LOUISVILLE, Ky., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) (the "Company", "CDI", "we") today reported business results for the quarter and full year ended December 31, 2025. Company Highlights Fourth quarter 2025 financial results, as compared to the prior year quarter: Record net revenue $665.9 million, up $41.7 million or 7%Net income attributable to CDI of $51.3 million, down $20.4 million or 28%Record Adjusted EBITDA of $247.0 million, up $10.4 million or 4% On Septe ...

The London Company, an investment management company, released its fourth-quarter 2025 investor letter for its “The London Company Mid Cap Strategy”. A copy of the letter can be downloaded here. In Q4 2025, US equities posted the third consecutive quarter of higher returns, with the Russell 3000 Index rising 2.4%. The market highlighted how investors balanced the optimism on earnings growth and concerns regarding AI returns and cooling macroeconomic factors. In the quarter, the portfolio returned 3.2% (3.0% ...

Dan Towriss, CEO of Cadillac Formula 1, discusses the team’s entry into Formula One amid new regulations and competition from rivals including Ford, as well as Cadillac Formula 1’s Super Bowl ads. He speaks with Katie Greifeld and Matt Miller on “The Close.” -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysi ...

Group 1: ClearBridge Investments and Mid Cap Strategy - ClearBridge Mid Cap Strategy underperformed against the Russell Midcap Index, which returned 0.16% during Q4 2025, due to narrow market leadership and sentiment-driven trading [1] - Weakness in information technology and real estate holdings negatively impacted returns, while gains in select consumer discretionary stocks provided partial support [1] - The portfolio management team expressed cautious optimism for the future, citing improving clarity around policy, interest rates, and business investment as potential positive factors for active stock selection [1] Group 2: Churchill Downs Inc. Overview - Churchill Downs Inc. operates gaming, racing, and online wagering assets, including the Kentucky Derby, with a one-month return of -11.91% and a market capitalization of approximately $7.029 billion [2] - The stock price of Churchill Downs Inc. has fluctuated between $85.58 and $126.60 over the past 52 weeks, closing at around $100.23 on January 27, 2026 [2] Group 3: Performance Insights on Churchill Downs Inc. - ClearBridge Investments highlighted Churchill Downs Inc. as a new holding that advanced as operating trends normalized following earlier weaknesses related to the Kentucky Derby and softer consumer sentiment [3] - Churchill Downs Inc. was held by 45 hedge fund portfolios at the end of Q3, an increase from 43 in the previous quarter, indicating growing interest among institutional investors [4]

Group 1 - President Trump is seeking to block state laws on AI and is advocating for a national regulatory framework [1] - The Federal Reserve has reappointed 11 of the 12 regional presidents for new 5-year terms, with Atlanta Fed President Rafael Bastik announcing retirement [1][2] - Costco's earnings and revenue exceeded estimates, with US comparable sales increasing by 5.9% and digital sales rising over 20% year-over-year [2] Group 2 - NASCAR has settled an antitrust lawsuit, granting permanent charters to all teams involved, although the terms of the settlement were not disclosed [3] - Elon Musk confirmed that SpaceX is planning to go public in 2026, responding to reports of an $800 billion valuation, which he stated was inaccurate [4] - Speculation around SpaceX's IPO suggests potential valuations could reach as high as $1.5 trillion, with Musk owning over 40% of the company [5]

I think when you're an American brand entering a European space, the first thing you want to do is ingratiate yourself in sports culture. That's what they're attempting to do. And look, a Super Bowl ad is among the most expensive of the year.This is owned by Mark Walter, who owns the Lakers and the Dodgers. This is pocket change to him. So how important is this, though, to Cadillac.I know you're focused on the Super Bowl as you're a big football fan, but I'm focused on the racing. Right. And I'm seeing such ...

The motor racing great Bruce McLaren once said, "Whatever we do, we must do it better than anyone else." And long before Zack Brown ran the famed papaya colored racing team, that McLaren spirit was alive and well. >> I read in TV Guide that Mickey Manel played golf at Russian Trails Country Club. I'm 12, 13 years old and I'm calling the country club every day.Is Mickey Manel in. Is Mickey Manel in. And one day they go, "Hold on." And I'm like, "Oh my god, like I might talk to Mickey Manel." 15 minutes go by ...

Core Insights - Churchill Downs (CHDN) reported $683 million in revenue for Q3 2025, marking an 8.7% year-over-year increase and a surprise of +1.36% over the Zacks Consensus Estimate of $673.83 million [1] - The EPS for the same quarter was $1.09, compared to $0.97 a year ago, resulting in an EPS surprise of +12.37% against the consensus estimate of $0.97 [1] Revenue Breakdown - Gaming revenue was reported at $265.5 million, slightly above the estimated $264.81 million, but reflecting a -1.8% change year-over-year [4] - Net revenue from Wagering Services & Solutions reached $118 million, exceeding the estimated $114.54 million [4] - Revenue from Live and Historical Racing was $305.7 million, surpassing the average estimate of $289.64 million, with a year-over-year increase of +21.1% [4] Adjusted EBITDA Performance - Adjusted EBITDA for All Other segments was reported at -$23.4 million, close to the average estimate of -$23.58 million [4] - Adjusted EBITDA for Wagering Services & Solutions was $46 million, exceeding the estimated $42.71 million [4] - Adjusted EBITDA for Gaming was $123.3 million, above the average estimate of $116.22 million, while Live and Historical Racing's adjusted EBITDA was $116.4 million, also surpassing the estimate of $112.13 million [4] Stock Performance - Over the past month, shares of Churchill Downs have returned -0.2%, in contrast to the Zacks S&P 500 composite's +1.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Business Ventures - Big Machine 创始人 Scott Borchetta 通过音乐事业积累了 450 million 美元的财富 [1] - Scott Borchetta 在纳什维尔经营着成功的娱乐产业，涉及音乐、赛车和威士忌 [1] Key Individuals - Scott Borchetta 在 Taylor Swift 青少年时期发现了她 [1]

Core Insights - Fox has acquired a 33% stake in Penske Entertainment, which owns the Indianapolis Motor Speedway and IndyCar, marking a strategic investment aimed at fostering growth for IndyCar and extending Fox Sports' media rights deal [1][4] - The partnership is expected to enhance IndyCar's visibility and engagement through innovative racing events, a stronger digital strategy, and improved promotion for drivers [4][5] - The Indianapolis 500 broadcast on Fox achieved an average of 7.01 million viewers, a 41% increase from the previous year, indicating a significant rise in IndyCar's viewership [8] Investment and Partnership Details - The investment is characterized as a strategic partnership to drive new growth for IndyCar, including a multi-year extension of Fox Sports' media rights [1][4] - Fox Sports is in its inaugural season broadcasting IndyCar, with all races aired on Fox, making it the only series in the U.S. not broadcast on cable [6][8] Leadership and Future Vision - Eric Shanks, CEO of Fox Sports, expressed enthusiasm about joining the IndyCar ownership group, emphasizing the sport's potential for storytelling and fan engagement [2][5] - Roger Penske highlighted the long-standing trust and shared vision between Fox and Penske Entertainment, indicating a commitment to the sport's growth trajectory [5] Viewership Trends - IndyCar has seen a 31% year-over-year increase in viewership this season, reflecting a positive trend in audience engagement [8]