Churchill Downs Q4 revenue up 7%, beats expectations
Overview
U.S. entertainment company's Q4 2025 revenue rose 7%, beating analyst expectations
Net income for Q4 2025 fell 28% yr/yr
Company opened new gaming facilities and announced $180-$200 mln investment in New Hampshire
Outlook
Company expects project capital expenditures of $180 to $220 mln in 2026
Result Drivers
RACING REVENUE GROWTH - Q4 2025 revenue increased due to growth in Kentucky and Virginia HRM venues, with new venue openings contributing
NEW VENUES - Openings of Roseshire Gaming Parlor in Virginia and Marshall Yards Racing & Gaming in Kentucky boosted Q4 revenue
NET INCOME DECLINE - Q4 net income fell due to increased transaction, pre-opening expenses, and a valuation allowance for deferred tax assets
Company press release: ID:nGNX1ScJMN
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $665.90 mln | $658.72 mln (12 Analysts) |
Q4 EPS |
| $0.71 |
|
Q4 Net Income |
| $51.30 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the casinos & gaming peer group is "buy"
Wall Street's median 12-month price target for Churchill Downs Inc is $140.50, about 46.1% above its February 24 closing price of $96.19
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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