Canterbury Park Holding Reports Mixed Q1 2025 Results

Canterbury Park Holding ( (CPHC) ) has released its Q1 earnings. Here is a breakdown of the information Canterbury Park Holding presented to its investors.

Canterbury Park Holding Corporation operates a racetrack and casino in Shakopee, Minnesota, offering live horse racing, casino games, and food and beverage services, while also engaging in real estate development through Canterbury Commons. The company’s latest earnings report for the quarter ended March 31, 2025, reveals a mixed financial performance with a net loss of $299,210 compared to a net income of $998,154 in the same quarter of the previous year. Key highlights include a decrease in total net revenues to $13.1 million from $14.1 million, primarily due to lower casino and pari-mutuel revenues. Operating expenses slightly increased, impacting the income from operations, which fell to $649,671 from $1.76 million. The company also reported a significant loss from equity investments amounting to $1.57 million. Looking forward, Canterbury Park Holding Corporation remains focused on its strategic initiatives, including the development of Canterbury Commons, and management is optimistic about securing additional revenue streams through potential legislative actions and new gaming opportunities.