Churchill Downs Inc (NASDAQ:CHDN) Reports Mixed Q2 2025 Results with Revenue Slight Miss and EPS Beat

Churchill Downs Inc (NASDAQ:CHDN) reported mixed second-quarter results for 2025, with revenue slightly missing analyst expectations while earnings per share (EPS) came in ahead of estimates. The company posted revenue of $934.4 million, up 4.9% year-over-year but below the consensus estimate of $943.3 million. Adjusted EPS of $3.10 exceeded expectations of $3.13, marking a 2.9% beat.

Key Takeaways from Q2 2025 Earnings

• Revenue Growth but Slight Miss: Sales increased by 4.9% YoY to $934.4 million, falling short of the $943.3 million analysts had projected.
• EPS Outperformance: Non-GAAP earnings of $3.10 per share surpassed estimates of $3.13, reflecting disciplined cost management.
• Share Buyback Expansion: The company announced a new $500 million share repurchase program, signaling confidence in its financial position and commitment to returning capital to shareholders.

Market Reaction

Following the earnings release, Churchill Downs’ stock showed muted movement in after-hours trading, with no significant price change. Over the past month, shares have gained 8.2%, suggesting that investors had already priced in some optimism ahead of the report. The lack of a strong post-earnings reaction indicates that the slight revenue miss was offset by the EPS beat and the expanded buyback program.

Looking Ahead

Analysts expect Churchill Downs to generate $6.17 billion in revenue for the full year 2025, with Q3 sales projected at $684.7 million. The company did not provide explicit forward guidance in its press release, leaving investors to rely on consensus estimates. The new share repurchase initiative could provide additional support for the stock in the coming quarters.

For more detailed earnings estimates and historical performance, visit Churchill Downs’ earnings page.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.