Churchill Downs ( (CHDN) ) has released its Q1 earnings. Here is a breakdown of the information Churchill Downs presented to its investors.
Churchill Downs Incorporated (CDI) is a prominent entertainment company known for its iconic Kentucky Derby and operates in the live and historical racing, online wagering, and regional casino gaming sectors.
In its first-quarter earnings report for 2025, Churchill Downs Incorporated announced a record net revenue of $642.6 million, marking a 9% increase from the previous year. Despite this revenue growth, the company’s net income saw a slight decline of 5%, amounting to $76.7 million.
Key highlights from the quarter include the opening of Owensboro Racing and Gaming in Western Kentucky, which contributed to the revenue increase in the Live and Historical Racing segment. Additionally, the company announced enhancements to the Kentucky Derby experience and a new $500 million share repurchase program. The Gaming segment also experienced growth, driven by the opening of the Terre Haute Casino Resort.
Looking ahead, Churchill Downs Incorporated remains focused on strategic expansions and enhancing guest experiences, while navigating the challenges posed by the current economic environment.