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How Investors Are Reacting To Churchill Downs (CHDN) Record Derby Week Wagering And Share Buybacks
Churchill Downs Incorporated recently reported first-quarter 2026 results with revenue of US$663 million and net income of US$83 million, while confirming it completed a US$70.8 million share repurchase program that retired 686,258 shares.
Record wagering and primetime broadcasts around the 152nd Kentucky Derby and Kentucky Oaks highlighted rising fan engagement and TwinSpires activity, supporting the company’s expectations for record Derby Week Adjusted EBITDA.
We’ll now examine how record...