Quarterly ResultApr 22, 2026, 04:03 PM
Churchill Downs Reports Record Q1 Revenue of $663M, Net Income Up 8%
AI Summary
Churchill Downs Inc. reported strong first-quarter 2026 financial results, achieving record net revenue of $663 million, an increase of 3% from the prior year. Net income attributable to CDI grew 8% to $83 million, and Adjusted EBITDA reached a record $257 million, up 5%. The company also highlighted strategic investments, including a $180-$200 million plan for Rockingham Grand Casino and the $85 million acquisition of Preakness Stakes intellectual property, alongside paying its fifteenth consecutive increased dividend.
Key Highlights
- Record net revenue of $663 million, up 3% year-over-year.
- Net income attributable to CDI increased 8% to $83 million.
- Record Adjusted EBITDA of $257 million, up 5% year-over-year.
- Diluted EPS attributable to CDI rose to $1.16 from $1.02.
- Paid a $0.438 per share dividend, marking 15th consecutive increase.