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Churchill Downs (CHDN) investor relations material
Churchill Downs Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Business overview and investment case
Operates industry-leading, diversified businesses in live and historical racing, wagering services, and gaming, anchored by iconic assets like the Kentucky Derby.
Maintains a highly profitable financial profile with consistent growth in adjusted EBITDA and free cash flow.
Strategic focus on high-margin assets and a clearly defined growth pathway following the sale of nine regional gaming properties.
Proven management team with a track record of disciplined capital management and value creation.
Live and historical racing segment
Kentucky Derby remains the flagship asset, delivering record-breaking viewership, attendance, and wagering growth.
Launching the Thoroughbred Championship Series in 2027 to extend the racing season and deepen fan engagement.
Operates 8 HRM venues in Kentucky (~5,330 machines) and 8 in Virginia (~4,715 machines), with expansion into New Hampshire underway.
HRM venues support racing purses and agricultural industries, with significant growth in purses paid since 2018.
Wagering services and solutions
TwinSpires is a leading and profitable online horse racing platform, offering B2C and B2B services.
Expanding partnerships with major sports betting platforms and growing B2B technology services.
Exacta provides HRM technology to company venues and third parties, with ongoing domestic and international expansion.
- A six-race championship series launches in 2027 with major incentives and national TV coverage.CHDN
Status update - Record Q2 2026 revenue, profit, and asset sales strategy drive growth and reinvestment.CHDN
Q2 2026 - Iconic Kentucky Derby and diversified gaming drive record growth and shareholder returns.CHDN
Investor presentation - Iconic Kentucky Derby and diversified growth drive strong financial and shareholder returns.CHDN
Investor presentation - Record Q1 2026 revenue, higher net income, and major acquisitions drive expansion.CHDN
Q1 2026 - Record-breaking Kentucky Derby performance and diversified growth drive strong financial results.CHDN
Investor presentation - Record Kentucky Derby performance and diversified growth fuel robust financial results.CHDN
Investor presentation - Record Q3 revenue and EBITDA, but net income dropped sharply on a major impairment charge.CHDN
Q3 2025 - Record revenue, EBITDA, and new venue growth drive strong 2024 and set up continued gains.CHDN
Q4 2024
Next Churchill Downs earnings date
Next Churchill Downs earnings date
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