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Churchill Downs quarterly revenue rises 1.9% to $696.0 million

Churchill Downs' revenue growth has more than halved. Results for the quarter ended September 30, 2026, from the earnings release filed with the SEC on Oct 28, 2026.

Octans ResearchPublished

Snapshot

Churchill Downs' revenue growth has more than halved: revenue rose 1.9% to $696.0 million in the quarter ended September 30, 2026, from $683.0 million a year earlier, after 4.9% year over year growth the quarter before.

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as of 16:00 ET · Realtime derived data

What We Know

Revenue for the quarter ended September 30, 2026 was $696.0 million, versus $683.0 million in the same quarter a year earlier, up 1.9%.

Bar chart: Churchill Downs: revenue, last eight quarters. US$ millions by fiscal quarter end, as of Oct 28, 2026. Dec 2024 624.2; Mar 2025 643.0; Jun 2025 934.0; Sep 2025 683.0; Dec 2025 665.9; Mar 2026 663.0; Jun 2026 980.0; Sep 2026 696.0. Latest quarter $696.0M, Up 1.9% vs a year earlier.
Source: SEC EDGAR (earnings release and XBRL financial data)

Quarterly revenue by fiscal quarter end, oldest first: Dec 2024: $624.2 million; Mar 2025: $643.0 million; Jun 2025: $934.0 million; Sep 2025: $683.0 million; Dec 2025: $665.9 million; Mar 2026: $663.0 million; Jun 2026: $980.0 million; Sep 2026: $696.0 million.

Octans View

Year over year revenue change by quarter, computed from the filed figures: Dec 2025 up 6.7%; Mar 2026 up 3.1%; Jun 2026 up 4.9%; Sep 2026 up 1.9%. On those figures, Churchill Downs' revenue growth has more than halved. That read compares the latest two year over year growth rates and nothing else.

Bear Case · Room for Disagreement

This brief covers reported revenue and diluted earnings per share only. It does not cover guidance, margins, segment results, cash flow or the earnings call, and it makes no forecast. Revenue is the total on the release line we matched; a company's own adjusted measures can differ.

Method and source. Octans Research matched the revenue line in the earnings release (Exhibit 99.1) to the year ago quarter the company reported in its own XBRL financial data; the two must agree before anything is published. The quarterly history comes from the same XBRL data. The text is generated from those verified figures by a fixed template; no model wrote it.

Chart

$CHDN adjusted close, last 6 months $CHDN adjusted close, last 6 months: series falling from 91.7 to 82 (−10.6%) from 2026-05-04 to 2026-10-28. Scale 70 to 95. 707580859095 2026-05-042026-10-28 $CHDN ADJUSTED CLOSE, LAST 6 MONTHS −10.6% 81.95
Source: Tiingo · As of 2026-10-28Indicative, not investment advice.

Sources

  1. [1]SEC EDGAR — Churchill Downs earnings release for the quarter ended September 30, 2026 (Exhibit 99.1), filed Oct 28, 2026
  2. [2]SEC EDGAR — Churchill Downs XBRL financial data (company facts)

These are the sources this piece was drafted from. How we verify. Found an error? Tell us and we correct it in public.

$696.0M

Revenue for the quarter ended September 30, 2026 was $696.0 million, versus $683.0 million in t… · What we know

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