Churchill Downs Incorporated achieved record Q4 net revenue and Adjusted EBITDA, driven primarily by strong growth in the Live and Historical Racing segment, particularly from Kentucky and Virginia HRM venues. While net income decreased due to specific tax valuation allowances and transaction expenses, the company continued its expansion strategy with new venue openings and significant capital returns to shareholders.

Churchill Downs posted record third quarter revenue of $683 million and record Adjusted EBITDA of $262.3 million. Despite the strong operating performance, GAAP net income declined 42% year-over-year due to a one-time impairment related to gaming rights. The company continued investing in strategic projects and returned $53.5 million to shareholders through share repurchases.

Churchill Downs Incorporated delivered an all-time record second quarter in 2025, with net revenue reaching $934.4 million, a 5% increase year-over-year. Net income attributable to CDI grew by 4% to $216.9 million, and Adjusted EBITDA hit a record $450.9 million, up 1%. The company saw significant contributions from its Live and Historical Racing segment, particularly from Virginia and Kentucky HRM venues, and record-breaking Kentucky Derby wagering. While the Gaming segment experienced a slight revenue decrease, the overall performance was robust, supported by strategic acquisitions and a new share repurchase program.

Churchill Downs Incorporated delivered a record-breaking Q1 2025, achieving all-time high net revenue and adjusted EBITDA. Growth was driven by new venue openings and strength in historical racing, partially offset by regional softness and weather-related impacts.

Churchill Downs Incorporated reported strong Q4 2024 results with net revenue reaching $624.2 million, an 11% increase year-over-year. Net income rose by 24% to $71.7 million, while adjusted EBITDA grew by 8% to $236.6 million. The company saw revenue growth across its key business segments, with the Live and Historical Racing segment leading the way. CDI also highlighted new property openings and ongoing capital investments.

Churchill Downs Incorporated reported record third-quarter results, with significant growth in revenue and Adjusted EBITDA across all its major segments. The company opened The Rose Gaming Resort in Virginia and maintained its commitment to returning capital to shareholders through increased dividend payouts.

Churchill Downs Incorporated reported all-time record net revenue of $890.7 million and net income attributable to CDI of $209.3 million for the second quarter ended June 30, 2024. Adjusted EBITDA reached a record $444.8 million. The company saw revenue and Adjusted EBITDA growth across all reporting segments, driven by a record-breaking Kentucky Derby Week and the opening of the Terre Haute Casino Resort.

Churchill Downs Incorporated reported a record net revenue of $590.9 million, up 6% compared to the prior year quarter. Net income was $80.4 million, down 48% compared to the prior year quarter. Record Adjusted EBITDA was $242.5 million, up 9% compared to the prior year quarter.

Churchill Downs Incorporated (CDI) reported record 2023 net revenue of $2.5 billion, up 36% compared to the prior year. Net income was $417 million, down 5% compared to the prior year. Adjusted EBITDA reached a record $1.0 billion, up 34% compared to the prior year. The company successfully ran the 149th Kentucky Derby, generating record Derby Week all-sources handle and contribution to Adjusted EBITDA.

Churchill Downs Incorporated reported record net revenue of $572.5 million, a 49% increase compared to the prior year quarter. Net income was $61.0 million, up 7% compared to the prior year quarter. Adjusted EBITDA reached a record $218.2 million, a 34% increase compared to the prior year quarter.

Churchill Downs Incorporated reported record net revenue and Adjusted EBITDA for the second quarter of 2023. Revenue was driven by the Live and Historical Racing and Gaming segments. Net income decreased compared to the second quarter of 2022 due to a gain on the sale of the Calder property in 2022.

Churchill Downs Incorporated reported record first-quarter results, with significant growth in net revenue, net income, and Adjusted EBITDA. The company benefited from strategic acquisitions and strong performance across its Live and Historical Racing, TwinSpires, and Gaming segments.

Churchill Downs Incorporated reported a mixed performance for the fourth quarter of 2022. While net revenue increased, net income and diluted EPS decreased compared to the prior year. The company saw growth in Adjusted EBITDA, driven by acquisitions and operational improvements, but also faced challenges from increased expenses and asset impairments.

Churchill Downs Incorporated reported a decrease in net revenue and net income for the third quarter of 2022, while achieving a record third quarter Adjusted EBITDA. The company completed several acquisitions and announced a multi-year agreement with FanDuel.

Churchill Downs Incorporated reported record second quarter 2022 results, with record net revenue of $582.5 million and record net income of $339.3 million.

Churchill Downs Incorporated reported record first quarter results, with record net revenue of $364.1 million and net income of $42.1 million. The Gaming segment delivered double digit revenue and Adjusted EBITDA growth. The company also announced a definitive agreement to acquire substantially all of the assets of Peninsula Pacific Entertainment LLC.

Churchill Downs Incorporated reported record 2021 net revenue of $1,597.2 million, up 52% over the prior year. Net income was $249.1 million, compared to a net loss of $81.9 million in the prior year. Adjusted EBITDA was a record $627.0 million, up 119% compared to $286.5 million in the prior year.

Churchill Downs Incorporated reported a record third quarter with significant increases in net revenue, net income, and Adjusted EBITDA. The company's TwinSpires Horse Racing also saw substantial growth. They announced strategic moves, including selling property and planning new entertainment venues, alongside a new stock repurchase plan and increased annual dividend.

Churchill Downs Incorporated reported record second-quarter results, with significant increases in net revenue, net income, and Adjusted EBITDA compared to the prior year. The company benefited from the running of the Kentucky Oaks and Derby with capacity restrictions, strong performance at Derby City Gaming and Oak Grove, and record results from its gaming properties.

Churchill Downs Incorporated reported a strong first quarter in 2021, with a 28% increase in net revenue to $324.3 million and a significant improvement in net income to $36.1 million compared to a net loss in the prior year quarter. Adjusted EBITDA doubled to $110.6 million, driven by record performances in Derby City Gaming, TwinSpires, and the Gaming segment.

Churchill Downs Incorporated reported a net revenue decrease of 21% for the full year 2020, with a net loss of $81.9 million compared to a net income of $137.5 million in the prior year. However, the TwinSpires Horse Racing business saw record revenue and Adjusted EBITDA growth. The company focused on managing its business efficiently amidst the COVID-19 pandemic, with strategic growth opportunities planned for 2021.

Churchill Downs Incorporated reported a 10% increase in net revenue to $337.8 million and a significant increase in net income to $43.2 million for the third quarter of 2020. The company's performance was boosted by the rescheduling of the Kentucky Oaks and Derby and record revenue from TwinSpires.

Churchill Downs Incorporated reported a challenging second quarter in 2020 due to the COVID-19 pandemic, which led to temporary suspensions of operations. Net revenue decreased by 61% compared to the prior year, resulting in a net loss. However, the TwinSpires online wagering platform showed strong performance with handle growth.

Churchill Downs Incorporated reported first quarter results for 2020, with a decrease in net revenue and a net loss attributable to CDI. The company has taken steps to address the adverse impact of the coronavirus pandemic.

Churchill Downs Incorporated reported strong Q4 2019 results, with a 28% increase in net revenue, a significant rise in Adjusted EBITDA, and strategic acquisitions enhancing its portfolio. Net income attributable to CDI was $4.0 million, compared to $11.4 million in the prior year quarter.