Churchill Downs Inc reported second-quarter 2026 results with revenue of $980M, net income attributable to the company of $241M and diluted EPS of $3.42, each higher versus the year-ago quarter on stronger Derby Week performance and improved HRM results.
Financial Highlights
- Revenue: $980M for 2Q 2026, up from $934M in the year-ago quarter (4.9% YoY).
- Net income: $241M attributable to Churchill Downs Incorporated for 2Q 2026, up from $217M in the year-ago quarter (11.1% YoY).
- Diluted earnings per share: $3.42 for 2Q 2026, up from $2.99 in the year-ago quarter (14.4% YoY).
Business Highlights
- Net revenue rose 3.9% year-over-year in Q2, driven by record-breaking Derby Week and stronger historical racing machine (HRM) performance in Kentucky and Virginia.
- Wagering services expanded via record Derby wagering and Exacta product expansion; online and retail sports betting posted modest gains.
- Churchill Downs Racetrack saw higher NBC broadcast, ticketing, sponsorship and licensing revenues related to Derby Week, supporting brand momentum.
- Operationally, the company discontinued Louisiana HRM operations in May 2025 and redeployed machines to other venues while advancing the Rockingham and Victory Run projects.
- Segment performance was led by Live & Historical Racing in Adjusted EBITDA growth, with Gaming and Wagering also contributing despite the Louisiana HRM cessation.
Original SEC Filing:
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