Churchill Downs posts 3% revenue gain in Q1 as racing offsets gaming dip
Growth in Kentucky and Virginia historical racing helped lift first-quarter earnings, while the operator also moved ahead with expansion projects in New Hampshire and Kentucky.
Growth in Kentucky and Virginia historical racing helped lift first-quarter earnings, while the operator also moved ahead with expansion projects in New Hampshire and Kentucky.
Net income rises 57% as growth in Singapore and Macao drives strong quarter.
Supplier reports slight revenue decline despite strong LatAm growth and expansion plans in Brazil and Colombia.
The operator also managed to set a new quarterly high for adjusted EBITDA during the first quarter of 2026, increasing the total 19% year-over-year to nearly $49m.
Online betting and gaming GGR during Q1 2026 decreased 1% to €342m (US$401m) for the operator, while revenue generated by the vertical fell 8% year-on-year to €213m.
Games of fortune continue to dominate as casino numbers remain stable.
The provider also formed new sponsorship agreements during Q1 2026, including in Canada with the Oshawa Firewolves and Rock League Curling, as well as renewed its collaboration with CFR Cluj in Romania.
Adjusted EBITDA reaches PHP830m in preliminary first-quarter results.
Adam Greenblatt underlined a “steady” start to 2026 despite the operator’s lowered full year revenue expectations.
The operator experienced rises across the board with iGaming leading the way and a significant retail drop-off.