Churchill Downs Q2 FY26 net income rises 11% to $241 million; revenue increases 5% to $980 million
CHDN•Quarterly results
- Churchill Downs posted second-quarter net revenue of $980 million, up 5% from a year earlier.
- Net income attributable to shareholders climbed 11% to $241 million; diluted EPS rose to $3.42.
- Adjusted EBITDA, a non-GAAP measure, increased 6% to $477 million.
Segment performance and operating metrics
- Live and Historical Racing segment revenue rose to $575 million, driven by a record-breaking Kentucky Derby Week at Churchill Downs Racetrack.
- Net bank leverage ended the quarter at 3.7x; peak Kentucky Derby viewership reached 24.4 million, up 12%.
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