Codere Online Luxembourg, S.A. operates as an online gaming and sports betting operator in Latin America. The company offers online sports betting and casino services through its website and a mobile application. It operates in Spain, Italy, Mexico, Colombia, and Panama. The company is based in Luxembourg, Luxembourg.
IPO Year:
Exchange: NASDAQ
Website: https://www.codereonline.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/11/2024 | $10.00 | Buy | Craig Hallum |
| 2/22/2022 | $10.00 | Outperform | Noble Capital Markets |
| 1/4/2022 | $10.00 | Buy | Stifel |
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Luxembourg, Grand Duchy of Luxembourg, September 2, 2025 – (GLOBE NEWSWIRE) Codere Online (NASDAQ:CDRO, the "Company")), a leading online gaming operator in Spain and Latin America, today announced that Oscar Iglesias, the Company's Chief Financial Officer, notified the Company of his decision to step down from his role for personal reasons, effective upon the earlier of the completion of an orderly transition to his successor or December 31, 2025. In connection with the transition and subject to shareholder approval, the Company's Board of Directors (the "Board") shall appoint Mr. Iglesias to the Board, where he formerly served between 2021 and 2023 and where he will remain actively engage
Total revenue was €51.4 mm in Q2 2025, while net gaming revenue1 was €54.8 mm in the period, 1% above Q2 2024 (12% in constant currency terms).Mexico revenue was €26.3 mm in Q2 2025, while net gaming revenue was €29.0 mm in the period, 3% above Q2 2024 (23% in constant currency terms).Net loss was €3.1 mm in H1 2025 versus a net loss of €0.2 mm in H1 2024 primarily due to the impact from exchange rates (€3.0 mm loss in H1 2025 versus €4.8 mm gain in H1 2024).Total cash position of €45.2 mm as of June 30, 2025.Reiterating 2025 net gaming revenue outlook of €220-230 million and Adj. EBITDA2 outlook of €10-15 million.Repurchased $0.7 million of the Company's shares under the Company's $5.0 mi
Codere Online to become the main sponsor of RayadasRayadas, Puma and Codere have unveiled the new kit for the 2025-2026 season Mexico City / Monterrey, July 14, 2025 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (NASDAQ:CDRO) (the "Company" or "Codere Online") a leading online gaming operator in Spain and Latin America, is proud to strengthen its partnership with Club de Futbol Monterrey as the main sponsor of Rayadas, the multi-champion women's team in Liga MX Femenil. Starting on July 13th, the Codere Online logo featured on the front of the Rayadas match-day jersey, debuting in its opening fixture against Pumas in matchday one of the Apertura 25 tournament. The branding will also
Madrid, Spain and Tel Aviv, Israel, July 10, 2025 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (NASDAQ:CDRO) (the "Company" or "Codere Online") a leading online gaming operator in Spain and Latin America, today announced that it will release its second quarter 2025 results prior to 8:30AM US Eastern Time on July 31, 2025. At 8:30AM US Eastern Time on the same day, Codere Online's management will host a conference call to discuss the results and provide a business update. The Company's earnings press release and related materials will be available on Codere Online's website at www.codereonline.com. Dial-in details for the conference call as well as the audio webcast registration link a
Madrid, Spain, July 10, 2025 – (GLOBE NEWSWIRE) Codere Online (NASDAQ:CDRO, the "Company")), a leading online gaming operator in Spain and Latin America, today announced that the Codere brand1 has improved its position to 77th, up from 85th in 2024, in a ranking of Spain's most valuable brands, according to Brand Finance. Codere remains the only gaming brand on the list, marking its leadership in the sector, and maintains its record of consistently being named on the Top 100 list since 2010, putting it alongside household names such as Zara, Vueling and Movistar as titans in Spanish business. The last year has seen Codere Online continue to expand in its core markets of Spain and Mexico, a
Luxembourg, Grand Duchy of Luxembourg, June 30, 2025 – (GLOBE NEWSWIRE) Codere Online (NASDAQ:CDRO, the "Company")), a leading online gaming operator in Spain and Latin America, today announced the favorable resolution of all 24 agenda items at the Annual General Meeting ("AGM") held today at the registered office of the Company, including the confirmation and renewal of all currently serving Board members, thereby maintaining the existing composition of the Board. For detailed biographies of the members of our Board of Directors please visit our website. Appointment of A.G. Burnett as Chairman of the Compliance Committee In the Board of Directors meeting held earlier this month ahead of
