Business Segments Churchill Downs Incorporated

Stocks

Real-time Estimate Cboe BZX Other stock markets 02:43:29 12/06/26 am AEST			5-day change	1st Jan Change
86.86 ^USD	-2.02%		+0.77%	-23.69%

20/05	Macquarie Cuts Price Target on Churchill Downs to $145 From $150, Keeps Outperform Rating	MT
24/04	Churchill Downs Incorporated, Q1 2026 Earnings Call, Apr 23, 2026

Breakdown by Business Segment (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
Gaming Operations
Live and Historical Racing	431M	646M	1.08B	1.27B	1.44B
Total Assets	683M	3.35B	3.87B	4.14B	-
CAPEX	-60.1M	-307M	-461M	-385M	-217M
EBITDA	175M	288M	475M	575M	637M
Gaming	698M	762M	975M	1.05B	1.05B
Total Assets	1B	1.82B	1.92B	1.95B	-
CAPEX	-10.3M	-11.8M	-188M	-130M	-29.9M
EBITDA	412M	422M	489M	507M	483M
Wagering Services and Solutions	433M	442M	458M	501M	526M
Total Assets	272M	288M	474M	461M	-
CAPEX	-17.4M	-87.6M	-14.6M	-19M	-22.7M
EBITDA	78M	114M	132M	166M	177M
Racing	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
Other Investments	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
All Other	73.9M	3.3M	900K	6.6M	8.7M
Total Assets	1.02B	749M	688M	718M	-
CAPEX	-4M	-17.1M	-12.7M	-12.6M	-5.4M
EBITDA	-37.9M	-59.9M	-72.2M	-87.9M	-92M
Corporate	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
Eliminations	-38.8M	-43.3M	-56.8M	-85.4M	-101M
Entertainment Software
Big Fish Games	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
Total Assets	-	-	-	-	-
Casinos
Casino	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-

Geographical breakdown of sales (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
United States	1.6B	1.81B	2.46B	2.73B	2.93B
Total Assets	2.98B	6.21B	6.96B	7.28B	7.48B
Interest Expense	-84.7M	-147M	-268M	-290M	-298M
Income Tax Expense	94.5M	169M	144M	144M	147M
D&A	98.2M	108M	162M	192M	227M
CAPEX	-91.8M	-457M	-676M	-547M	-275M
Net Income	249M	439M	417M	427M	383M
EBT	344M	609M	562M	573M	532M
Operating Income	284M	322M	564M	709M	684M