Why Churchill Downs (CHDN) Stock Is Falling Today
Shares of racing, gaming, and entertainment company Churchill Downs (NASDAQ:CHDN) fell 14.9% in the morning session after the company reported mixed first quarter 2025 results, which included an EPS beat, but revenue and EBITDA were in line. Revenue was up 9%, with both gaming and racing up around 10%. But TwinSpires, where customers place horse bets online, saw less action, which softened the overall results. Management maintained a steady tone, reaffirming confidence in its core businesses but