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Churchill Downs Earnings Calls
| Release date | Apr 22, 2026 |
| EPS estimate | $1.06 |
| EPS actual | $1.21 |
| EPS Surprise | 14.15% |
| Revenue estimate | 661.225M |
| Revenue actual | 663M |
| Revenue Surprise | 0.269% |
| Release date | Feb 25, 2026 |
| EPS estimate | $0.85 |
| EPS actual | $0.97 |
| EPS Surprise | 14.12% |
| Revenue estimate | 660.133M |
| Revenue actual | 665.9M |
| Revenue Surprise | 0.87% |
| Release date | Oct 22, 2025 |
| EPS estimate | $0.97 |
| EPS actual | $1.09 |
| EPS Surprise | 12.37% |
| Revenue estimate | 656.294M |
| Revenue actual | 683M |
| Revenue Surprise | 4.07% |
| Release date | Jul 23, 2025 |
| EPS estimate | $3.03 |
| EPS actual | $3.10 |
| EPS Surprise | 2.31% |
| Revenue estimate | 667.686M |
| Revenue actual | 934.4M |
| Revenue Surprise | 39.95% |
Last 4 Quarters for Churchill Downs
Below you can see how CHDN performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 23, 2025 |
| Price on release | $109.16 |
| EPS estimate | $3.03 |
| EPS actual | $3.10 |
| EPS surprise | 2.31% |
| Date | Price |
|---|---|
| Jul 17, 2025 | $106.27 |
| Jul 18, 2025 | $105.55 |
| Jul 21, 2025 | $105.66 |
| Jul 22, 2025 | $108.06 |
| Jul 23, 2025 | $109.16 |
| Jul 24, 2025 | $113.75 |
| Jul 25, 2025 | $113.53 |
| Jul 28, 2025 | $111.25 |
| Jul 29, 2025 | $110.60 |
| 4 days before | 2.72% |
| 4 days after | 1.32% |
| On release day | 4.20% |
| Change in period | 4.07% |
| Release date | Oct 22, 2025 |
| Price on release | $96.22 |
| EPS estimate | $0.97 |
| EPS actual | $1.09 |
| EPS surprise | 12.37% |
| Date | Price |
|---|---|
| Oct 16, 2025 | $86.75 |
| Oct 17, 2025 | $90.53 |
| Oct 20, 2025 | $95.68 |
| Oct 21, 2025 | $96.61 |
| Oct 22, 2025 | $96.22 |
| Oct 23, 2025 | $103.68 |
| Oct 24, 2025 | $101.00 |
| Oct 27, 2025 | $103.11 |
| Oct 28, 2025 | $99.60 |
| 4 days before | 10.92% |
| 4 days after | 3.51% |
| On release day | 7.75% |
| Change in period | 14.81% |
| Release date | Feb 25, 2026 |
| Price on release | $96.14 |
| EPS estimate | $0.85 |
| EPS actual | $0.97 |
| EPS surprise | 14.12% |
| Date | Price |
|---|---|
| Feb 19, 2026 | $92.21 |
| Feb 20, 2026 | $93.71 |
| Feb 23, 2026 | $94.00 |
| Feb 24, 2026 | $96.19 |
| Feb 25, 2026 | $96.14 |
| Feb 26, 2026 | $90.37 |
| Feb 27, 2026 | $91.93 |
| Mar 02, 2026 | $93.78 |
| Mar 03, 2026 | $93.42 |
| 4 days before | 4.26% |
| 4 days after | -2.83% |
| On release day | -6.00% |
| Change in period | 1.31% |
| Release date | Apr 22, 2026 |
| Price on release | $88.94 |
| EPS estimate | $1.06 |
| EPS actual | $1.21 |
| EPS surprise | 14.15% |
| Date | Price |
|---|---|
| Apr 16, 2026 | $93.27 |
| Apr 17, 2026 | $92.21 |
| Apr 20, 2026 | $92.91 |
| Apr 21, 2026 | $90.84 |
| Apr 22, 2026 | $88.94 |
| Apr 23, 2026 | $97.91 |
| Apr 24, 2026 | $101.55 |
| Apr 27, 2026 | $100.39 |
| Apr 28, 2026 | $99.52 |
| 4 days before | -4.64% |
| 4 days after | 11.90% |
| On release day | 10.09% |
| Change in period | 6.70% |
Churchill Downs Earnings Call Transcript Summary of Q1 2026
Churchill Downs Incorporated reported a strong start to 2026 with record first-quarter net revenue of $663 million and record adjusted EBITDA of $257 million, driven by broad-based execution across Live & Historical Racing and Wagering Services. Operational highlights include the on-time, on-budget opening of the Marshall Yards HRM venue in Kentucky, continued momentum in Virginia racing operations (48 race dates in 2026 and a successful Virginia Derby), rollout of electronic table games (ETGs) beginning in Kentucky HRM properties, and progress on the Rockingham Grand Casino project (on track for mid-2027). The company signed a definitive agreement to acquire the intellectual property rights to the Preakness and Black-Eyed Susan Stakes, subject to closing and with a fee structure disclosed (a base fee plus a percentage of handle). Management reiterated capital guidance and returned substantial cash to shareholders: the company generated $276 million of free cash flow in the quarter, expects 2026 project capex of $180–$220 million and maintenance capex of $90–$110 million, and ended the quarter with bank covenant net leverage of 3.9x. Management emphasized strategic investments to expand Derby Week and premium hospitality (Victory Run project targeted for 2028 completion), international growth opportunities for the Kentucky Derby, and a data-driven, iterative approach to expanding HRM product offerings and ETGs.
