CHDN Q2 2025 Earnings — Churchill Downs Incorporated Revenue & Financial Results | Market Cap Arena

CHDNChurchill Downs Incorporated

$6B

Q2 2025 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$934M+4.9% YoY

Gross Profit

$392M42.0% margin

Operating Income

$328M35.1% margin

Net Income

$217M23.2% margin

EPS (Diluted)

$3.00

QoQ Revenue Growth

+45.4%

Cash Flow

Operating Cash Flow

$240M

Free Cash Flow

$155M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$7.4B

Total Liabilities

$6.3B

Stockholders' Equity

$1.0B

Cash & Equivalents

$182M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$934M	$891M	+4.9%
Gross Profit	$392M	$388M	+1.1%
Operating Income	$328M	$330M	-0.7%
Net Income	$217M	$209M	+3.6%

Revenue Segments

Gaming

$266M27%

Pari-Mutuel, Historical Racing

$257M27%

Pari-Mutuel, Live And Simulcast Racing

$183M19%

Racing Event-Related Services

$173M18%

Product and Service, Other

$89M9%