Churchill Downs reports Q1 revenue meeting expectations, with positive sales growth trends.

From Stock Story Inc.: 2025-04-23 17:18:00

Churchill Downs (NASDAQ:CHDN) reported Q1 CY2025 revenue of $642.6 million, meeting Wall Street expectations with an 8.7% year-on-year increase. Non-GAAP profit was $1.07 per share, 3.5% above analyst estimates. The company operates horse racing, online wagering, and gaming entertainment businesses in the U.S. Sales growth over the last five years averaged 16.2% annually, with Horse Racing, Gaming, and TwinSpires segments all showing revenue growth. Operating margin was 20.9% in Q1, and EPS was $1.07, surpassing estimates by 3.5%. Analysts project a 6.9% revenue increase over the next year. The stock initially dropped 2% following the results.



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