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Churchill Downs Incorporated — Third Quarter 2026 Earnings Summary

Churchill Downs Incorporated reported record third-quarter 2026 net revenue of $696 million and net income attributable to CDI of $80 million, representing a 2% and 111% increase respectively compared to the prior year. The company announced a strategic partnership with NYRA for the Thoroughbred Championship Series starting in 2027, completed the acquisition of a 49% stake in United Tote Company, and secured approval to expand its historical racing machine venue in Virginia. Financial highlights include a record Adjusted EBITDA of $264 million, a 7% increase in the quarterly dividend to $0.469 per share, and the approval of a new $750 million share repurchase program.

Company
CHURCHILL DOWNS INC
Sector
Consumer Cyclical
Industry
Gambling