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Churchill Downs CHDN Q1 2025 earnings

Reported April 23, 2025 · After market close

Revenue$642.6MIn line
EPS$1.07Beat by $0.03
Revenue estimate$642.8M
EPS estimate$1.04

Next report

Oct 28, 2026 (in 3 months)
Revenue estimate$703.3M
EPS estimate$1.22

Financials

Q1 2025

Income statement

See full
Revenue$642.6M+8.7%
Operating income$134.6M+6.6%
Net income$76.7M-4.6%
EPS (diluted)$1.02-5.6%

Balance sheet

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Cash & equivalents$271.2M+22.2%
Total debt$1.8B-3.0%
Total equity$1.1B+29.6%
Total assets$7.3B+4.0%

Cash flow

See full
Operating cash flow$246.5M-3.2%
CapEx$12.6M+1.6%
Free cash flow$233.9M-3.5%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$8.16B-10.5%
Enterprise value$9.69B-9.9%
P/E19.3×-7.4×
P/S2.9×-0.7×

Profitability

See full
Operating margin25.7%+2.9pp
Net margin15.2%+1.5pp
FCF margin24.4%-2.8pp

Returns & leverage

See full
Return on equity44.6%-0.1pp
Debt / equity1.7×-0.6×
Current ratio0.5×0.0×

Segments

By product

See full
Gaming$263.2M+10.0%
Pari-mutuel, historical racing$246.1M+11.4%
Pari-mutuel, live and simulcast racing$102.0M+0.6%
Racing event-related services$2.1M-36.4%

By segment

See full
Gaming$267.2M+9.9%

Versus estimates

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Questions, answered.

When did Churchill Downs report Q1 2025 earnings?
Churchill Downs (CHDN) reported Q1 2025 earnings on April 23, 2025 after market close.
What were Churchill Downs's Q1 2025 revenue and EPS?
Churchill Downs reported revenue of $642.6M and eps of $1.07 for Q1 2025.
Did Churchill Downs beat estimates in Q1 2025?
Revenue missed the consensus estimate of $642.8M by $208.5K. EPS beat the consensus estimate of $1.04 by $0.03.
How did Churchill Downs's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.7% from $590.9M a year earlier and eps declined 5.3% from $1.13.
Where can I find Churchill Downs's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0000020212-25-000067) directly on SEC EDGAR. The filing index links above go to sec.gov.