Research analysts who have asked questions during Codere Online Luxembourg earnings calls.
RS
Ryan Sigdahl
Craig-Hallum Capital Group
6 questions for CDRO
Also covers: ABG, CNTY, DKNG +19 more
Jeffrey Stantial
Stifel Financial Corp.
4 questions for CDRO
Also covers: AGS, BALY, BRAG +9 more
Michael Kupinski
Noble Capital Partners
3 questions for CDRO
Also covers: BOWL, CMLS, DRCT +12 more
AR
Arthur Roulac
Three Court
2 questions for CDRO
JS
Jeff Stantial
Stifel
2 questions for CDRO
PM
Pat McCann
Noble Capital Markets, Inc.
1 question for CDRO
Also covers: BTBT, SKYH, SKYX +1 more
Recent press releases and 8-K filings for CDRO.
Codere Online Reports H1 2025 Financials and Announces CFO Transition and LTIP Updates
CDRO
Earnings
CFO Change
Executive Compensation
- Codere Online reported revenue of €105,330 thousand for the six months ended June 30, 2025, an increase from €102,108 thousand in the same period of 2024, but its net loss widened to €3,146 thousand (basic EPS of (€0.069)) from a net loss of €251 thousand (basic EPS of (€0.006)) in the prior year period.
- Cash and cash equivalents increased to €45,125 thousand as of June 30, 2025, from €40,307 thousand at December 31, 2024, driven by a significant improvement in net cash provided by operating activities to €9,671 thousand for the six months ended June 30, 2025, compared to a use of (€237 thousand) in the prior year period.
- Marcus Arildsson was appointed as the new Chief Financial Officer, effective November 17, 2025, succeeding Oscar Iglesias, who transitioned to a Board member role on December 1, 2025.
- Shareholders approved a new long-term incentive plan (New LTIP) on June 30, 2025, allowing for the grant of up to 2.6 million stock options over the 2024-2028 period, and the existing LTIP was amended to increase the total potential payout for deferred payment rights by an additional USD 8.5 million.
Dec 22, 2025, 1:31 PM
Codere Online Announces Q3 2025 Results, CFO Transition, and Share Buyback Plan Update
CDRO
Earnings
CFO Change
Share Buyback
- Codere Online reported Net Gaming Revenue (NGR) of €51.6 million in Q3 2025, which was flat compared to Q3 2024, and achieved a positive Adjusted EBITDA of €2.9 million.
- The company saw an 11% increase in Average Monthly Actives to approximately 159,000 in Q3 2025, though the Average Monthly Spend per Active decreased by 10% to €108.
- Codere Online updated its 2025 outlook, projecting Net Gaming Revenue between €220-230 million and Adjusted EBITDA between €10-15 million.
- Marcus Arildsson was appointed as the new Chief Financial Officer, succeeding Oscar Iglesias, who is expected to join the Board of Directors on December 1, 2025.
- The Board authorized an increase in the share buyback plan investment from $5.0 million to $7.5 million, with 249,000 shares repurchased through November 14, 2025.
Nov 26, 2025, 1:30 PM
Codere Online Reports Q3 2025 Results, Updates Share Buyback, and Announces CFO Change
CDRO
Earnings
Share Buyback
CFO Change
- Codere Online reported Net Gaming Revenue of EUR 52 million for Q3 2025, which was flat compared to the prior year, and Adjusted EBITDA of EUR 2.9 million.
- The company reiterated its full-year 2025 guidance, expecting Net Gaming Revenue between EUR 220 million and EUR 230 million and Adjusted EBITDA between EUR 10 million and EUR 15 million.
- The board authorized an increase in the share buyback plan from $5 million to $7.5 million and will seek approval to extend the term of the plan from March to December 2026.
- Mexico's federal government has included an increase in the gaming tax rate from 30% to 50% in its 2026 budget, expected to be effective January 1, 2026, with the company analyzing its impact and mitigation measures.
- Marcus Adelson has joined Codere Online as the new Chief Financial Officer, replacing Oscar Iglesias.
Nov 17, 2025, 1:30 PM
Codere Online Reports Q3 2025 Results, Increases Share Buyback, and Announces CFO Change
CDRO
Earnings
Share Buyback
CFO Change
- Codere Online reported Net Gaming Revenue of EUR 52 million for Q3 2025, which was flat compared to the prior year, and achieved a positive Adjusted EBITDA of EUR 2.9 million.
- The company reiterated its 2025 guidance, expecting Net Gaming Revenue between EUR 220 million and EUR 230 million and Adjusted EBITDA in the range of EUR 10-15 million.
- The share buyback plan was increased from $5 million to $7.5 million, with $1.7 million already invested to repurchase approximately 249,000 shares. The company is seeking approval to extend the plan's term to December 2026.
- Mexico's federal government has included an increase in the gaming tax rate from 30% to 50% in its 2026 budget, expected to be effective January 1, which the company is analyzing for impact and mitigation. In Spain, Net Gaming Revenue grew 5% to EUR 22 million.
- Marcus Adelson has joined Codere Online as the new Chief Financial Officer, replacing Oscar Iglesias, who will transition to a role on the board of directors.
Nov 17, 2025, 1:30 PM
Codere Online Reports Q3 2025 Results, Reaffirms Guidance, and Announces CFO Change
CDRO
Earnings
Guidance Update
CFO Change
- Codere Online reported Q3 2025 Net Gaming Revenue of EUR 52 million, which was flat year-over-year, and Adjusted EBITDA of EUR 2.9 million, nearly doubling from the prior year.
- The company reiterated its FY 2025 guidance for Net Gaming Revenue between EUR 220 million and EUR 230 million and Adjusted EBITDA between EUR 10-15 million.
- The share buyback plan was increased from $5 million to $7.5 million, with $1.7 million already invested to repurchase 249,000 shares.
- Marcus Adelson was appointed as the new Chief Financial Officer, replacing Oscar Iglesias, who will join the board of directors.
- Mexico faces a proposed gaming tax rate increase from 30% to 50% for 2026, while Colombia's market remains challenging due to a VAT on deposits, leading to no further investment plans there.
Nov 17, 2025, 1:30 PM
Codere Online Reports Q3 2025 Results, Reiterates 2025 Outlook, and Announces CFO Appointment
CDRO
Earnings
Guidance Update
CFO Change
- Codere Online reported net gaming revenue of €51.6 million and a net income of €1.4 million for Q3 2025.
- The company reiterated its 2025 outlook, expecting net gaming revenue of €220-230 million and Adjusted EBITDA of €10-15 million.
- As of September 30, 2025, Codere Online held a total cash position of €48.3 million.
- Through November 14, 2025, the company repurchased $1.7 million of its shares under a buyback plan that was recently upsized to $7.5 million.
- Marcus Arildsson was appointed as the new Chief Financial Officer on November 17, 2025.
Nov 17, 2025, 12:31 PM
Quarterly earnings call transcripts for Codere Online Luxembourg.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more