Churchill Downs

Churchill Downs, Inc. operates as a provider of pari-mutuel horse racing, online account wagering on horse racing and casino gaming. It operates through the following business segments: Racing, Casino, Online Wagering, Corporate, and Other Investments. The Racing segment includes Churchill Downs Racetrack, Arlington Park Racecourse, Calder Race Course, and Fair Grounds Race Course. The Casinos segment includes Oxford Casino, Riverwalk Casino Hotel, Harlow's Casino Resort and Spa, Calder Casino, Fair Grounds Slots, Video Services and equity investment. The Online Wagering segment offers simulcasting and interactive wagering hub. The Corporate segment includes miscellaneous and other revenue, compensation expense, professional fees and other general and administrative expenses not allocated to other operating segments. The Other Investments and Corporate segment consists of United Tote Company and United Tote Canada, Capital View Casino and Resort, Bluff Media, and minor investments. The company was founded in 1875 and is headquartered in Louisville, KY.

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Churchill Downs reports record revenue and strategic acquisitions drive growth

Churchill Downs achieved record financial performance in 2022, driven by strategic acquisitions and strong operational results.
While facing challenges in optimizing machine deployment and competition from new casino capacity, the company remains focused on growth opportunities.
The outlook for Churchill Downs is positive, with a strong foundation for future growth and value creation for shareholders.

Churchill Downs achieves record earnings, eyes expansion amid challenges

Churchill Downs delivered strong financial performance with record revenue and EBITDA. The company is strategically focused on HRM initiatives and expanding its operations. Challenges include legislative impacts and maintaining margins in competitive markets. Opportunities lie in new projects, online betting, and potential casino developments.

Churchill Downs reports record Q2 earnings, eyes expansion opportunities

Churchill Downs delivered strong financial performance in Q2 2023, driven by record revenues and EBITDA, despite challenges in the TwinSpires segment and regional properties.
The company's strengths lie in flagship events like the Kentucky Derby, strategic investments, and a focus on legislative opportunities for growth.
While facing challenges from race cancellations and regional softness, Churchill Downs is well-positioned to capitalize on expansion opportunities in Virginia and international markets.
CEO's commitment to growth, financial stability, and strategic vision underpin Churchill Downs' resilience and potential for sustained success in the industry.

Churchill Downs achieves record Q3 results, eyes HRM expansion

Churchill Downs delivered strong financial performance in Q3, with record revenue and EBITDA, driven by growth initiatives and strategic acquisitions. The company faces challenges in the gaming segment but remains optimistic about future prospects. Opportunities lie in expanding HRM operations and leveraging technology for growth.

Churchill Downs achieves record revenue and EBITDA, eyes strategic growth

Churchill Downs delivered exceptional financial performance in 2023, setting records in revenue and adjusted EBITDA. The company's focus on strategic acquisitions, capital management, and future growth strategies positions it well for continued success. Challenges in optimizing operations and addressing market dynamics require careful navigation.

Churchill Downs reports record Q1 earnings, eyes growth opportunities

Churchill Downs Inc. delivers robust financial results with record revenues and EBITDA, driven by strategic investments and strong operational performance. While facing challenges in optimizing gaming floors and addressing analyst inquiries, the company remains focused on capital stewardship and growth opportunities in key markets.

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CHDN is trading at a premium to its sector, making it a 'buy on the dip' target. Its rapid expansion under a new CEO since 2014 is speeding up. We expect 16%+ of EBITDA growth in 2025.

Churchill Downs: A Solid 'Buy On The Dip' Story Poised For A Fast Rise Before The Derby (Rating Upgrade)

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$460 Million Investment Creates a Worldclass Entertainment Destination Resort Supporting Horse Racing and Agriculture Industry in Virginia $460 Million Investment Creates a Worldclass Entertainment Destination Resort Supporting Horse Racing and Agriculture Industry in Virginia

Churchill Downs Incorporated Opens The Rose Gaming Resort in Northern Virginia

Churchill Downs Incorporated (NASDAQ:CHDN ) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Sam Ullrich - Vice President, Investor Relations William Carstanjen - Chief Executive Officer Marcia Dall - Executive Vice President and Chief Financial Officer William Mudd - President and Chief Operating Officer Bradley Blackwell - Executive Vice President and General Counsel Conference Call Participants David Katz - Jefferies Barry Jonas - Truist Securities Dan Politzer - Wells Fargo Chad Beynon - Macquarie Jeff Stantial - Stifel Joseph Stauff - SIG Shaun Kelley - Bank of America Daniel Guglielmo - Capital One Securities Jordan Bender - Citizens JMP Benjamin Chaiken - Mizuho Operator Good day, ladies and gentlemen, and welcome to the Churchill Downs Incorporated 2024 Third Quarter Earnings Conference call. At this time, all participants are in a listen-only mode.

