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Churchill Downs reports $663 million revenue for first quarter of 2026

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Churchill Downs reported first-quarter 2026 net revenue of $663 million, up $20 million, or 3%, year on year. Net income attributable to the company was $83 million, while adjusted EBITDA reached $257 million. The company also said it plans to invest $180 million to $200 million in Rockingham Grand Casino, due to open in mid-2027.

Investors can weigh revenue growth and earnings against the planned Rockingham Grand Casino investment.

End-of-day close Churchill Downs (CHDN), USD, to 5 June 2026
Story date9 March 20265 June 2026

Latest reported results

Churchill Downs NASDAQ: CHDN

Quarter ended 30 September 2026

Revenue
USD 696.0m10-Q filing 0000020212-26-000084
Operating income
USD 143.0m10-Q filing 0000020212-26-000084

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Churchill Downs reports lower Virginia HHR revenue in October

Churchill Downs’ historical horse racing machine revenue in Virginia fell by a blended 5.6% in October, with Richmond-area parlours recording larger declines, according to reported figures. Colonial Downs revenue dropped 18.1% to $3.5 million, while the Richmond-area Rosie’s generated $10.4 million, down 17.8%.

Churchill Downs owns every one of the historical horse racing machines, and the combined rate for them was minus 5.6 percent. Without counting Richmond, the historical horse racing machines saw a two percent slippage. Only two of the Churchill Downs properties ended the month revenue-positive.

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