CDRO - Earnings announcements

The Company delivered a strong set of results, with record net gaming revenueof €224.1 million and Adj. EBITDA of €13.8 million for FY 2025 Total revenue was €57.1 mm in Q4 2025, while net gaming revenue1 was €60.7 mm, 15% above Q4 2024.Mexico revenue was €29.4 mm in Q4 2025, while net gaming revenue was €32.8 mm, 31% above Q4 2024.Adj. EBITDA reached €6.7 mm in Q4 2025, €4.8 mm above Q4 2024.Net loss was €1.8 mm in 2025 versus a net income of €3.9 mm in 2024.Total cash position of €50.0 mm and no financial debt as of December 31, 2025.Outlook for FY 2026: Net gaming revenue of €235-245 mm and Adj. EBITDA2 of €15-20 mm.391 thousand repurchased shares for an aggregate amount of $2.7 mm under

Madrid, Spain and Tel Aviv, Israel, February 10, 2026 (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 fourth quarter 2025 results prior to 8:30AM US Eastern Time on February 26, 2026. 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 registratio

Total revenue was €47.7 mm in Q3 2025, while net gaming revenue1 was €51.6 mm in the period, flat versus Q3 2024 (3% in constant currency terms).Mexico revenue was €24.0 mm in Q3 2025, while net gaming revenue was €26.8 mm in the period, flat versus Q3 2024 (5% in constant currency terms).Net loss was €1.7 mm in 9M 2025 versus a net loss of €3.0 mm in 9M 2024.Total cash position of €48.3 mm as of September 30, 2025.Reiterating 2025 net gaming revenue outlook of €220-230 million and Adj. EBITDA2 outlook of €10-15 million.Repurchased $1.7 million of the Company's shares through November 14, 2025, under the Company's (recently upsized to) $7.5 million share buyback plan. Madrid, Spain and Tel

Madrid, Spain and Tel Aviv, Israel, October 28, 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 third quarter 2025 results prior to 8:30AM US Eastern Time on November 17, 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 registratio

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

Total revenue was €50.4 mm in Q1 2024, while net gaming revenue1 was €53.0 mm in the period, 34% above Q1 2023.Mexico revenue was €23.8 mm in Q1 2024, while net gaming revenue was €26.6 mm in the period, 51% above Q1 2023.Spain revenue (and net gaming revenue) reached €22.3 mm in Q1 2024, 21% above Q1 2023.Net income was €3.4 mm in Q1 2024 versus a net loss of €1.3 mm in Q1 2023.Total cash position of €38.5 mm as of March 31, 2024.Increasing full year 2024 net gaming revenue outlook to €195-210 mm and reiterating plan to be Adj. EBITDA and cash flow positive for the full year in 2024. Madrid, Spain and Tel Aviv, Israel, May 15, 2024 – (GLOBE NEWSWIRE) Codere Online (NASDAQ:CDRO, the "Comp

Madrid, Spain and Tel Aviv, Israel, May 10, 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 first quarter 2024 results prior to 8:30AM US Eastern Time on May 15, 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 ar

Total revenue was €46.9 mm in Q4 2023, while net gaming revenue1 was €50.1 mm in the period, 32% and 33% above those from Q4 2022, respectively.Mexico revenue was €22.6 mm in Q4 2023, while net gaming revenue1 was €25.1 mm in the period, 54% above Q4 2022.Spain revenue (and net gaming revenue) reached €20.8 mm in Q4 2023, 17% above Q4 2022.Net loss was €1.0 mm in Q4 2023 versus a net loss of €17.4 mm in Q4 2022.Total cash position of €41 mm as of December 31, 2023. Providing full year 2024 net gaming revenue outlook of €185-200 mm and expect to generate positive Adjusted. EBITDA and cash flow. Madrid, Spain and Tel Aviv, Israel, February 29, 2024 – (GLOBE NEWSWIRE) Codere Online (N

