Churchill Downs Q4 net income rises 24% to $71.7 million; EPS $0.95
Churchill Downs reported fourth quarter 2024 net revenue of $624.2 million, up 11%, and net income attributable to the company of $71.7 million, up 24%. For the full year, net revenue rose 11% to $2.7 billion and net income was $426.8 million, up 2%, a smaller gain that reflects an $86.2 million after-tax gain on the 2023 sale of the Arlington property. Headline results improved for shareholders, but the release does not include earnings guidance for 2025.
Key points
- Q4 2024 diluted EPS was $0.95 versus $0.76 a year earlier; adjusted EBITDA was $236.6 million, up 8%.
- Full-year 2024 diluted EPS was $5.68 versus $5.49; adjusted EBITDA was $1.2 billion, up 13%.
- The board approved an annual dividend of $0.409 per share, a 7% increase, paid January 3, 2025.
- Project capital is expected to be $350 million to $400 million in 2025.
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.