Monitor future guidance for capital allocation plans, especially the $180-220M in planned spend, and the impact of the Preakness Stakes acquisition on future revenue streams.
Price Chart
Executive Summary
Churchill Downs reported Q1 2026 earnings with record revenue of $663M (+3% YoY) and net income of $83M (+8% YoY), driven by strong performance in Live and Historical Racing and Wagering Services. The company also announced a $85M acquisition of the Preakness Stakes intellectual property.
Key Financial Metrics
Key Facts
- Record revenue of $663M, up 3% YoY
- Net income of $83M, up 8% YoY
- Diluted EPS of $1.16, up 13.7% YoY
- Record Adjusted EBITDA of $257M, up 5% YoY
- Acquired Preakness Stakes IP for $85M
- Returned $31M to shareholders via dividends
Financial Impact
Revenue increased by $20M YoY, net income by $6M YoY
Risk Factors
- Increased competition in Virginia HRM venues
- Cessation of HRM operations in Louisiana
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000020212-26-000041 |
| Document: chdn-20260422.htm | 0000020212-26-000041 |
| Document: 0000020212-26-000041-index-headers.html | 0000020212-26-000041 |
| Document: 0000020212-26-000041-index.html | 0000020212-26-000041 |
| Document: 0000020212-26-000041.txt | 0000020212-26-000041 |
| 8-K Data (Synthetic) | 0000020212-26-000041 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Apr 22, 2026 23w ago | 8-K | $97.91 $83.71 | ▼ −14.50% | ▼ −19.52% | $76.05 (−22.33%) |
Apr 22, 2026 23w ago | Press Release | $97.91 $83.71 | ▼ −14.50% | ▼ −19.52% | $76.05 (−22.33%) |
Mar 16, 2026 28w ago | Press Release | $85.94 $88.82 | ▲ +3.35% | ▼ −6.51% | $76.05 (−11.51%) |
Mar 12, 2026 29w ago | DEFA14A | $86.36 $86.84 | ▲ +0.56% | ▼ −11.06% | $76.05 (−11.94%) |
US Market Status
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