Churchill Downs Inc
CHDN
ISIN null / Valor 917716
Churchill Downs Inc
UMushroom community rating:
About company
Churchill Downs Incorporated (CDI), headquartered in Louisville, Kentucky, is a prominent player in the gaming and racing industry, particularly known for its ownership of the legendary Churchill Downs Racetrack, the prestigious venue of the Kentucky Derby. The company operates across various segments, including online wagering through its TwinSpires platform, which is recognized as one of the largest and most profitable platforms for horse racing wagering in the United States. CDI's business extends to live and historical racing, featuring a mix of Thoroughbred and harness racing across several states, alongside historical racing machine (HRM) entertainment venues. These venues, such as Derby City Gaming & Hotel and Oak Grove Racing, Gaming & Hotel, offer a combination of racing entertainment and gaming options under the company's pari-mutuel racing license. Additionally, CDI's portfolio includes regional casino gaming properties across 11 states, further diversifying its entertainment offerings. The company's strategic expansion into both live and historical racing entertainment venues, alongside the development of its online wagering and casino gaming segments, underscores its significant footprint in the U.S. gaming and racing industry.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (24.09.2025):
Churchill Downs Inc. reported its second quarter of 2025 with strong financial performance, achieving record net revenue and net income. The company also announced strategic initiatives, including significant acquisitions and a substantial share repurchase program, reflecting its commitment to growth and shareholder value.
Record Net Revenue
In Q2 2025, Churchill Downs Inc. achieved an all-time record net revenue of $934.4 million, marking a 5% increase from the previous year. This growth was driven by enhanced performance across various segments, including racing and wagering services.
Increased Net Income
The company's net income attributable to CDI rose to $216.9 million, up 4% compared to the same quarter last year. This improvement reflects effective cost management and robust revenue streams.
Adjusted EBITDA Growth
Adjusted EBITDA reached a record $450.9 million in the second quarter, showing a 1% increase year-over-year. This growth underscores the company's operational efficiency and strong earnings potential.
Successful Kentucky Derby
Churchill Downs Racetrack hosted the 151st Kentucky Derby, achieving an all-time record in all-sources handle. The event also saw the highest average viewership of 17.7 million and peak viewership of 21.8 million, both up by 6% and 8% respectively compared to the prior year.
Strategic Acquisitions
On July 14, 2025, CDI entered into definitive agreements to acquire 90% of Casino Salem in New Hampshire for $180 million. This acquisition aims to develop a charitable gaming, entertainment, and dining destination, expanding CDI’s footprint in the gaming industry.
Share Repurchase Program
On July 22, 2025, the Board of Directors approved a new $500 million share repurchase program. Additionally, the company repurchased 2,565,964 shares in Q2 2025, totaling $250.4 million, demonstrating CDI's commitment to returning capital to shareholders.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
6709 M
Market cap (USD)
1,290,823
Daily traded volume (Shares)
134.56 / 131.09
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Dividend yield (p.a.)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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