Luxembourg, Grand Duchy of Luxembourg, June 9, 2025 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (NASDAQ:CDRO) (the "Company" or "Codere Online"), a leading online gaming operator in Spain and Latin America, today announced that its 2025 Annual General Meeting of Shareholders ("AGM") will be held on June 30, 2025 at 3:00 PM CET at the registered office of the Company. The convening notice of the AGM, including the agenda, proposed resolutions, and voting instructions, is available on the Shareholders Meetings section of the Company's website at codereonline.com and is being furnished to the U.S. Securities and Exchange Commission on Form 6-K. Shareholders of record as of the close of
Luxembourg, Grand Duchy of Luxembourg, June 6, 2025 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (NASDAQ:CDRO) (the "Company" or "Codere Online"), a leading online gaming operator in Spain and Latin America, today announced that it has received formal notification from the Nasdaq Stock Market LLC ("Nasdaq") confirming that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) and that the Company is therefore in compliance with the Nasdaq Capital Market's listing requirements. As a result, the Company's securities will continue to be listed and traded on the Nasdaq Capital Market and are no longer subject to a delisting process. This confirmation follows Codere Online
Luxembourg, Grand Duchy of Luxembourg, June 2, 2025 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (NASDAQ:CDRO) (the "Company" or "Codere Online"), a leading online gaming operator in Spain and Latin America, today announced that it has filed with the U.S. Securities and Exchange Commission ("SEC") its annual report on form 20-F for the year ended December 31, 2024 (the "2024 20-F"). By filing the 2024 20-F, the Company believes it has regained compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule"). As a result, the Company believes that the hearing requested on May 22nd to review the delisting determination received on May 16th will no longer be necessary. The Company awaits Nas
Luxembourg, Grand Duchy of Luxembourg, May 22, 2025 - (GLOBE NEWSWIRE) Codere Online Luxembourg, S.A. ("Codere Online" or the "Company") (NASDAQ:CDRO), today announced that, on May 16, 2025, it received a staff determination letter (the "Letter"), from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company of the determination from the Nasdaq Staff (the "Staff") to delist the Company's securities from The Nasdaq Stock Market, given the Company had not filed its Form 20-F for the year ended December 31, 2024 (the "2024 Form 20-F") in accordance with continued Listing Rule 5250(c)(1) (the "Public Reports Rule"). As previously reported, the Compan
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Craig Hallum initiated coverage of Codere Online Luxembourg, S.A. with a rating of Buy and set a new price target of $10.00
Noble Capital Markets initiated coverage of Codere Online Luxembourg with a rating of Outperform and set a new price target of $10.00
Stifel initiated coverage of Codere Online Luxembourg with a rating of Buy and set a new price target of $10.00
6-K - Codere Online Luxembourg, S.A. (0001866782) (Filer)
6-K - Codere Online Luxembourg, S.A. (0001866782) (Filer)
6-K - Codere Online Luxembourg, S.A. (0001866782) (Filer)
6-K - Codere Online Luxembourg, S.A. (0001866782) (Filer)
6-K - Codere Online Luxembourg, S.A. (0001866782) (Filer)
6-K - Codere Online Luxembourg, S.A. (0001866782) (Filer)
6-K - Codere Online Luxembourg, S.A. (0001866782) (Filer)
20-F - Codere Online Luxembourg, S.A. (0001866782) (Filer)
6-K - Codere Online Luxembourg, S.A. (0001866782) (Filer)
6-K - Codere Online Luxembourg, S.A. (0001866782) (Filer)
Live finance-specific insights
Total revenue was €51.4 mm in Q2 2025, while net gaming revenue1 was €54.8 mm in the period, 1% above Q2 2024 (12% in constant currency terms).Mexico revenue was €26.3 mm in Q2 2025, while net gaming revenue was €29.0 mm in the period, 3% above Q2 2024 (23% in constant currency terms).Net loss was €3.1 mm in H1 2025 versus a net loss of €0.2 mm in H1 2024 primarily due to the impact from exchange rates (€3.0 mm loss in H1 2025 versus €4.8 mm gain in H1 2024).Total cash position of €45.2 mm as of June 30, 2025.Reiterating 2025 net gaming revenue outlook of €220-230 million and Adj. EBITDA2 outlook of €10-15 million.Repurchased $0.7 million of the Company's shares under the Company's $5.0 mi
Madrid, Spain and Tel Aviv, Israel, July 10, 2025 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (NASDAQ:CDRO) (the "Company" or "Codere Online") a leading online gaming operator in Spain and Latin America, today announced that it will release its second quarter 2025 results prior to 8:30AM US Eastern Time on July 31, 2025. At 8:30AM US Eastern Time on the same day, Codere Online's management will host a conference call to discuss the results and provide a business update. The Company's earnings press release and related materials will be available on Codere Online's website at www.codereonline.com. Dial-in details for the conference call as well as the audio webcast registration link a
