Codere Online Luxembourg Sa Stock Price, News & Analysis

Codere Online (Nasdaq: CDRO) reported preliminary Q3 2025 results: net gaming revenue €51.6M (flat vs Q3 2024), total revenue €47.7M (‑3% vs Q3 2024) and total cash €48.3M as of Sept 30, 2025. Mexico NGR was €26.8M (flat year-over-year; +5% in constant currency) while Spain NGR was €22.0M (+5%). Avg. monthly active players rose 11% to 159.2k (Mexico +39%).

The company reiterated 2025 guidance: NGR €220–230M and Adj. EBITDA €10–15M. Management changes include appointment of Marcus Arildsson as CFO and expected board role for outgoing CFO Oscar Iglesias subject to shareholder approval on Dec 1, 2025. The buyback was upsized to $7.5M and $1.7M repurchased through Nov 14, 2025.

Codere Online (Nasdaq: CDRO) announced on November 17, 2025 that Marcus Arildsson has been appointed Chief Financial Officer, effective immediately. Mr. Arildsson succeeds Oscar Iglesias, who will assist with a handover and is expected to join the Board pending shareholder approval at an Extraordinary General Meeting on December 1, 2025.

Mr. Arildsson brings over 25 years of international finance experience, including roles at Lehman Brothers and Merrill Lynch and work on more than €9 billion of cross-border transactions; he also advised on over €5 billion of deals at Arcano Partners and held CFO and executive roles at several companies.

Codere Online (NASDAQ: CDRO) will release its third quarter 2025 financial results prior to 8:30 AM US Eastern Time on November 17, 2025. Management will host a conference call at 8:30 AM US Eastern Time on November 17, 2025 to discuss results and provide a business update.

The earnings press release and related materials will be posted at www.codereonline.com in the Events & Presentations section, which also provides dial-in details and an audio webcast registration link. A recording of the webcast will be available after the call.

Codere Online (Nasdaq: CDRO), a leading online gaming operator in Spain and Latin America, announced that CFO Oscar Iglesias will step down from his position by December 31, 2025. Following his departure, Iglesias will transition to the company's Board of Directors, where he previously served from 2021 to 2023.

Iglesias, who joined Codere Online in 2021, played a crucial role in the company's 2021 public listing through its merger with DD3 Acquisition Corp. II. Prior to Codere Online, he spent six years at Codere Group as Global Head of Corporate Development and Deputy CFO. The company has initiated a search for a new CFO to ensure a smooth transition.

Codere Online (NASDAQ:CDRO) has released its Q2 2025 financial results, reporting net gaming revenue of €54.8 million, up 1% year-over-year (12% in constant currency). Mexico showed strong performance with net gaming revenue of €29.0 million, increasing 3% YoY (23% in constant currency), while maintaining solid growth in monthly active players (+36%).

The company reported a net loss of €3.1 million in H1 2025, compared to a €0.2 million loss in H1 2024, primarily due to exchange rate impacts. Codere Online maintains its 2025 outlook with projected net gaming revenue of €220-230 million and Adjusted EBITDA of €10-15 million. The company has repurchased $0.7 million of shares at an average price of $6.89 under its $5.0 million buyback plan and has regained compliance with Nasdaq listing requirements.

Codere Online (NASDAQ:CDRO) has strengthened its partnership with Club de Futbol Monterrey by becoming the main sponsor of Rayadas, the women's team in Liga MX Femenil. The partnership, effective July 13th, 2025, features the Codere Online logo on Rayadas' match-day jerseys.

The collaboration includes various campaigns and fan experiences aimed at promoting women's football in Mexico. This sponsorship builds upon Codere Online's existing partnership with Rayados men's team, where it serves as the Official Betting Partner. The company's codere.mx platform maintains its position as a leading online gaming platform in Mexico.

Codere Online (NASDAQ: CDRO), a prominent online gaming operator in Spain and Latin America, has scheduled its second quarter 2025 financial results release for July 31, 2025, before 8:30 AM ET.

The company will host a conference call and webcast at 8:30 AM ET on the same day, where management will discuss the quarterly results and provide a business update. All materials, including the earnings release, dial-in details, and webcast registration link, will be available on the company's website at www.codereonline.com in the Events & Presentations section.

Codere Online (Nasdaq: CDRO), a prominent online gaming operator in Spain and Latin America, has improved its position in Brand Finance's ranking of Spain's most valuable brands, moving up to 77th place from 85th in 2024. The company remains the only gaming brand on the prestigious list since 2010, alongside major Spanish brands like Zara and Movistar.

The company's success is supported by strategic partnerships with Real Madrid and C.F. Monterrey, including activations around the FIFA Club World Cup. In Spain, where operations began in 2014, Codere Online generated over €87 million in net gaming revenue for the twelve months ended March 31, 2025, serving more than 50,000 average monthly active players.

Codere Online (Nasdaq: CDRO), a prominent online gaming operator in Spain and Latin America, has announced two significant corporate governance updates. First, shareholders approved all 24 agenda items at the Annual General Meeting (AGM), including the confirmation and renewal of all current Board members.

Additionally, the company appointed A.G. Burnett as the new Chairman of the Compliance Committee, effective July 1, 2025. Burnett, a former Chairman of the Nevada Gaming Control Board (2012-2017), brings over 20 years of gaming regulation and law experience. He succeeds Mark Dunn, who has served since 2022.