Codere Online Luxembourg, S.A. reports developments for an online gaming operator that offers sports betting and online casino through websites and mobile applications. The company operates in Spain, Mexico, Colombia, Panama and Argentina, with news often centered on net gaming revenue, adjusted EBITDA, monthly active players and market-level performance in Spain and Mexico.
Recurring updates also cover product expansion and content relationships, including poker, casino games and technology-provider partnerships, along with annual report filings, investor conference participation, share repurchase activity and balance-sheet disclosures such as cash and financial debt.
Codere Online (Nasdaq: CDRO) reported record FY 2025 net gaming revenue €224.1m and Adj. EBITDA €13.8m. Q4 2025 net gaming revenue reached €60.7m (+15% YoY) with Q4 Adj. EBITDA of €6.7m. FY net loss was €1.8m, total cash €50.0m and no financial debt as of Dec 31, 2025.
The company repurchased 391k shares for $2.7m through Feb 25, 2026, renewed Colombia license to 2030, and issued FY 2026 guidance: NGR €235–245m and Adj. EBITDA €15–20m.
Codere Online (Nasdaq: CDRO) launched an iOS Poker app in Mexico on February 19, 2026, developed with Playtech and integrated into Playtech’s P2P Poker network. The app supports cash tables, multi-table tournaments, Sit & Go and fast modes, and includes responsible gaming tools.
Codere plans Android Poker and Bingo next; the company reports >1,300 unique active monthly Poker users across existing channels, signalling demand as mobile access expands.
Codere Online (Nasdaq: CDRO) will release its Q4 2025 financial results before 8:30 AM US Eastern Time on February 26, 2026. Management will host a conference call at 8:30 AM ET the same day to discuss results and provide a business update.
Earnings materials, dial-in details and the audio webcast registration link will be available in the Events & Presentations section at www.codereonline.com. A recording of the webcast will be posted after the call.
Codere Online (Nasdaq: CDRO / CDROW) announced that management will participate in two upcoming virtual investor conferences in December 2025.
Management will attend the 5th Annual Craig-Hallum Online Gaming Conference on December 2, 2025 and the BTIG Digital GameDay: Gaming, Gambling and Sports Betting Forum on December 10, 2025. Attending representatives include Aviv Sher (CEO), Oscar Iglesias (former CFO), Marcus Arildsson (CFO) and Guillermo Lancha (Head of Investor Relations).
Investors interested in participating are instructed to contact a representative at the relevant conference firm.
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.