Total revenue was €54.3 mm in Q1 2025, while net gaming revenue1 was €57.0 mm in the period, 8% above Q1 2024 (17% in constant currency terms).Mexico revenue was €27.6 mm in Q1 2025, while net gaming revenue was €30.5 mm in the period, 15% above Q1 2024 (34% in constant currency terms).Net loss was €0.7 mm in Q1 2025 versus a net income of €3.4 mm in Q1 2024.Total cash position of €41.8 mm as of March 31, 2025.Reiterating 2025 net gaming revenue outlook of €220-230 million and Adj. EBITDA2 outlook of €10-15 million.Repurchased $0.5 million of the Company's shares under the Company's $5.0 million share buyback plan through May 15, 2025. Madrid, Spain and Tel Aviv, Israel, May 16, 2025 – (G
Luxembourg, Grand Duchy of Luxembourg, May 1, 2025 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (NASDAQ:CDRO) (the "Company" or "Codere Online"), a leading online gaming operator in Spain and Latin America, today announced that it has filed with the U.S. Securities and Exchange Commission ("SEC") its annual report on form 20-F for the year ended December 31, 2023 (the "2023 20-F") within the extension period granted by the Nasdaq Hearings Panel. Following this positive development, the Company expects to release its first quarter 2025 results prior to 8:30AM US Eastern Time on May 16, 2025. At 8:30AM US Eastern Time on the same day, Codere Online's management will host a conference c
Total revenue was €50.0 mm in Q4 2024, while net gaming revenue1 was €52.6 mm in the period, 5% above Q4 2023.Net income excluding the non-cash variation in fair value of public warrants2 was €6.8 mm in 2024 versus a net loss of €4.0 mm in 2023.Total cash position of €40.5 mm as of December 31, 2024.Providing full year 2025 net gaming revenue outlook of €220-230 mm and Adj. EBITDA3 outlook of €10-15 mm.The Company's Board of Directors has authorized a share buyback plan of up to $5.0 mm, subject to shareholder approval. Madrid, Spain and Tel Aviv, Israel, February 20, 2025 – (GLOBE NEWSWIRE) Codere Online (NASDAQ:CDRO, the "Company")), a leading online gaming operator in Spain and Latin A
Luxembourg, Grand Duchy of Luxembourg, February 13, 2025 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (NASDAQ:CDRO) (the "Company" or "Codere Online"), a leading online gaming operator in Spain and Latin America, today announced that, by letter received on February 12, 2025, the Nasdaq Hearings Panel (the "Panel") of The Nasdaq Stock Market LLC ("Nasdaq") has determined to grant the Company's request to continue its listing on Nasdaq, subject to the Company filing its annual report on Form 20-F for the year ended December 31, 2023 (the "2023 Annual Report") on or before May 12, 2025. The Panel's determination follows a hearing on January 16, 2025, at which the Panel considered the Co
Total revenue was €49.2 mm in Q3 2024, while net gaming revenue1 was €51.7 mm in the period, 20% above Q3 2023.Mexico revenue was €24.2 mm in Q3 2024, while net gaming revenue was €26.7 mm in the period, 27% above Q3 2023.Spain revenue (and net gaming revenue) reached €20.9 mm in Q3 2024, 11% above Q3 2023.Net income excluding the non-cash variation in fair value of public warrants2 was €2.8 mm in 9M 2024 versus a net loss of €2.8 mm in 9M 2023.Total cash position of €44.0 mm as of September 30, 2024.Company expects to finish the year in the upper part of both full year 2024 net gaming revenue outlook of €205 - 215 mm and Adj. EBITDA3 outlook of positive €2.5 - 7.5 mm. Madrid, Spain and T
Madrid, Spain and Tel Aviv, Israel, November 22, 2024 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (NASDAQ:CDRO) (the "Company" or "Codere Online") a leading online gaming operator in Spain and Latin America, today announced that it will release its third quarter 2024 results prior to 8:30AM US Eastern Time on November 27, 2024. At 8:30AM US Eastern Time on the same day, Codere Online's management will host a conference call to discuss the results and provide a business update. The Company's earnings press release and related materials will be available on Codere Online's website at www.codereonline.com. Dial-in details for the conference call as well as the audio webcast registrati
Total revenue was €51.7 mm in Q2 2024, while net gaming revenue1 was €54.4 mm in the period, 39% above Q1 2023.Mexico revenue was €25.3 mm in Q2 2024, while net gaming revenue was €28.2 mm in the period, 57% above Q2 2023.Spain revenue (and net gaming revenue) reached €21.8 mm in Q2 2024, 25% above Q2 2023.Net income excluding the non-cash variation in fair value of public warrants2 was €5.5 mm in H1 2024 versus a net loss of €0.7 mm in H1 2023.Total cash position of €40.5 mm as of June 30, 2024.Increasing full year 2024 net gaming revenue outlook to €205 - 215 mm and Adj. EBITDA3 outlook to positive €2.5 - 7.5 mm. Madrid, Spain and Tel Aviv, Israel, July 31, 2024 – (GLOBE NEWSWIRE) Coder
