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

LOUISVILLE, Ky., Oct. 06, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today that the Company will release third quarter 2021 financial results after the market closes on Wednesday, October 27, 2021, and host a related conference call to discuss the quarter on Thursday, October 28, 2021, at 9 a.m. ET.

Churchill Downs Incorporated 2021 Third Quarter Financial Results Conference Call Invitation

Chipotle

Crocs

Domino's Pizza

YETI

We have narrowed down our search to five service-oriented stocks that have surged more than 20% year to date. These are: CROX, CHDN, YETI, CMG and DPZ.

September's Services PMI Confirms U.S. Recovery: 5 Top Picks

If you are looking for stocks that are well positioned to maintain their recent uptrend, Churchill Downs (CHDN) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Here's What Could Help Churchill Downs (CHDN) Maintain Its Recent Price Strength

Should investors be excited or worried when a stock's 50 -day simple moving average crosses above the 200-day simple moving average?

Should You Buy Churchill Downs (CHDN) After Golden Cross?

LOUISVILLE, Ky., Sept. 30, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that Fair Grounds Race Course & Slots (“Fair Grounds”) and 12 of the Company's 15 Off-Track Betting (“OTB”) facilities in Louisiana that were impacted by Hurricane Ida have reopened. Fair Grounds and eight of the OTB's were reopened by September 15, 2021 and four of the OTB's were reopened between September 20, 2021 and September 26, 2021.

Churchill Downs Incorporated Provides an Update on Louisiana Operations

Churchill Downs Inc (NASDAQ: CHDN) plans to open a new historical racing machine (HRM) entertainment venue, Derby City Gaming Downtown, in Louisville, Kentucky. Derby City Gaming Downtown will initially include 500 HRMs, a fresh-air gaming area, and over 200 onsite parking spaces.

Churchill Downs Plans New Entertainment Venue In Louisville, Kentucky

Churchill Downs Inc (NASDAQ: CHDN) Board of Directors has authorized a $500 million share repurchase program. The new share repurchase program replaces the prior $300 million program authorized in October 2018 that had the unused authorization of $97.9 million as of September 29, 2021.

Churchill Downs Plans $500M Stock Buyback Program

LOUISVILLE, Ky., Sept. 29, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today that the Company's Board of Directors approved a $500 million share repurchase program. The new share repurchase program replaces the prior $300 million program that was authorized in October 2018 and had unused authorization of $97.9 million as of September 29, 2021. The new share repurchase program includes and is not in addition to any unspent amount remaining under the prior authorization. Share repurchases may be made at management's discretion from time to time in the open market (either with or without a 10b5-1 plan) or through privately negotiated transactions. The repurchase program has no time limit and may be suspended or discontinued at any time.

Churchill Downs Incorporated Announces New $500 Million Share Repurchase Program

Churchill Downs Inc (NASDAQ: CHDN) has signed a Purchase and Sale Agreement with the Chicago Bears. The company has agreed to sell the 326-acre property in Arlington Heights, Illinois, currently the home of Arlington International Racecourse, for $197.2 million.

Churchill Downs To Sell Arlington Heights Property For $197.2M

The shares of Churchill Downs are currently trading at 40% above pre-Covid levels observed in February 2020. The legalization of sports betting and iGaming wagering in the country along with the rising popularity of online applications during lockdowns have been key to the monumental growth.

Is Churchill Downs Stock A Buy?

LOUISVILLE, Ky., Sept. 22, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that the Company has submitted a proposal to develop the Queen of Terre Haute Casino Resort (the “Queen of Terre Haute”), a destination gaming facility in Vigo County, Indiana. CDI has also filed an application to the Indiana Gaming Commission (“IGC”) seeking Indiana's open casino license for Vigo County.

Churchill Downs Incorporated Announces Proposal to Develop the Queen of Terre Haute Casino Resort in Vigo County, Indiana

Roundhill Sports Betting & iGaming ETF

Caesars Entertainment

DraftKings

Gan Ltd

MGM Resorts

Flutter Entertainment PLC

Penn Entertainment

Rush Street Interactive

Sports betting stocks are growing in popularity as the industry expands at a rapid rate. Here are nine gambling names you need to know.

