MakeMyTrip vs Churchill Downs

MakeMyTrip Limited and Churchill Downs Incorporated are presented here to help readers compare their business models, financial performance, and market context. This page offers neutral, accessible analysis of strategies, revenue drivers, and competitive positioning, without price projections or endorsements. Educational content, not financial advice.

MakeMyTrip Limited and Churchill Downs Incorporated are presented here to help readers compare their business models, financial performance, and market context. This page offers neutral, accessible an...

Comparison Snapshot

Key Financial Metrics

MMYT

Metric

CHDN

$7.10B

Market Cap

$7.24B

67.33%

Potential Profit

34.31%

Buy

Analyst Rating

Buy

Investment Analysis

MakeMyTrip

MMYT

Pros

MakeMyTrip operates across multiple international markets, including India and several Southeast Asian countries, diversifying its geographic revenue base.
The company has shown strong revenue growth, with a trailing twelve months revenue of around $1.01 billion and positive net income, reflecting improving profitability.
Analysts maintain a consensus strong buy rating with an average price target around $120, indicating market confidence in significant future upside.

Considerations

MakeMyTrip’s valuation metrics are relatively high, with a price-to-earnings ratio over 100, implying that the stock may be priced for high growth which may not materialize.
The stock recently hit a new 52-week low with increased volatility and mixed analyst views, including some downgrades, suggesting near-term uncertainty.
Institutional ownership is substantial at around 52%, which can lead to volatility if large investors decide to reduce positions.

Churchill Downs

CHDN

Pros

Churchill Downs benefits from a diversified business model spanning live and historical racing, online wagering, and a regional casino gaming portfolio across multiple U.S. states.
The company continues to expand its gaming footprint with new property developments like Marshall Yards, signalling growth in operational capacity and revenue streams.
Churchill Downs holds the most profitable horse race wagering platform and has strong established brand presence in the racing and gaming industry.

Considerations

Revenue and profitability are exposed to regulatory and macroeconomic risks inherent in the gambling and gaming industry.
The live racing segment depends on attendance and wagering that can fluctuate due to changes in consumer behaviour or adverse economic conditions.
Expansion projects require significant capital investment, introducing execution risk and potential pressure on cash flow and balance sheet strength.

About The Companies

MakeMyTrip (MMYT)

MakeMyTrip Limited (MMYT) is an India-based online travel company that operates a marketplace for flights, hotels, holiday packages and ancillary services. Investors should know it benefits from India's rising domestic and outbound travel demand, digital adoption and increasing discretionary spending. Revenue stems from transaction fees, merchant model hotel bookings, packaged tours and advertising; margins can fluctuate with promotional activity and commission mix. Key strengths include brand recognition, a large user base and mobile-led distribution, while challenges include intense competition (global and local players), regulatory and tax changes, sensitivity to fuel prices and economic cycles, and the potential for travel disruptions (pandemic, geopolitical events). The company’s market capitalisation is about $8.57bn, reflecting investors’ expectations for growth in a large travel market. This summary is educational, not advice: travel stocks can be volatile, and prospective investors should consider fit with their objectives and seek personalised guidance if needed.

Churchill Downs (CHDN)

Churchill Downs Incorporated is a US-based entertainment company best known for its flagship event, the Kentucky Derby. While horse racing is at its core, the business is diversified across several areas. Its operations are split into three main segments: Live and Historical Racing, which includes its famous racetrack; Gaming, which covers its casino properties; and Wagering Services, which features the popular online betting platform, TwinSpires. The company also provides technology for pari-mutuel wagering to other racetracks and betting facilities. This mix of live events, physical casinos, and online services gives the company a broad footprint in the American gaming and entertainment landscape. For investors, it's worth noting that the company's performance can be influenced by consumer spending habits, regulatory changes in the gaming industry, and the continued popularity of its key events and platforms. As with any investment, returns are not guaranteed and values can go down as well as up.

Which Baskets Do They Appear In?

Live Entertainment Lawsuit: What's Next for Rivals

The FTC's lawsuit against Live Nation and Ticketmaster alleges monopolistic control and deceptive practices in the live event industry. This legal challenge could create significant opportunities for competing ticketing platforms and event promoters to gain market share.

Published: September 19, 2025

MakeMyTrip vs Churchill Downs

Comparison Snapshot

Investment Analysis

MakeMyTrip

Pros

Considerations

Churchill Downs

Pros

Considerations

About The Companies

Which Baskets Do They Appear In?

Live Entertainment Lawsuit: What's Next for Rivals

Riding Europe's Airline Recovery

Leveling the Digital Playing Field

Which Baskets Do They Appear In?

Live Entertainment Lawsuit: What's Next for Rivals

Riding Europe's Airline Recovery

Leveling the Digital Playing Field

Activist Investor Impact: Travel Tech

Europe's Open Search Market

India's Hidden Gems

Indian Aviation Soars

India's Credit Growth Story

Ephemeral Experiences

Experience Economy

Wanderlust Economy

Made in India

Buy MMYT or CHDN in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

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Frequently asked questions

What is the key difference in business models between MakeMyTrip Limited and Churchill Downs Incorporated as shown in this comparison?

How do revenue bases differ for the two companies, and why does this matter for investors?

What do the pros say about MakeMyTrip’s growth potential, and what could be a concern for investors?

What advantages and risks come with Churchill Downs’ diversification within gaming and racing?

Why might investors focus on a stock that has substantial institutional ownership, as seen with MakeMyTrip?

What regulatory considerations should readers note for each stock, given their sectors?

How could macroeconomic conditions impact the performance outlook for both stocks?

What data points from the provided context are useful when comparing the two stocks on a page like this?

How should a reader interpret ‘pros’ and ‘cons’ lists when evaluating these stocks?

What is the importance of price targets in this comparison and how should they be interpreted?

Educational disclaimer: what should readers remember about using this page for learning?

Comparison Snapshot

About The Companies