Madrid, Spain and Tel Aviv, Israel, July 16, 2024 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (NASDAQ:CDRO) (the "Company" or "Codere Online") a leading online gaming operator in Spain and Latin America, today announced that it will release its second quarter 2024 results prior to 8:30AM US Eastern Time on July 31, 2024. At 8:30AM US Eastern Time on the same day, Codere Online's management will host a conference call to discuss the results and provide a business update. The Company's earnings press release and related materials will be available on Codere Online's website at www.codereonline.com. Dial-in details for the conference call as well as the audio webcast registration link
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SC 13G/A - Codere Online Luxembourg, S.A. (0001866782) (Subject)
SC 13G - Codere Online Luxembourg, S.A. (0001866782) (Subject)
SC 13G - Codere Online Luxembourg, S.A. (0001866782) (Subject)
SC 13G/A - Codere Online Luxembourg, S.A. (0001866782) (Subject)
Live Leadership Updates
Luxembourg, Grand Duchy of Luxembourg, June 30, 2025 – (GLOBE NEWSWIRE) Codere Online (NASDAQ:CDRO, the "Company")), a leading online gaming operator in Spain and Latin America, today announced the favorable resolution of all 24 agenda items at the Annual General Meeting ("AGM") held today at the registered office of the Company, including the confirmation and renewal of all currently serving Board members, thereby maintaining the existing composition of the Board. For detailed biographies of the members of our Board of Directors please visit our website. Appointment of A.G. Burnett as Chairman of the Compliance Committee In the Board of Directors meeting held earlier this month ahead of
Codere Online will officially sponsor Club de Fútbol Monterrey at the 2025 Club World Cup.Rayados, Codere Online and Puma present the uniform with which the team will commemorate the club's 80th anniversary. Mexico City/Madrid, May 19, 2025 - (GLOBE NEWSWIRE) Codere Online (NASDAQ:CDRO), a leading online gaming operator in Spain and Latin America, has launched the commemorative jersey that will accompany Club de Futbol Monterrey at the 2025 Club World Cup. This special edition kit comes as part of the Club's 80th Anniversary celebrations. With this sponsorship, the Codere logo will be displayed exclusively on the front of Monterrey Football Club's jersey during the 32-team tournament. In
Luxembourg, Grand Duchy of Luxembourg, June 25, 2024 – (GLOBE NEWSWIRE) Codere Online (NASDAQ:CDRO, the "Company"))), a leading online gaming operator in Spain and Latin America, today announced the favorable resolution of all 21 agenda items at the Annual General Meeting (AGM) held yesterday at the registered office of the Company, including the appointment of three new members to its Board of Directors. Mr. Gabriel Saenz de Buruaga, Mr. Taavi Davies and Mr. Claude Noesen have been appointed as directors for an initial term of one year, replacing Mr. Patrick Ramsey, Ms. Michal Elimelech, and Mr. Laurent Teitgen. Mr. Gonzaga Higuero, CEO of Codere Group, was re-appointed as director and
Mexico City, Mexico, June 18, 2024 – (GLOBE NEWSWIRE) Codere Online (NASDAQ:CDRO, the "Company"))), a leading online gaming operator in Spain and Latin America, is pleased to announce its groundbreaking collaboration with Blip, an AI-first conversational platform, to introduce an unparalleled gaming experience to its Mexican customers. This strategic alliance marks a significant milestone both in the global online gaming sector as well as in Mexico. As the largest market by revenue for Codere Online, Mexico has been a focal point of growth and investment over the past several years. With a clear commitment to enhancing the gaming experience for its customers, Codere Online
Luxembourg, June 22, 2023 – (GLOBE NEWSWIRE) Codere Online (NASDAQ:CDRO, "the Company"))), a leading online gaming operator in Spain and Latin America, today announced the favorable resolution of all 20 agenda items at the Annual General Meeting (AGM) held today at the registered office of the Company, including the appointment of Michal Elimelech as a new member of the Board of Directors. Ms. Elimelech will be replacing Oscar Iglesias as one of four directors nominated by Codere Newco S.A. The Board extends its sincere appreciation to Mr. Iglesias for his valuable contribution and dedication during his tenure as Board member and looks forward to continue working with him in his current e