Churchill Downs Q1 2025 Update
Ticker: CHDN · Form: 10-Q · Filed: 2025-04-23T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, quarterly-report, racing, gaming
TL;DR
CDI Q1 2025 results are in - check the 10-Q for segment performance details.
AI Summary
Churchill Downs Inc. reported its first quarter 2025 results for the period ending March 31, 2025. The company's financial performance across its segments, including Live and Historical Racing, Wagering Services and Solutions, and Gaming, is detailed in this 10-Q filing. Specific financial figures and operational highlights for the quarter are presented.
Why It Matters
This filing provides investors and analysts with the latest financial performance data for Churchill Downs Inc., crucial for understanding the company's current operational health and future prospects in the racing and gaming industry.
Risk Assessment
Risk Level: medium — As a publicly traded company in the highly regulated and competitive gaming and racing industry, Churchill Downs faces inherent risks related to economic conditions, competition, and regulatory changes.
Key Numbers
- 2025-03-31 — End of Reporting Period (Marks the conclusion of the financial quarter being reported.)
- 2025-04-23 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
- 2025-01-01 — Start of Reporting Period (Indicates the beginning of the first quarter of 2025.)
Key Players & Entities
- Churchill Downs Inc. (company) — Filer of the 10-Q report
- 20250331 (date) — End of the reporting period
- 20250423 (date) — Filing date of the report
- 600 N HURSTBOURNE PKWY STE 400 (address) — Company's business and mailing address
- LOUISVILLE, KY (location) — Company's headquarters
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the first quarter of 2025, ending on March 31, 2025.
When was this 10-Q filed with the SEC?
This 10-Q was filed with the SEC on April 23, 2025.
What is Churchill Downs Inc.'s primary business classification?
Churchill Downs Inc. is classified under SERVICES-RACING, INCLUDING TRACK OPERATION [7948].
Where is Churchill Downs Inc. headquartered?
Churchill Downs Inc. is headquartered in Louisville, KY, with its business and mailing address at 600 N HURSTBOURNE PKWY, STE 400.
What are the main business segments reported by Churchill Downs Inc. in this filing?
The filing references segments including Live and Historical Racing, Wagering Services and Solutions, and Gaming.
From the Filing
0000020212-25-000067.txt : 20250423 0000020212-25-000067.hdr.sgml : 20250423 20250423163356 ACCESSION NUMBER: 0000020212-25-000067 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 80 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250423 DATE AS OF CHANGE: 20250423 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Churchill Downs Inc CENTRAL INDEX KEY: 0000020212 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-RACING, INCLUDING TRACK OPERATION [7948] ORGANIZATION NAME: 07 Trade & Services EIN: 610156015 STATE OF INCORPORATION: KY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-33998 FILM NUMBER: 25862065 BUSINESS ADDRESS: STREET 1: 600 N HURSTBOURNE PKWY STREET 2: STE 400 CITY: LOUISVILLE STATE: KY ZIP: 40222-5389 BUSINESS PHONE: 15023941166 MAIL ADDRESS: STREET 1: 600 N HURSTBOURNE PKWY STREET 2: STE 400 CITY: LOUISVILLE STATE: KY ZIP: 40222-5389 FORMER COMPANY: FORMER CONFORMED NAME: CHURCHILL DOWNS Inc DATE OF NAME CHANGE: 20160105 FORMER COMPANY: FORMER CONFORMED NAME: CHURCHILL DOWNS INC DATE OF NAME CHANGE: 19920703 10-Q 1 chdn-20250331.htm 10-Q chdn-20250331 0000020212 12-31 2025 Q1 FALSE P3Y P3Y http://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrMember 9 1 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure chdn:segment chdn:performance_condition chdn:performance_criteria 0000020212 2025-01-01 2025-03-31 0000020212 2025-04-16 0000020212 chdn:LiveAndHistoricalRacingMember 2025-01-01 2025-03-31 0000020212 chdn:LiveAndHistoricalRacingMember 2024-01-01 2024-03-31 0000020212 chdn:WageringServicesAndSolutionsMember 2025-01-01 2025-03-31 0000020212 chdn:WageringServicesAndSolutionsMember 2024-01-01 2024-03-31 0000020212 chdn:GamingMember 2025-01-01 2025-03-31 0000020212 chdn:GamingMember 2024-01-01 2024-03-31 0000020212 us-gaap:ProductAndServiceOtherMember 2025-01-01 2025-03-31 0000020212 us-gaap:ProductAndServiceOtherMember 2024-01-01 2024-03-31 0000020212 2024-01-01 2024-03-31 0000020212 2025-03-31 0000020212 2024-12-31 0000020212 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2024-12-31 0000020212 us-gaap:RetainedEarningsMember 2024-12-31 0000020212 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0000020212 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0000020212 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0000020212 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2025-03-31 0000020212 us-gaap:RetainedEarningsMember 2025-03-31 0000020212 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0000020212 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-12-31 0000020212 us-gaap:RetainedEarningsMember 2023-12-31 0000020212 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000020212 2023-12-31 0000020212 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0000020212 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0000020212 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2024-03-31 0000020212 us-gaap:RetainedEarningsMember 2024-03-31 0000020212 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000020212 2024-03-31 0000020212 chdn:UnitedToteCompanyMember 2024-04-08 0000020212 chdn:A2025StockRepurchaseProgramMember 2025-03-12 0000020212 chdn:A2021StockRepurchaseProgramMember 2025-03-12 0000020212 chdn:A2025StockRepurchaseProgramMember 2025-03-31 0000020212 chdn:A2025StockRepurchaseProgramMember 2025-01-01 2025-03-31 0000020212 chdn:A2025StockRepurchaseProgramMember 2024-01-01 2024-03-31 0000020212 chdn:A2021StockRepurchaseProgramMember 2025-01-01 2025-03-31 0000020212 chdn:A2021StockRepurchaseProgramMember 2024-01-01 2024-03-31 0000020212 chdn:StockRepurchaseAgreementWithTheDuchossoisGroupIncAffiliateMember 2023-12-18 2023-12-18 0000020212 chdn:StockRepurchaseAgreementWithTheDuchossoisGroupIncAffiliateMember 2023-12-18 0000020212 chdn:StockRepurchaseAgreementWithTheDuchossoisGroupIncAffiliateMember