Churchill Downs Reports Record Q4 2025 Earnings with Strong Financial Performance
Churchill Downs (CHDN) reported record net revenue and adjusted EBITDA for both Q4 2025 and the full year, driven by strong performance in its Live and Historical Racing segments and Wagering Services and Solutions. The company also achieved record handle levels for the Kentucky Derby and Derby Week, and generated $700 million in free cash flow for 2025.
Topics: earnings EBITDA financial performance revenue shareholder returns