4M, EPS $2.99, acquires Casino Salem for $180M
Net revenue $934.4M (+5% YoY), diluted EPS $2.99 (+$0.20), record Adjusted EBITDA $450.9M (+$6.1M).
Churchill Downs to acquire 90% of Casino Salem for $180M cash
Acquires 90% equity in Salem, NH casino joint venture for $180M cash; will develop HHR gaming and entertainment venue.
Churchill Downs Q1 revenue record $642.6M (+9% YoY), net income down 5% to $76.7M
Diluted EPS $1.02 vs $1.08 YoY; Adjusted EBITDA $245.1M, up 1%.
Churchill Downs announces new $500M share repurchase program, replacing prior authorization
$500M share repurchase program authorized by Board of Directors, replacing September 2021 program.
Churchill Downs reports record Q4 net revenue $624.2M (up 11%), EPS $0.95
Full-year net revenue $2.7B (+11%), net income $426.8M (+2%), adjusted EBITDA $1.2B (+13%).
Churchill Downs Q3: record revenue $628.5M, adj. EBITDA $235.3M; dividend up 7%
Net revenue $628.5M (+10% YoY), net income $65.4M (+7%), diluted EPS $0.86 vs $0.79.
Churchill Downs Q2 2024: record revenue $890.7M, EPS $2.79, Adjusted EBITDA $444.8M
Net revenue $890.7M (record, +16% YoY); net income $209.3M (+46%); diluted EPS $2.79 (vs $1.86).
Churchill Downs Q1 record revenue $590.9M (+6%); net income down 48% on prior-year gain
Record Q1 net revenue $590.9M (+6% YoY); Adj EBITDA $242.5M (+9% YoY); diluted EPS $1.08 vs $2.05.
Churchill Downs reports record 2023 revenue $2.5B; Q4 net income $57.6M
Record 2023 net revenue $2.5B, up 36% YoY; Adjusted EBITDA $1.0B, up 34%.
Record net revenue $572.5M (+49% YoY); net income $61.0M (+7%); diluted EPS $0.79.
Churchill Downs completes $250M cash acquisition of Exacta Systems
Total consideration $250M in cash, subject to working capital adjustments.
Net revenue $768.5M (record), up 32% YoY; net income $143.0M vs $339.3M due to $193.6M prior-year gain on Calder sale.
Churchill Downs partnership signs $562M casino host agreement with Richmond, VA
50/50 partnership with Urban One's RVA Entertainment Holdings enters Host Community Agreement with Richmond, VA.
Churchill Downs Q1 net revenue $559.5M record; net income $155.7M; EPS $4.09
Record net revenue $559.5M (+54% YoY); net income $155.7M vs $42.1M; diluted EPS $4.09 vs $1.08.
Churchill Downs issues $600M of 6.750% senior notes due 2031
Issued $600M of 6.750% senior notes due 2031 with interest payable May 1 and Nov 1.
Churchill Downs prices $600M of 6.750% senior notes due 2031 to repay term loan
$600M aggregate principal, 6.750% senior notes due 2031, priced at 100% of par.
Churchill Downs proposes $600M senior notes due 2031 to refinance Term Loan B
$600M aggregate principal of senior notes due 2031 in a private offering.
Churchill Downs reports record 2022 revenue $1.81B (+13% YoY), net income $439.4M (+76% YoY)
Record 2022 net revenue $1,809.8M (+13% YoY); net income $439.4M (+76% YoY); Adjusted EBITDA $763.6M (+22% YoY).
Churchill Downs acquires Exacta Systems for $250M cash; HHR platform expansion
Acquires Exacta Systems for $250M in cash; expected to close in 2023 subject to regulatory approvals.
Churchill Downs completes $2.75B acquisition of Peninsula Pacific Entertainment assets
Acquired Colonial Downs, six Rosie's HRM venues in Virginia, del Lago Resort & Casino (NY), Hard Rock Hotel & Casino (IA).
Q3 net revenue $383.1M (down 2.5% YoY); net income $57.0M ($1.49 EPS) vs $61.4M ($1.57 EPS) in Q3 2021.
Amendment to Purchase Agreement with Peninsula Pacific Entertainment (P2E) includes Hard Rock Sioux City real property in transaction, total consideration $2.75 billion.
Churchill Downs Q2 2022: Record revenue $582.5M, EPS $8.79, Adjusted EBITDA $291.2M
Net revenue $582.5M (+13% YoY); net income $339.3M; diluted EPS $8.79 vs $2.76.
Record Q1 revenue $364.1M, EPS $1.08; announces $2.485B P2E acquisition
Net revenue $364.1M (+12% YoY), net income $42.1M, diluted EPS $1.08 vs $0.91.
On July 23, 2024, Robert L. Fealy notified Churchill Downs Incorporated (the “Company”) of his decision to resign as a director of the Board of Directors of the Company (the “Board”) effective immediately.
On December 15, 2022, upon the recommendation of the Nominating and Governance Committee, the Board of Directors (the “Board”) of Churchill Downs Incorporated (the “Company”) appointed Andréa Carter as a Class II Director of the Company, effective immediately, to fill a vacancy created by an increase in the size of the Board.
Austin Miller, Senior Vice President of Gaming Operations, has notified Churchill Downs Incorporated (the 'Company') of his decision to retire, effective March 1, 2022.
Max materiality 0.90 · Median 0.65 · Most common event earnings