Codere Online Regains Compliance with Nasdaq Listing Requirements

Upcoming Investor Conferences: Codere Online Luxembourg, a leading online gaming operator, will participate in the 5th Annual Craig-Hallum Online Gaming Conference on December 2, 2025, and the BTIG Digital GameDay on December 10, 2025, both virtually.

Key Management Attendees: The conferences will feature key executives including CEO Aviv Sher, former CFO Oscar Iglesias, CFO Marcus Arildsson, and Head of Investor Relations Guillermo Lancha.

Company Overview: Codere Online, launched in 2014, offers online sports betting and casino services in Spain and Latin America, supported by the physical presence of its parent company, Codere Group.

Codere Group Background: Codere Group is a multinational entertainment and leisure company with over 40 years of experience in the gaming industry, operating in seven countries across Europe and Latin America.

New CFO Appointment: Codere Online Luxembourg has appointed Marcus Arildsson as CFO, effective immediately, succeeding Oscar Iglesias who will assist in the transition.

Marcus Arildsson's Background: Marcus brings over 25 years of experience in investment banking, equity markets, and corporate finance, previously holding CFO roles at Millenium Hospitality Real Estate.

Board of Directors: In addition to his CFO role, Marcus is expected to join Codere's Board of Directors, enhancing the company's leadership team.

Stock Market Reaction: Following the announcement, Codere's shares rose by 5.22% to 4.84 euros on the Frankfurt Stock Exchange.

New CFO Appointment: Codere Online has appointed Marcus Arildsson as Chief Financial Officer, succeeding Oscar Iglesias, who will assist in the transition and join the Board of Directors pending shareholder approval.

Marcus Arildsson's Background: Arildsson brings over 25 years of international finance experience, having worked at Lehman Brothers, Merrill Lynch, and Arcano Partners, and has held CFO roles in various companies.

Company Overview: Codere Online, part of the Codere Group, operates in online gaming across Spain and Latin America, offering sports betting and casino services through its digital platforms.

Forward-Looking Statements: The announcement includes forward-looking statements regarding Codere Online's future performance and potential risks, emphasizing the uncertainties in the online gaming industry.

Financial Performance: Codere Online reported a total revenue of €51.4 million and net gaming revenue of €54.8 million for Q2 2025, showing a slight increase compared to the previous year, with significant growth in Mexico despite currency devaluation.

Future Outlook: The company maintains its 2025 net gaming revenue outlook of €220-230 million and an Adjusted EBITDA outlook of €10-15 million, while also successfully repurchasing shares under its buyback plan.

Codere Online Sponsorship: Codere Online has become the main sponsor of Rayadas, a prominent women's football team in Liga MX Femenil, featuring its logo on their match-day jersey starting from July 13, 2025.

Partnership Goals: The collaboration aims to enhance the visibility of women's football in Mexico through various campaigns and fan experiences, reflecting Codere's commitment to supporting the professionalization of women's sports.

Annual General Meeting Announcement: Codere Online Luxembourg, S.A. will hold its 2025 Annual General Meeting of Shareholders on June 30, 2025, at 3:00 PM CET, with details available on their website and filed with the U.S. Securities and Exchange Commission.

Company Overview: Codere Online is a prominent online gaming operator in Spain and Latin America, offering sports betting and casino services through digital platforms, while also benefiting from the physical presence of its parent company, Codere Group, in the region.