Churchill Downs CHDN Wagering Services and Solutions — Content Expense

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Questions, answered.

What is Churchill Downs's wagering services and solutions — content expense?

Churchill Downs (CHDN) reported wagering services and solutions — content expense of $43M in Q1 2026.

How has Churchill Downs's wagering services and solutions — content expense changed year-over-year?

Churchill Downs's wagering services and solutions — content expense decreased by 2.3% year-over-year, from $44M to $43M.

What is the long-term trend for Churchill Downs's wagering services and solutions — content expense?

Over 3 years (2022 to 2025), Churchill Downs's wagering services and solutions — content expense has grown at a 1.2% compound annual growth rate (CAGR), from $203.3M to $210.5M.

What does wagering services and solutions — content expense mean?

This represents the costs associated with licensing, acquiring, or producing the racing and sports content necessary to drive wagering volume. It is a fundamental variable cost for wagering platforms that rely on high-quality data and media feeds to attract users.