Sam Ulrich
Vice President, Investor Relations
Replay available
Churchill Downs, Incorporated (NASDAQ: CHDN) Q4 2025 earnings conference call, held 2026-02-26. Replay captured from the company's public earnings webcast.

Vice President, Investor Relations
Chief Executive Officer
Chief Financial Officer
Analyst, Truist
Analyst, Jefferies
Analyst, Macquarie Capital
Analyst, Citizens
Analyst, JP Morgan
Watch the replay and follow the connected company analysis, news, and investor updates for Churchill Downs, Incorporated.
WEBVTT 00:00:00.031 -- 00:00:04.216 Good day, ladies and gentlemen, and welcome to the Churchill Downs Incorporated fourth 00:00:04.216 -- 00:00:08.320 quarter and full year 2025 results conference call. 00:00:08.320 -- 00:00:11.664 At this time, all participants are in a listen-only mode. 00:00:11.664 -- 00:00:15.187 Later, we'll conduct a question-and-answer session, and instructions will be given at 00:00:15.187 -- 00:00:20.193 that time. We ask all question-and-answer participants to please limit themselves 00:00:20.193 -- 00:00:25.779 to one question. As a reminder, this conference call is being recorded. 00:00:25.779 -- 00:00:28.982 I would now like to introduce your host for today's conference, Mr. 00:00:28.982 -- 00:00:33.522 Sam Ulrich. Vice President, Investor Relations. 00:00:33.785 -- 00:00:39.153 Thank you, Andrew. Good morning and welcome to our fourth quarter 2025 earnings conference 00:00:39.153 -- 00:00:43.820 call. After the company's prepared remarks, we will open the call for your questions. 00:00:43.820 -- 00:00:49.208 The company's 2025 fourth quarter business results were released yesterday afternoon. 00:00:49.208 -- 00:00:53.355 A copy of this release announcing results and other financial and statistical information 00:00:53.355 -- 00:00:58.082 about the period to be presented in this conference call, including information required 00:00:58.082 -- 00:01:03.294 by Regulation G is available at the section of the company's website titled News, located 00:01:03.294 -- 00:01:05.534 at ChurchillDownsIncorporated.com, 00:01:05.796 -- 00:01:08.839 as well as in the website's investor section. 00:01:08.839 -- 00:01:11.822 Before we get started, I would like to remind you that some of the statements that we 00:01:11.822 -- 00:01:14.684 make today may i...