Churchill Downs Reports Record Q2 2025 Earnings with Strong Revenue and EBITDA Growth
Churchill Downs (CHDN) reported record Q2 2025 earnings with net revenue of $934 million and adjusted EBITDA of $451 million, both all-time highs. The company saw growth in its Live and Historical Racing segment, driven by performance in Kentucky and Virginia, despite a slight decline in Churchill Downs Racetrack EBITDA due to a challenging comparison after the Kentucky Derby. The Kentucky Derby event attracted over 370,000 attendees and set new records for wagering and broadcast viewership.
Topics: broadcasting contract earnings EBITDA Kentucky Derby racing revenue