Churchill Downs Incorporated (CHDN) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Churchill Downs (CHDN) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Churchill Downs (CHDN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Churchill Downs (CHDN) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.87 per share a year ago.

Churchill Downs (CHDN) Q3 Earnings Beat Estimates

LOUISVILLE, Ky., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today the planned development of a $40 to $50 million historical racing machine (“HRM”) entertainment venue in Calvert City, Kentucky. CDI plans to open the new 23,000 square-foot facility with 250 HRMs, a sports bar and a sportsbook, and a simulcast center in early 2026. The new facility will serve as an extension of Oak Grove Racing, Gaming and Hotel (“Oak Grove”) and will be CDI's eighth historical horse racing entertainment venue in the Commonwealth of Kentucky.

Churchill Downs Incorporated Announces New HRM Entertainment Venue in Calvert City, Kentucky

LOUISVILLE, Ky., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) (the "Company", "CDI", "we") today reported business results for the third quarter ended September 30, 2024.

Churchill Downs Incorporated Reports 2024 Third Quarter Results

Beyond analysts' top -and-bottom-line estimates for Churchill Downs (CHDN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.

Churchill Downs (CHDN) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates

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Churchill Downs (CHDN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Churchill Downs (CHDN) Earnings Expected to Grow: Should You Buy?

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Churchill Downs (CHDN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Churchill Downs (CHDN) Beat Estimates Again in Its Next Earnings Report?

CHDN focuses on development efforts and Exacta acquisition to drive growth. However, rising capital expenditures are a concern.

Here's Why Investors Should Retain Churchill Downs Stock Now

LOUISVILLE, Ky., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today that the Company will release third quarter 2024 financial results after the market closes on Wednesday, October 23, 2024, and host a related conference call to discuss the quarter on Thursday, October 24, 2024, at 9 a.m. ET.

Churchill Downs Incorporated 2024 Third Quarter Financial Results Conference Call Invitation

Churchill Downs Incorporated shows strong long-term performance, with improved business metrics and growth opportunities, making the stock attractive now. Q2 results exceeded expectations, with revenue and EPS ahead of estimates, and margins improving due to high-margin HRM machines and acquisitions. Management's disciplined capital allocation has led to high returns on equity and significant shareholder returns through dividends and share repurchases.

Churchill Downs: Still Under The Radar, Still An Excellent Business

Horse racetrack owner Churchill Downs Inc CHDN gets an upgrade from an analyst ahead of the opening of a new gaming resort in Northern Virginia and its ownership of the Kentucky Derby race.

Churchill Downs Analyst Bullish About Kentucky Derby, New Virginia Gaming Resort: 'Sustainable Double-Digit Growth'

Churchill Downs Incorporated (NASDAQ:CHDN ) Q2 2024 Results Conference Call July 25, 2024 9:00 AM ET Company Participants Sam Ullrich - Vice President, Investor Relations Bill Carstanjen - Chief Executive Officer Marcia Dall - Chief Financial Officer Bill Mudd - President and Chief Operating Officer Brad Blackwell - General Counsel Conference Call Participants Barry Jonas - Truist Securities David Katz - Jefferies Dan Politzer - Wells Fargo Joe Stauff - SIG Jeff Stantial - Stifel Jordan Bender - JMP Securities Chad Beynon - Macquarie Ben Chaiken - Mizuho Daniel Guglielmo - Capital One Securities Shaun Kelley - Bank of America Operator Good day, ladies and gentlemen, and welcome to the Churchill Downs Incorporated 2024 Second Quarter Earnings Conference call. At this time, all participants are in a listen-only mode.

Churchill Downs Incorporated (CHDN) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Churchill Downs (CHDN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Churchill Downs (CHDN) Reports Q2 Earnings: What Key Metrics Have to Say

Churchill Downs (CHDN) came out with quarterly earnings of $2.89 per share, beating the Zacks Consensus Estimate of $2.71 per share. This compares to earnings of $2.24 per share a year ago.

Churchill Downs (CHDN) Q2 Earnings and Revenues Beat Estimates

LOUISVILLE, Ky., July 24, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) announced today that Robert L. Fealy retired from CDI's Board of Directors on July 23, 2024.

Churchill Downs Incorporated Announces Robert L. Fealy Retires From Company's Board of Directors

$80-$90 Million Project will Debut for the 151st Kentucky Derby in May 2025 $80-$90 Million Project will Debut for the 151st Kentucky Derby in May 2025

News for Churchill Downs Stock (CHDN)