Madrid, Spain and Tel Aviv, Israel, February 14, 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 fourth quarter and full year 2023 results prior to 8:30AM US Eastern Time on February 29, 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 web

Total revenue was €41.1 mm in Q3 2023, while net gaming revenue1 was €43.2 mm in the period, 42% and 41% above those from Q3 2022, respectively.Mexico revenue was €18.8 mm in Q3 2023, while net gaming revenue1 was €21.0 mm in the period, 63% above Q3 2022.Spain revenue (and net gaming revenue) reached €18.9 mm in Q3 2023, 27% above Q3 2022.Net loss was €1.8 mm in Q3 2023 versus a net loss of €11.6 mm in Q3 2022.Total cash position of €43 mm as of September 30, 2023.Increasing full year 2023 net gaming revenue and Adj. EBITDA outlook to €155-165 mm and negative €10-18 mm, respectively, and reiterating plan to be Adj. EBITDA and cash flow positive for the full year in 2024. Madrid, Spain an

Madrid, Spain and Tel Aviv, Israel, November 3, 2023 (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 2023 results prior to 8:30AM US Eastern Time on November 15, 2023. 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 registratio

Total revenue was €37.1 mm in Q2 2023, while net gaming revenue1 was €39.1 mm in the period, 35% and 34% above those from Q2 2022, respectively.Mexico revenue was €16.2 mm in Q2 2023, while net gaming revenue was €18.0 mm in the period, 51% above of Q2 2022.Spain revenue (and net gaming revenue) reached €17.5 mm in Q2 2023 (24% above Q2 2022).Net loss was €1.7 mm in Q2 2023 versus a net loss of €6.7 mm in Q2 2022.Total cash position of over €45 mm as of June 30, 2023. Increasing full year 2023 net gaming revenue and Adjusted EBITDA outlook to €150-160 mm and negative €15-25 mm, respectively, and reiterating plan to be EBITDA and cash flow positive for the full year in 2024. Madrid, S

Madrid, Spain and Tel Aviv, Israel, August 25, 2023 (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 2023 results prior to 8:30AM US Eastern Time on August 31, 2023. 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

Total revenue was €37.6 mm in Q1 2023, while net gaming revenue1 was €39.5 mm in the period, 57% and 55% above those from Q1 2022, respectively.Mexico revenue was €15.8 mm in Q1 2023, while net gaming revenue was €17.6 mm in the period, 75% above of Q1 2022.Spain revenue (and net gaming revenue) reached €18.4 mm in Q1 2023 (40% above Q1 2022).Net loss was €1.3 mm in Q1 2023 versus a loss of €10.1 mm in Q1 2022.Total cash position of over €49 mm as of March 31, 2023.Reiterating outlook for 2023 and plan to be EBITDA and cash flow positive for the full year in 2024. Madrid, Spain and Tel Aviv, Israel, May 11, 2023 – (GLOBE NEWSWIRE) Codere Online (NASDAQ:CDRO, "the Company"))), a lead

Madrid, Spain and Tel Aviv, Israel, April 21, 2023 (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 first quarter 2023 results prior to 8:30AM US Eastern Time on May 11, 2023. 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

Total revenue was €35.6 mm in Q4 2022, while net gaming revenue was €37.7 mm in the period, in both cases 70% above Q4 20211. 2022 net gaming revenue reached €122.9 mm, 48% above 2021.Mexico revenue was €14.5 mm in Q4 2022, while net gaming revenue was €16.3 mm in the period, more than double that of Q4 2021.Spain revenue (and net gaming revenue) reached €17.8 mm in Q4 2022 (42% above Q4 2021).Net loss was €17.4 mm in Q4 2022 and €45.9 mm in 2022.Total cash position of nearly €54 mm as of December 31, 2022.Net gaming revenue and Adjusted EBITDA outlook for 2023 of between €140-150 mm and negative €20-30 mm, respectively. Madrid, Spain and Tel Aviv, Israel, February 28, 2023 – (GLOBE N

