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, S.A. (NASDAQ: CDRO) is an online gaming operator focused on online sports betting and online casino in its core markets of Spain, Mexico, Colombia, Panama and Argentina. The Codere Online news feed on Stock Titan aggregates company-issued announcements, financial updates and other disclosures that help investors and followers track developments at this Nasdaq-listed foreign private issuer.
News about Codere Online frequently covers its quarterly and interim financial results, including revenue, net gaming revenue, adjusted EBITDA and average monthly active players by geography. The company also reports on share repurchase activity under its authorized buyback plan, updates on Nasdaq listing compliance, and the timing of earnings releases and investor conference calls, which are announced in advance through press releases and Form 6-K filings.
Beyond financial reporting, Codere Online’s news highlights governance and leadership changes, such as the appointment of a new Chief Financial Officer, transitions of senior executives to board roles and changes in board committees, including the Compliance Committee. The company also issues updates on shareholder meetings, including annual general meetings and extraordinary general meetings, where board appointments and other corporate matters are put to a vote.
Codere Online’s communications additionally feature marketing and sponsorship initiatives in its core markets, for example partnerships with football clubs in Mexico and references to the Codere brand’s position in rankings of Spain’s most valuable brands. Investors and observers can use this news stream to follow how the company presents its strategy, brand positioning and operational focus across Spain and Latin America.
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), 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.