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Churchill Downs (CHDN) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Churchill Downs Revenue Highlights

Latest Revenue (Y)

$2.46B

Latest Revenue (Q)

$628.50M

Main Segment (Y)

Gaming

Churchill Downs Revenue by Period

Churchill Downs Revenue by Year

DateRevenueChange
2023-12-31$2.46B36.02%
2022-12-31$1.81B13.31%
2021-12-31$1.60B51.54%
2020-12-31$1.05B-20.73%
2019-12-31$1.33B31.78%
2018-12-31$1.01B14.32%
2017-12-31$882.60M-32.55%
2016-12-31$1.31B7.94%
2015-12-31$1.21B49.13%
2014-12-31$812.93M4.31%
2013-12-31$779.33M6.41%
2012-12-31$732.38M5.10%
2011-12-31$696.85M19.05%
2010-12-31$585.35M33.12%
2009-12-31$439.70M2.12%
2008-12-31$430.57M4.83%
2007-12-31$410.74M9.04%
2006-12-31$376.67M-7.86%
2005-12-31$408.80M-11.73%
2004-12-31$463.11M9.16%
2003-12-31$424.23M-3.41%
2002-12-31$439.19M2.85%
2001-12-31$427.04M17.96%
2000-12-31$362.02M40.10%
1999-12-31$258.40M75.42%
1998-12-31$147.30M23.89%
1997-12-31$118.90M10.19%
1996-12-31$107.90M16.77%
1995-12-31$92.40M40.21%
1994-12-31$65.90M19.17%
1993-12-31$55.30M-

Churchill Downs generated $2.46B in revenue during NA 2023, up 36.02% compared to the previous quarter, and up 243.97% compared to the same period a year ago.

Churchill Downs Revenue by Quarter

DateRevenueChange
2024-09-30$628.50M-29.44%
2024-06-30$890.70M50.74%
2024-03-31$590.90M5.29%
2023-12-31$561.20M-1.97%
2023-09-30$572.50M-25.50%
2023-06-30$768.50M37.35%
2023-03-31$559.50M16.54%
2022-12-31$480.10M25.32%
2022-09-30$383.10M-34.23%
2022-06-30$582.50M59.98%
2022-03-31$364.10M-0.19%
2021-12-31$364.80M-7.18%
2021-09-30$393.00M-23.70%
2021-06-30$515.10M58.83%
2021-03-31$324.30M16.57%
2020-12-31$278.20M-17.64%
2020-09-30$337.80M82.50%
2020-06-30$185.10M-26.81%
2020-03-31$252.90M-9.87%
2019-12-31$280.60M-8.39%
2019-09-30$306.30M-35.84%
2019-06-30$477.40M79.88%
2019-03-31$265.40M21.19%
2018-12-31$219.00M-1.04%
2018-09-30$221.30M-41.67%
2018-06-30$379.40M100.42%
2018-03-31$189.30M5.81%
2017-12-31$178.90M-43.17%
2017-09-30$314.80M-30.34%
2017-06-30$451.90M61.68%
2017-03-31$279.50M0.43%
2016-12-31$278.30M-8.27%
2016-09-30$303.40M-30.81%
2016-06-30$438.50M52.05%
2016-03-31$288.40M5.88%
2015-12-31$272.39M-2.64%
2015-09-30$279.76M-31.64%
2015-06-30$409.24M63.10%
2015-03-31$250.91M49.08%
2014-12-31$168.31M-3.08%
2014-09-30$173.66M-42.81%
2014-06-30$303.65M81.49%
2014-03-31$167.31M3.38%
2013-12-31$161.83M-12.83%
2013-09-30$185.65M-34.58%
2013-06-30$283.77M91.64%
2013-03-31$148.07M-6.58%
2012-12-31$158.49M-3.87%
2012-09-30$164.88M-39.12%
2012-06-30$270.82M95.97%
2012-03-31$138.20M-7.42%
2011-12-31$149.26M-10.27%
2011-09-30$166.35M-33.38%
2011-06-30$249.69M89.80%
2011-03-31$131.55M-24.41%
2010-12-31$174.04M28.21%
2010-09-30$135.74M-32.30%
2010-06-30$200.51M167.17%
2010-03-31$75.05M-11.74%
2009-12-31$85.03M-15.72%
2009-09-30$100.90M-43.96%
2009-06-30$180.04M144.16%
2009-03-31$73.74M-14.20%
2008-12-31$85.94M-13.71%
2008-09-30$99.60M-44.45%
2008-06-30$179.30M172.82%
2008-03-31$65.72M-26.20%
2007-12-31$89.06M-

Churchill Downs generated $628.50M in revenue during Q3 2024, up -29.44% compared to the previous quarter, and up 81.78% compared to the same period a year ago.

