Churchill Downs reported record second-quarter revenue of $980 million and record adjusted EBITDA of $477 million, marking its sixth consecutive record second quarter for both measures. The results were driven by the 152nd Kentucky Derby, growth at historical racing machine properties, and continued expansion in wagering services. The company is also conducting a strategic review of nine wholly owned regional gaming properties and is exploring sales of those assets individually or in small groups, with potential proceeds aimed at reducing leverage, reinvesting in core operations, and repurchasing shares. Churchill Downs generated record first-half free cash flow of $474 million and plans continued investment in its $285 million Victory Run racetrack project, the Rockingham Grand Casino, and share buybacks while maintaining leverage near 3.6 to 3.8 times.
Churchill Downs Incorporatedrecord Q2 revenue and EBITDA, strategic review of regional casinos, and share buyback plans
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