Churchill Downs Q4 Earnings Call Highlights

Regional Gaming: Management cited resilience despite headwinds including roadwork and local curfews in Mississippi and minor weather impacts in December. Same-store, wholly owned casino margins (excluding racing) declined modestly by 0.8 points versus 2024, primarily reflecting Mississippi performance.Wagering Services and Solutions: Adjusted EBITDA rose 7% in 2025, primarily due to continued growth in the Exacta business, which the company acquired in 2024 to vertically integrate HRM technology.Virginia HR ...