Church Downs Stock Price, News & Analysis

Churchill Downs Incorporated (Nasdaq: CHDN) reported record third quarter net revenue $683.0M (up 9%) and record Adjusted EBITDA $262.3M (up 11%) for the quarter ended September 30, 2025.

Adjusted net income was $77.1M (up 7%), while GAAP net income was $38.1M (down 42%) due to a one-time after-tax $31.0M impairment of Chasers' gaming rights. The company returned $53.5M via share repurchases, closed acquisition of 90% of Casino Salem for $180M, expanded Virginia HRM capacity (450 and 175 machines), and approved a $0.438 per-share annual dividend payable Jan 6, 2026.

Net bank leverage was 4.1x; new U.S. tax law allows recognition of a $91.2M deferred tax asset tied to prior interest limitations.

Everi (IGT brand) announced a seven-year agreement with Churchill Downs Incorporated (NASDAQ: CHDN) dated Oct. 8, 2025 to deploy Everi CashClub® and additional FinTech solutions across CDI live and historical racing venues and regional gaming properties.

Services include ATM, debit, credit, check processing, Everi Compliance anti-money laundering (AML) technology, and back-end gaming operational tools. The deal builds on existing integrations: Everi's BeOn™ Venue Platform powers the Churchill Downs Racetrack mobile app and IGT supplies historical horse racing games and hardware.

The partnership aims to deliver improved transaction diversity, stronger compliance, smarter data, and personalized patron engagement.

Churchill Downs (NASDAQ:CHDN) has scheduled its Q3 2025 earnings conference call for October 23, 2025, at 8 a.m. ET, following the financial results release after market close on October 22, 2025.

Investors can access the call through a webcast on the company's IR website or via teleconference registration. Participants are advised to dial in 15 minutes before the start time. A replay will be available on the IR website by noon ET on October 23, along with the earnings release and related financial information.

Churchill Downs (NASDAQ:CHDN) has completed the acquisition of a majority stake in Casino Salem, a joint venture in Salem, New Hampshire. The initial phase of Casino Salem commenced operations on July 9th, 2025.

The acquisition, funded through CHDN's existing credit facility, will enable the company to expand its presence in New Hampshire's gaming market. The company plans to implement several strategic initiatives, including rebranding the venue, expanding the gaming floor, and adding new food and beverage concepts. The transaction received necessary approvals from the New Hampshire Lottery Commission.

Churchill Downs (NASDAQ:CHDN) and NBC Sports announced a historic shift of the 152nd Kentucky Oaks to primetime, scheduled for Friday, May 1, 2026, at 8 p.m. ET on NBC and Peacock. This marks the first-ever primetime presentation of the prestigious thoroughbred racing event for three-year-old fillies.

The announcement follows the success of the 151st Kentucky Derby, which peaked at 21.8 million viewers. NBC Sports recently extended its partnership with Churchill Downs, securing rights through 2032 and becoming the longest-running broadcaster of the Kentucky Derby with 32 editions.

Churchill Downs (NASDAQ:CHDN) has announced a new $500 million share repurchase program, replacing its previous program of the same amount authorized in March 2025. The program demonstrates the company's commitment to returning value to shareholders.

The new authorization allows management to conduct share repurchases at their discretion through open market transactions or private negotiations. Notably, the program has no time limit and can be suspended or discontinued at any time. The company may implement these purchases through a 10b5-1 plan or other means.

Churchill Downs (NASDAQ:CHDN) reported strong Q2 2025 results with record net revenue of $934.4 million, up 5% year-over-year, and net income of $216.9 million, a 4% increase. The company achieved record Adjusted EBITDA of $450.9 million, up 1%.

The 151st Kentucky Derby delivered record-breaking performance with all-time high all-sources handle and peak viewership of 21.8 million. The company announced plans to acquire 90% of Casino Salem for $180 million and approved a new $500 million share repurchase program. During Q2, CHDN returned $250.4 million to shareholders through share repurchases and maintained a net bank leverage of 4.2x.

Churchill Downs (NASDAQ:CHDN) has announced definitive agreements to acquire a majority stake in Casino Salem, a joint venture in Salem, New Hampshire. The casino project, located at The Mall at Rockingham Park approximately 30 minutes from downtown Boston, will feature historical horse racing machines (HRMs) and table games.

The initial phase has already launched on July 9th with 100 HRMs and 13 live table games. Local developers Joe Faro and Sal Lupoli will retain ownership stakes and remain involved in the project. CDI plans to expand the gaming floor, rebrand the venue, and add food and beverage concepts in future phases.

The transaction, expected to close in Q3 2025 pending New Hampshire Lottery Commission approval, will be financed through CDI's existing credit facility. CDI will continue to operate its separate Chasers Poker Room in Salem.

Churchill Downs Incorporated (CHDN) has scheduled its second quarter 2025 financial results announcement and conference call. The company will release its Q2 2025 results after market close on Wednesday, July 23, 2025, followed by a conference call on Thursday, July 24, 2025, at 9 a.m. ET. Investors can participate through a webcast at the company's IR website or via teleconference by registering in advance. Participants are advised to dial in 15 minutes before the call starts. An online replay will be available on the IR website by noon ET on July 24, 2025, along with the earnings release and related financial information.