Welcome to our dedicated page for Codere Online Luxembourg Sa news (Ticker: CDRO), a resource for investors and traders seeking the latest updates and insights on Codere Online Luxembourg Sa stock.
Codere Online Luxembourg SA (CDRO) provides investors and industry observers with centralized access to official corporate communications in the dynamic online gaming sector. This resource aggregates all material developments including quarterly earnings reports, regulatory compliance updates, and strategic partnership announcements across its international markets.
Users gain efficient tracking of operational milestones through verified press releases and curated news coverage. The collection enables monitoring of market expansion efforts in Spain, Italy, and Latin America alongside technological innovations in sports betting platforms and casino product offerings.
Key content categories include financial performance disclosures, licensing developments in regulated jurisdictions, leadership changes, and platform enhancement initiatives. This structured approach helps stakeholders assess the company's positioning within the competitive igaming landscape.
Bookmark this page for direct access to Codere Online's latest corporate communications and third-party analyses of its market activities. Regular updates ensure informed decision-making regarding this international gaming operator's evolving business trajectory.
Codere Online (Nasdaq: CDRO), a prominent online gaming operator in Spain and Latin America, has announced two key updates. First, the company has successfully filed its 2023 annual report (Form 20-F) with the SEC within the extension period granted by the Nasdaq Hearings Panel. Second, Codere Online will release its Q1 2025 financial results on May 16, 2025, at 8:30 AM ET, followed by a management conference call to discuss results and provide a business update.
The earnings materials will be available on the company's website, and shareholders can request free hard copies of the annual report, though digital access is encouraged for environmental reasons.
Codere Online (NASDAQ: CDRO) has released its Q4 and full-year 2024 financial results, showing positive growth trends. The company reported Q4 total revenue of €50.0 million and net gaming revenue of €52.6 million, representing a 5% increase from Q4 2023. Net income excluding non-cash variation in fair value of public warrants reached €6.8 million in 2024, compared to a €4.0 million loss in 2023.
The company ended 2024 with a total cash position of €40.5 million and achieved its fourth consecutive quarter of positive Adjusted EBITDA, totaling €6.4 million for the full year. Looking ahead, Codere Online has provided 2025 guidance projecting net gaming revenue of €220-230 million and Adjusted EBITDA of €10-15 million.
Notable developments include a Board-approved share buyback plan of up to $5.0 million (subject to shareholder approval) and the implementation of a new 19% VAT on online deposits in Colombia, effective February 21, 2025.
Codere Online (NASDAQ: CDRO) has received a listing extension from the Nasdaq Hearings Panel, allowing the company to maintain its listing subject to filing its 2023 Annual Report by May 12, 2025. The extension was granted following a hearing on January 16, 2025, where the Panel reviewed the company's compliance plan for Listing Rule 5250(c)(1).
The company is actively working with its new auditor to complete and file the required 2023 Annual Report with the SEC within the granted extension period. Additionally, Codere Online has announced it will release its Q4 2024 financial results on February 20, 2025, before 8:30 AM US Eastern Time, followed by a management conference call to discuss results and provide a business update.
Codere Online (NASDAQ: CDRO) has commenced operations in Buenos Aires, Argentina, under a 5-year license from LOTBA. This move allows the company to tap into a market with an adult population of nearly 2.4 million, enhancing its presence in Latin America. The gross gaming revenue generated will incur a 10% tax. Codere Online now operates across six markets, including Spain and Mexico, and aims to leverage its established brand in Argentina to attract new customers.
FAQ
What is the current stock price of Codere Online Luxembourg Sa (CDRO)?
What is the market cap of Codere Online Luxembourg Sa (CDRO)?
