Churchill Downs Q3 net income rises to $80 million; revenue hits record $696 million
Churchill Downs reported third-quarter 2026 net revenue of $696 million, up $13 million or 2% from a year earlier, and net income attributable to the company of $80 million, up from $38 million. The prior-year quarter included a $35 million after-tax impairment charge, and excluding one-time items, net income rose $10 million or 26%, according to the release. The board also approved a new $750 million share repurchase program and a 7% dividend increase to $0.469 per share.
Key points
- Net revenue of $696 million, up $13 million or 2% from $683 million in Q3 2025
- Diluted EPS of $1.15 versus $0.54 a year earlier; adjusted diluted EPS of $1.23 versus $1.09
- Adjusted EBITDA of $264 million, up $2 million or 1%
- New $750 million repurchase program approved October 27, 2026; annual dividend of $0.469 per share payable January 5, 2027
The filing
Written by AI on Nov 7, 2026, 11:18 PM ET, from this filing only.
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.