Welcome to our dedicated page for Codere Online Luxembourg Sa news (Ticker: CDROW), 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 / CDROW) is an online sports betting and online casino operator focused on Spain and several Latin American markets, including Mexico, Colombia, Panama and Argentina. The Codere Online news feed on Stock Titan aggregates company announcements, financial updates and corporate developments that the company releases through press statements and SEC filings.
Investors following Codere Online news can see regular quarterly financial results, where the company reports revenue, net gaming revenue and Adjusted EBITDA under IFRS with additional non-GAAP metrics. These updates often include geographic breakdowns for Spain, Mexico and other markets, commentary from management on customer activity, and reconciliations between IFRS and non-GAAP measures.
The news stream also features governance and leadership changes, such as chief financial officer transitions, appointments to the Board of Directors and updates on board committees like the Compliance Committee. Codere Online discloses these changes through press releases and accompanying Form 6-K filings, clarifying the context and timing of each decision.
Another important category of news involves capital markets and listing matters, including information about compliance with Nasdaq listing requirements, share buyback plans and participation in investor conferences focused on gaming, gambling and sports betting. These items help investors understand how the company interacts with public markets and manages its capital structure.
Codere Online also publishes brand and sponsorship news, such as partnerships with football clubs in Mexico and recognition of the Codere brand in external rankings of Spanish brands. These announcements highlight the company’s marketing initiatives and presence in its core markets. For ongoing insight into Codere Online’s operations, financial performance and corporate actions, readers can review the latest items on this dedicated news page.
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.
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.