CHDN Q1 2025 Earnings — Churchill Downs Incorporated Revenue & Financial Results | Market Cap Arena

CHDNChurchill Downs Incorporated

$6B

Q1 2025 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$643M+8.7% YoY

Gross Profit

$190M29.5% margin

Operating Income

$135M20.9% margin

Net Income

$77M11.9% margin

EPS (Diluted)

$1.02

QoQ Revenue Growth

+2.9%

Cash Flow

Operating Cash Flow

$247M

Free Cash Flow

$166M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$7.3B

Total Liabilities

$6.3B

Stockholders' Equity

$1.1B

Cash & Equivalents

$174M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$643M	$591M	+8.7%
Gross Profit	$190M	$185M	+2.3%
Operating Income	$135M	$126M	+6.6%
Net Income	$77M	$80M	-4.6%

Revenue Segments

Gaming

$263M38%

Pari-Mutuel, Historical Racing

$246M36%

Pari-Mutuel, Live And Simulcast Racing

$102M15%

Product and Service, Other

$72M10%

Racing Event-Related Services

$2M0%