Churchill Downs Revenue Breakdown

Churchill Downs Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Product and Service, Other$241.30M$152.90M$61.00M$61.50M$126.00M
Pari-Mutuel, Live And Simulcast Racing$468.20M$462.30M$502.60M$475.10M$407.90M
Gaming$968.60M$755.90M$695.40M$441.40M$585.80M
Pari-Mutuel, Historical Racing$767.70M$383.90M$253.00M$93.60M$81.60M
Racing Event-Related Services$152.30M$131.60M$76.70M$24.70M$128.40M

Churchill Downs's latest annual revenue breakdown by segment (product or service), as of Dec 23: Gaming (37.28%), Pari-Mutuel, Historical Racing (29.55%), Pari-Mutuel, Live And Simulcast Racing (18.02%), Product and Service, Other (9.29%), and Racing Event-Related Services (5.86%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Racing Event-Related Services$6.40M$177.40M$6.50M$4.70M$138.20M$2.90M$5.50M$3.10M$122.10M$900.00K$3.50M$6.90M$65.60M$700.00K$2.10M$20.00M$1.20M$1.40M$5.00M$5.50M
Gaming$269.70M$274.20M$228.40M$244.30M$245.90M$250.00M$210.90M$183.40M$184.30M$177.30M$172.10M$185.30M$186.00M$152.00M$121.70M$134.80M$34.80M$122.30M$143.30M$178.30M
Pari-Mutuel, Historical Racing$215.20M$221.40M$197.90M$187.40M$191.10M$191.30M$148.40M$82.20M$79.70M$73.60M$69.00M$66.20M$64.90M$52.90M$38.80M$27.10M$7.30M$20.40M$22.90M$21.30M
Pari-Mutuel, Live And Simulcast Racing$102.90M$170.30M$97.90M$107.40M$160.90M$102.00M$95.50M$96.40M$170.40M$100.00M$103.30M$112.30M$175.10M$111.90M$110.50M$146.90M$133.00M$84.70M$82.50M$93.70M
Product and Service, Other$72.20M$85.90M$61.20M$61.60M$67.70M$50.80M$43.90M$34.60M$46.00M$28.40M$7.80M$26.20M$17.60M$9.40M$27.40M$16.30M$8.80M$24.10M$26.90M$26.40M

Churchill Downs's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Gaming (40.47%), Pari-Mutuel, Historical Racing (32.29%), Pari-Mutuel, Live And Simulcast Racing (15.44%), Product and Service, Other (10.83%), and Racing Event-Related Services (0.96%).

Churchill Downs Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
IGTInternational Game$4.31B$1.07B
LNWLight & Wonder$2.90B$817.00M
CHDNChurchill Downs$2.46B$628.50M
ACELAccel Entertainment$1.17B$302.23M
EVRIEveri$807.82M$91.55M
AGSPlayAGS$356.54M$99.17M
INSEInspired Entertainment$323.00M$78.00M
NGMSNeoGames$191.54M$47.76M

CHDN Revenue FAQ

What is Churchill Downs’s yearly revenue?

Churchill Downs's yearly revenue for 2023 was $2.46B, representing an increase of 36.02% compared to 2022. The company's yearly revenue for 2022 was $1.81B, representing an increase of 13.31% compared to 2021. CHDN's yearly revenue for 2021 was $1.6B, representing an increase of 51.54% compared to 2020.

What is Churchill Downs’s quarterly revenue?

Churchill Downs's quarterly revenue for Q3 2024 was $628.5M, a -29.44% decrease from the previous quarter (Q2 2024), and a 9.78% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $890.7M, a 50.74% increase from the previous quarter (Q1 2024), and a 15.90% increase year-over-year (Q2 2023). CHDN's quarterly revenue for Q1 2024 was $590.9M, a 5.29% increase from the previous quarter (Q4 2023), and a 5.61% increase year-over-year (Q1 2023).

What is Churchill Downs’s revenue growth rate?

Churchill Downs's revenue growth rate for the last 3 years (2021-2023) was 54.13%, and for the last 5 years (2019-2023) was 85.13%.

What are Churchill Downs’s revenue streams?

Churchill Downs's revenue streams in c 23 are Product and Service, Other, Pari-Mutuel, Live And Simulcast Racing, Gaming, Pari-Mutuel, Historical Racing, and Racing Event-Related Services. Product and Service, Other generated $241.3M in revenue, accounting 9.29% of the company's total revenue, up 57.82% year-over-year. Pari-Mutuel, Live And Simulcast Racing generated $468.2M in revenue, accounting 18.02% of the company's total revenue, up 1.28% year-over-year. Gaming generated $968.6M in revenue, accounting 37.28% of the company's total revenue, up 28.14% year-over-year. Pari-Mutuel, Historical Racing generated $767.7M in revenue, accounting 29.55% of the company's total revenue, up 99.97% year-over-year. Racing Event-Related Services generated $152.3M in revenue, accounting 5.86% of the company's total revenue, up 15.73% year-over-year.

What is Churchill Downs’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Churchill Downs was Gaming. This segment made a revenue of $968.6M, representing 37.28% of the company's total revenue.