Churchill Downs reported record Q2 2026 results, helped by a strong Kentucky Derby Week. Churchill Downs Q2 2026 saw growth from both its retail venues and the TwinSpires online wagering business. Retail remained the company’s largest source of revenue.

• Group revenue increased 5% year-on-year to a record USD 980 million (ca. EUR 850 million). Adjusted EBITDA rose 6% to USD 477 million (ca. EUR 414 million), while net income increased 11% to USD 241 million (ca. EUR 209 million). The company also reduced net bank leverage to 3.7x.
• Retail operations continued to drive the business. The Live and Historical Racing segment generated USD 575 million (ca. EUR 499 million) in revenue and USD 318 million (ca. EUR 276 million) in adjusted EBITDA, supported by record Kentucky Derby Week wagering, higher ticket sales, sponsorship income and stronger performance at Kentucky HRM venues.
• Online wagering also grew during the quarter. The Wagering Services and Solutions segment, which includes TwinSpires Horse Racing and Exacta, increased revenue to USD 178 million (ca EUR 154 million), while adjusted EBITDA reached USD 52 million (ca. EUR 45 million).  TwinSpires handled USD 634 million (ca. EUR 550 million) in wagers as Derby Week betting reached a new record.
• The Gaming segment reported revenue of USD 270 million (ca. EUR 234 million) and adjusted EBITDA of USD 133 million (ca. EUR 115 million). Results were supported by casino properties in New York, Indiana and Maryland.

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