Churchill Downs posts record Q2 revenue of $934.4 million; diluted EPS rises to $2.99
Churchill Downs reported record second-quarter 2025 net revenue of $934.4 million, up 5%, and net income attributable to the company of $216.9 million, up 4%. Diluted EPS was $2.99 versus $2.79 a year earlier, and the board approved a new $500.0 million share repurchase program on July 22, 2025.
Key points
- Net revenue was $934.4 million, up $43.7 million or 5% from the prior-year quarter.
- Net income attributable to CDI was $216.9 million, up $7.6 million or 4%; diluted EPS was $2.99 versus $2.79.
- Adjusted EBITDA was $450.9 million, up $6.1 million or 1%.
- On July 22, 2025, the board approved a new $500.0 million share repurchase program; the company repurchased $250.4 million of stock in the second quarter.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits 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 July 23, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.