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 |
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)
6-K - Codere Online Luxembourg, S.A. (0001866782) (Filer)
SCHEDULE 13G/A - Codere Online Luxembourg, S.A. (0001866782) (Subject)
144 - Codere Online Luxembourg, S.A. (0001866782) (Subject)
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
Luxembourg, Grand Duchy of Luxembourg, November 18, 2024 – (GLOBE NEWSWIRE) Codere Online Luxembourg, S.A. ("Codere Online" or the "Company") (NASDAQ:CDRO), today announced that, on November 12, 2024, 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, 2023 (the "Form 20-F") in accordance with continued Listing Rule 5250(c)(1) (the "Public Reports Rule"). As previously reported, the
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
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
Madrid, Spain, June 17, 2024 – (GLOBE NEWSWIRE) Codere Online (NASDAQ:CDRO, the "Company"))), today announced that the Codere brand1 has been ranked 85th among the 100 most valuable brands in Brand Finance Spain's 2024 ranking. It marks the twelfth time since 2010 that the Codere brand has received this recognition in its home market, alongside global conglomerates such as Santander, Seat, and San Miguel. Most notably, it is the only company in the gaming industry to be included in the ranking. The recognition is the latest milestone in a strong year for the Company, which has enjoyed strong financial results both across its Spanish and Mexican operations. Alberto Telias, Chief Marketin
Luxembourg, Grand Duchy of Luxembourg, May 21, 2024 – (GLOBE NEWSWIRE) Codere Online Luxembourg, S.A. ("Codere Online" or the "Company") (NASDAQ:CDRO), today announced that it has received a letter from the Nasdaq Stock Market, dated May 20, 2024 (the "Letter"), notifying the Company that it is not in compliance with the requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) because it did not timely file its annual report on Form 20-F for the year ended December 31, 2023 (the "2023 20-F"). In accordance with Nasdaq Listing Rules, the Company has 60 calendar days from the date of the Letter to submit a plan to regain compliance with Nasdaq Listing Rules (the "Compl
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)
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
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
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