Churchill Downs Incorporated Reports 2026 Third Quarter Results
Churchill Downs reported record Q3 revenue of $696 million, up 2% year-over-year, with net income of $80 million versus $38 million last year (adjusted up 26% excluding prior-year impairment/insurance items). Adjusted EBITDA hit a record $264 million with gaming and wagering segments growing, though Racing EBITDA declined on Virginia competition and a new $5 million race-day tax.
Key figures
- Eps
- 1.15
- Revenue
- 696000000
- Revenue Yoy
- 2%
- Net income
- 80000000
- Q3 buyback
- 48000000
- New term loan
- 500000000
- Adjusted ebitda
- 264000000
- Dividend increase
- 7%
- Net bank leverage
- 3.8x
- Dividend per share
- 0.469
- Adjusted diluted eps
- 1.23
- Segment gaming ebitda
- [128000000,123000000]
- Segment racing ebitda
- [111000000,116000000]
- Segment wagering ebitda
- [48000000,46000000]
- New repurchase authorization
- 750000000
AI analysis
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