Churchill Downs Q1 net revenue hits record $663 million, up 3% from a year earlier
Churchill Downs reported first quarter 2026 results for the three months ended March 31, 2026. Net revenue rose to a record $663 million, up $20 million or 3%, and net income attributable to the company rose $6 million or 8% to $83 million, which lifts diluted EPS to $1.16 from $1.02. Shareholders get a higher profit on higher sales, though interest expense and a rise in income tax provision were also reported in the period.
Key points
- Net revenue of $663 million, up $20 million or 3% from $643 million in the prior year quarter
- Net income attributable to the company of $83 million, up 8%; diluted EPS of $1.16 versus $1.02
- Adjusted EBITDA of $257 million, up $12 million or 5%; net bank leverage of 3.8x at quarter end
- Company returned $31 million to shareholders through dividends in the quarter; conference call scheduled for April 23, 2026 at 9 a.m. ET
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 April 22, 2026.
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.