Codere Online Luxembourg Sa Stock Price, News & Analysis

Codere Online (NASDAQ: CDRO) has successfully regained compliance with Nasdaq's listing requirements after filing its 2024 annual report on Form 20-F with the SEC on June 2, 2025. The online gaming operator, which focuses on Spanish and Latin American markets, received formal confirmation from Nasdaq that it now meets Rule 5250(c)(1) requirements. As a result, CDRO's securities will continue trading on the Nasdaq Capital Market, and the previously scheduled delisting review hearing for May 22nd has been cancelled. This development ensures the company maintains its position on the major exchange without risk of delisting.

Codere Online (NASDAQ: CDRO), a prominent online gaming operator in Spain and Latin America, has filed its 2024 annual report (Form 20-F) with the SEC. The filing is expected to resolve the company's compliance issues with Nasdaq Listing Rule 5250(c)(1), following a delisting determination received on May 16th. The company anticipates that its previously scheduled delisting hearing requested on May 22nd will no longer be necessary, pending Nasdaq's formal confirmation. The 2024 20-F report is available digitally on Codere Online's website, with hard copies available upon request to shareholders.

Codere Online (NASDAQ: CDRO) has received a delisting notice from Nasdaq on May 16, 2025, due to failing to file its 2024 Form 20-F on time. The delay stems from the extended audit process following the engagement of a new accounting firm on December 31, 2024. The company has formally requested a hearing to review the delisting determination and a stay of trading suspension. If Nasdaq doesn't grant the additional trading suspension stay, CDRO's trading will be suspended on June 6, 2025. Codere Online expects to file the 2024 Form 20-F and regain compliance by May 30, 2025, before any hearing. The company recently filed its 2023 Form 20-F on May 1, 2025.

Codere Online (NASDAQ: CDRO), a prominent online gaming operator in Spain and Latin America, has unveiled a commemorative jersey for Club de Futbol Monterrey's participation in the 2025 FIFA Club World Cup. The special edition kit, coinciding with the club's 80th anniversary, will feature Codere's logo exclusively on the front during the 32-team tournament. The partnership, now in its fourth year, includes an advertising campaign and unique fan experiences. To mark the announcement, the NASDAQ Tower in Times Square will display promotional content hourly throughout the day.

Alberto Telias, Codere Online's CMO, highlighted the company's pride in supporting Monterrey's growth, noting that Codere.mx has become a leading online gaming operator in Mexico. Pedro Esquivel, Monterrey's Executive President, emphasized the significance of having an internationally renowned sponsor for this important tournament.

Codere Online (NASDAQ: CDRO) reported its Q1 2025 financial results, with total revenue reaching €54.3 million and net gaming revenue of €57.0 million, up 8% year-over-year (17% in constant currency). Mexico showed strong performance with net gaming revenue of €30.5 million, up 15% YoY despite peso devaluation. The company reported a net loss of €0.7 million compared to €3.4 million net income in Q1 2024. Monthly active players increased 13% to 161,300. Management reiterated its 2025 outlook of €220-230 million in net gaming revenue and €10-15 million in Adj. EBITDA. The company has repurchased $0.5 million worth of shares under its $5.0 million buyback plan and is working to maintain Nasdaq listing compliance.

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.