Churchill Downs (CHDN) Earnings Call Presentation

Financial Performance - The company experienced an 11% year-over-year revenue growth from 2023 to 2024[14] - Adjusted EBITDA increased by 13% from 2023 to 2024[14] - In Q1 2025, the company achieved a 9% year-over-year revenue growth[16] - Adjusted EBITDA grew by 1% in Q1 2025 compared to Q1 2024[16] Segment Performance (2024 vs 2023) - Live & Historical Racing revenue increased from $2.462 billion to $2.734 billion[14] - Wagering Services & Solutions revenue increased from $1.024 billion to $1.159 billion[14] - Gaming revenue increased from $591 million to $643 million[16] Capital Investments - The company plans to spend $250-290 million on project capital investments in 2025[22] - Maintenance capital expenditure is forecasted to be $90-100 million in 2025[168] Shareholder Returns - The company has returned nearly $2.1 billion of capital to shareholders since 2015 through dividends and share repurchases[171] - A new $500 million share repurchase program was announced on March 12, 2025[173] Kentucky Derby - The 150th Kentucky Derby had 167 million average viewers on NBC[60]