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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Live Racing at Churchill Downs Racetrack in Kentucky and Off-Track Betting Operations in Louisiana Previously Resumed Live Racing at Churchill Downs Racetrack in Kentucky and Off-Track Betting Operations in Louisiana Previously Resumed

Churchill Downs Incorporated to Reopen Harlow’s Casino Resort & Spa and Riverwalk Casino Hotel in Mississippi

Betting jumped 185% year over year despite spectator-free stands.

Churchill Downs Reports a Massive $26 Million in Opening Weekend Wagers

Daily medical screening and stands empty of spectators will be the rule at these spring races.

Churchill Downs Prepares To Resume Live Races, With Only Staff On-Site

Churchill Downs' (CHDN) CEO Bill Carstanjen on Q1 2020 Results - Earnings Call Transcript

Churchill Downs (CHDN) delivered earnings and revenue surprises of -68.75% and -6.57%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Churchill Downs (CHDN) Q1 Earnings and Revenues Miss Estimates

A followup earnings call is scheduled for the morning of April 30.

Churchill Downs Reports Q1 Results, Says It Has Cash Reserves for a Year or More

A computer-simulated race will raise up to $2 million for COVID-19 relief.

Here’s What Churchill Downs Is Doing for the Kentucky Derby This Year

All remaining employees, up to the highest levels, will see their salaries temporarily cut.

Churchill Downs Furloughs Casino and Racetrack Employees From 10 Locations

LOUISVILLE, Ky., March  25, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today the temporary furlough of employees at certain properties that temporarily ceased operations following local or state government-ordered closure undertaken to combat the impact of the COVID-19 pandemic.

Churchill Downs Incorporated Announces Temporary Employee Furloughs at Certain Properties

The new schedule could clash with another major race, the Breeders’ Cup Classic.

Churchill Downs Postpones Kentucky Derby and Other Triple Crown Races Until Autumn

The Kentucky Derby will be postponed until Sept.5,  organizer Churchill Downs said Tuesday morning.

Kentucky Derby To Be Postponed Until Sept. 5, First Time Since 1945

Churchill Downs Inc. CHDN, -4.09% said Tuesday that it has rescheduled the 146th Kentucky Derby to Sept. 5, 2020, from an initial data of May 2.

Kentucky Derby to be rescheduled to Sept. 5

LOUISVILLE, Ky., March  16, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) announced today the temporary suspension of operations at certain of its properties as a precautionary measure to COVID-19 and in cooperation with state and local authorities.

Churchill Downs Incorporated Announces Temporary Suspension of Operations at Mississippi Properties

Churchill Downs Incorporated Announces Temporary Suspension or Modification of Operations at Certain Properties

LOUISVILLE Ky., March  16, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) announced today that the Company will make an announcement regarding the timing of the 146th Kentucky Oaks and Derby on Tuesday, March 17, 2020 at 9 a.m. ET.

Churchill Downs Incorporated to Make Announcement  Regarding the Timing of the 146th Kentucky Derby on March 17th

LOUISVILLE, Ky., March  16, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (CHDN: Nasdaq) (CDI or the Company) announced today the closing of an amendment to its Credit Agreement to extend the maturity and to lower the upper limit of the applied spreads for loans under its $700 million Senior Secured Revolving Credit Facility (“Revolving Credit Facility”).

Churchill Downs Incorporated Announces Extension and Reduction in Funding Costs for its $700 million Revolving Credit Facility

The Kentucky Derby will likely allow spectators, but might be postponed.

Churchill Downs Says Winter, Spring Races Will Take Place On Schedule -- Minus Spectators

Today’s Opening Marks the First Legal Sports Wager in Illinois Today’s Opening Marks the First Legal Sports Wager in Illinois

BetRivers Sportsbook Opens at Rivers Casino Des Plaines

American Airlines

Park Hotels & Resorts

Planet Fitness

Royal Caribbean Cruises

Six Flags

Urban Outfitters

Flying, much like taking the subway to work, is a giant moving petri dish of germs and unhealthiness. It’s not surprising that airline stocks as a group have lost 14.8% in the past week with American Airlines (NASDAQ:AAL) leading the pack.

7 Services Stocks to Buy on Coronavirus Weakness

Shares of Churchill Downs Inc. CHDN, +0.89% rose 1.4% in morning trading Monday, after J.P. Morgan analyst Daniel Politzer upgraded the Kentucky Derby venue, saying investors concerns over the coronavirus outbreak is overblown.

Churchill Downs upgraded at J.P. Morgan, which said fears of Kentucky Derby cancelling are overblown

Churchill Downs, Inc. (CHDN) CEO William Carstanjen on Q4 2019 Results - Earnings Call Transcript

Churchill Downs (CHDN) delivered earnings and revenue surprises of 800.00% and 8.50%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Churchill Downs (CHDN) Q4 Earnings and Revenues Surpass Estimates

LOUISVILLE, Ky., Feb.  26, 2020  (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today the appointment of Paul C. Varga to the Company’s Board of Directors.

Churchill Downs Incorporated Appoints Paul C. Varga as a New Board Member

New HRM Product to Debut at Derby City Gaming in February 2020 New HRM Product to Debut at Derby City Gaming in February 2020

Churchill Downs Incorporated Partners with Scientific Games and Ainsworth on Advanced Historical Racing Machines

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.

News for Churchill Downs Stock (CHDN)