Madrid, Spain and Tel Aviv, Israel, February 10, 2023 (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 fourth quarter and full year 2022 results prior to 8:30AM US Eastern Time on February 28, 2023. 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 web

Total revenue was €28.9 mm in Q3 2022 (51% above Q3 2021), while net gaming revenue was €30.6 mm in the period (54% above Q3 2021)1.Mexico revenue was €11.4 mm in Q3 2022 (80% above Q3 2021), while Mexico net gaming revenue was €12.9 mm in the period (82% above Q3 2021).Spain revenue (and net gaming revenue) reached €14.9 mm in Q3 2022 (29% above Q3 2021 which was partially impacted by marketing restrictions implemented in 2021).Net loss was €11.6 mm in Q3 2022 (€28.4 mm in the first nine months of 2022).Total cash position of nearly €72 mm as of September 30, 2022. Madrid, Spain and Tel Aviv, Israel, November 16, 2022 – (GLOBE NEWSWIRE) Codere Online (NASDAQ:CDRO, "the Company"))), a lea

Madrid, Spain and Tel Aviv, Israel, October 26, 2022 (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 2022 results prior to 8:30AM US Eastern Time on November 16, 2022. 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 registratio

Total revenue was €27.4 mm in Q2 2022 (36% above Q2 2021), while net gaming revenue was €29.2 mm in the period (41% above Q2 2021)1.Mexico revenue was €10.6 mm in Q2 2022 (84% above Q2 2021), while Mexico net gaming revenue was €11.9 mm in the period (85% above Q2 2021).Spain revenue (and net gaming revenue) reached €14.1 mm in Q2 2022 (12% above Q2 2021 which was only partially impacted by marketing restrictions implemented in 2021).Net loss was €6.7 mm in Q2 2022 (€16.8 mm in the first half of 2022).Total cash position of nearly $88 mm (€85 mm) as of June 30, 2022. Madrid, Spain and Tel Aviv, Israel, September 1, 2022 – (GLOBE NEWSWIRE) Codere Online (NASDAQ:CDRO), a leading online

Madrid, Spain and Tel Aviv, Israel, August 22, 2022 (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 2022 results prior to 8:30AM US Eastern Time on September 1, 2022. 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 registratio

Total revenue was €23.9 mm in Q1 2022 (20% above Q1 2021), while net gaming revenue was €25.5 mm in the period, 24% above Q1 20211.Mexico revenue was €8.9 mm in Q1 2022 (55% above Q1 2021), while Mexico net gaming revenue was €10.0 mm in the period, 56% above Q1 2021.Spain revenue (and net gaming revenue) reached €13.2 mm in Q1 2022, above Q1 2021 (pre-regulation) levels.Net loss was €10.1 mm in Q1 2022 versus a €6.1 mm loss in Q1 2021.Strong available cash position of over $100 mm (€91 mm) as of March 31, 2022. Madrid, Spain and Tel Aviv, Israel, May 13, 2022 (GLOBE NEWSWIRE) – Codere Online (NASDAQ:CDRO), a leading online gaming operator in Latin America, has released its financial

Codere Online to Release Financial Results for the First Quarter 2022 on May 13 Madrid, Spain and Tel Aviv, Israel, April 27, 2022 (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 first quarter 2022 results prior to 8:30AM US Eastern Time on May 13, 2022. 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

 Codere Online Reports Financial Results for the Fourth Quarter and Full Year 2021 Total net gaming revenue1 was €22.2 mm in the fourth quarter and €83.2 mm in the year, within the outlook provided in October 2021. Mexico net gaming revenue was €7.9 mm in the fourth quarter and €27.9 mm in the year, 38% higher than 2020. Business combination completed on November 30, 2021, raising $116 mm ($103 mm net of expenses) which the Company expects is sufficient to fund its growth plan through to cash flow positive in 2024. Company launched operations in the City of Buenos Aires (Argentina) in December 2021. Total net gaming revenue outlook for 2022 of between €110 and €120 mm, which represents ap