Quarterly ResultJul 29, 2026, 04:38 PM
Churchill Downs Q2 Revenue Up 4.9% to $980M; EPS $3.42
AI Summary
Churchill Downs Inc. reported strong financial results for the second quarter and first half of 2026, with significant increases in net revenue, net income, and diluted EPS compared to the prior year. The company also demonstrated effective debt management, reducing total debt by $360 million since year-end 2025. Segment performance showed growth across Live and Historical Racing, Wagering Services and Solutions, and Gaming, contributing to the overall positive financial outlook.
Key Highlights
- Net revenue for Q2 2026 increased 4.9% to $980 million from $934 million in Q2 2025.
- Net income attributable to Churchill Downs Inc. for Q2 2026 rose 11.1% to $241 million from $217 million in Q2 2025.
- Diluted EPS for Q2 2026 was $3.42, up 14.4% from $2.99 in Q2 2025.
- Total debt decreased to $4,795 million at June 30, 2026, from $5,155 million at December 31, 2025.
- Live and Historical Racing segment revenue was $543 million for Q2 2026.
- Wagering Services and Solutions segment revenue reached $167 million for Q2 2026.
- Gaming segment revenue stood at $270 million for Q2 2026.
- Approximately $430 million of repurchase authority remained under the July 2025 Stock Repurchase Program at June 30, 2026.
Price Impact
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