9 Top Sports Betting Stocks to Wager On

Bally's

FuboTV

Wynn Resorts

So, as its prime time once again for sportsbooks, and as the overall igaming trend continues, which sports betting stocks may be of interest? These 10 appear to be top ones to buy.

10 Sports Betting Stocks to Buy Just in Time for Football Season

Churchill Downs Incorporated (CHDN) CEO Bill Carstanjen on Q2 2021 Results - Earnings Call Transcript

Churchill Downs (CHDN) has been struggling lately, but the selling pressure may be coming to an end soon.

Churchill Downs (CHDN) Sees Hammer Chart Pattern: Time to Buy?

Churchill Downs (CHDN) delivered earnings and revenue surprises of 20.31% and 9.10%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Churchill Downs (CHDN) Tops Q2 Earnings and Revenue Estimates

Shares of Churchill Downs (NASDAQ:CHDN) rose in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 681.13% over the past year to $3.08, which beat the estimate of $2.52.

Recap: Churchill Downs Q2 Earnings

Homestretch Club to Debut at the 148th Kentucky Derby in 2022, a new Turn 1 Experience for the 149th Kentucky Derby in 2023 and a Redesigned Paddock Area for the 150th Kentucky Derby in 2024 Homestretch Club to Debut at the 148th Kentucky Derby in 2022, a new Turn 1 Experience for the 149th Kentucky Derby in 2023 and a Redesigned Paddock Area for the 150th Kentucky Derby in 2024

Churchill Downs Incorporated Announces Multi-Year Projects to Transform the Legendary Churchill Downs Racetrack

LOUISVILLE, Ky., July 28, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) (the "Company", "we", "us", "our") today reported business results for the second quarter ended June 30, 2021.

Churchill Downs Incorporated Reports 2021 Second Quarter Results

LOUISVILLE, Ky., July 08, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today that the Company will release second quarter 2021 financial results after the market closes on Wednesday, July 28, 2021, and host a related conference call to discuss the quarter on Thursday, July 29, 2021, at 9 a.m. ET.

Churchill Downs Incorporated 2021 Second Quarter Financial Results Conference Call Invitation

LOUISVILLE, Ky., June 22, 2021 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) announced today that Jason Sauer has been named Senior Vice President of Corporate Development for the Company. In this role, Sauer will work closely with other Senior Management in the development and execution of CDI's strategy and growth initiatives and report directly to Bill Carstanjen, Chief Executive Officer of CDI.

Churchill Downs Incorporated Names Jason Sauer Senior Vice President of Corporate Development

Genius Brands

LiveXLive Media

Marcus

Nexstar Media Group

Reading International

Ryman Hospitality Properties

E. W. Scripps

Grupo Televisa, S.A.B.

GREENWICH, Conn.--(BUSINESS WIRE)--Gabelli Funds hosts its 13th Annual Entertainment & Broadcasting Conference today. The expanded conference will be held virtually. This research meeting will feature presentations by senior management of leading broadcasting and entertainment companies, with an emphasis on industry dynamics, new technologies and company fundamentals. It will also include a Sports Valuation Panel. Investors should contact Justin Cramer (914) 921-5387 or Katie Durkin (914) 9

Gabelli Funds 13th Annual Entertainment & Broadcasting Conference

Record-breaking horse trainer Bob Baffert will not be able to race any horses in the Kentucky Derby for the next two years after a suspension was announced Wednesday. What Happened: A two-year suspension was announced by Churchill Downs Inc (NASDAQ: CHDN) for trainer Baffert.

Bob Baffert Receives 2-Year Suspension From Churchill Downs, Kentucky Derby

Aristocrat's Player-Favorite Games to Debut at CDI HRM Facilities Aristocrat's Player-Favorite Games to Debut at CDI HRM Facilities

Churchill Downs Incorporated Signs HRM Agreement with Aristocrat Gaming™

Boyd Gaming

Gambling revenue in Nevada and other states roared back in March, accelerated in April, and is likely to be elevated for May, strategists at KeyBanc Capital Markets say.

News for Churchill Downs Stock (CHDN)