CDRO News & Events

Marcus Arildsson, CFO of Codere Online, commented, "Beyond the strong top line performance in the fourth quarter, we also had a significant uplift in Adj. EBITDA to EUR 6.7 mm in the period, allowing us to meet the upper part of the 2025 outlook range we provided last year. As we look out to 2026, we are encouraged by the strong trends in both Mexico and Spain and expect our net gaming revenue for the year to be in the EUR 235-245 million range and Adj. EBITDA between EUR 15 and 20 million."

Aviv Sher, Chief Executive Officer of Codere Online, commented, "In the fourth quarter of 2025, our net gaming revenue reached EUR 60.7 million, marking the highest quarterly figure in the Company's history." This increase was mostly driven by Mexico, where our net gaming revenue grew 31% on the back of a 43% increase in our portfolio of active customers in the country. In December, we hit a record of 100,000 active players in the country, positioning us well for the upcoming World Cup this summer".

Codere Online Luxembourg announced the launch of its new iOS Poker application in Mexico, reinforcing the Company's strategic objective to provide customers with access to a complete suite of online gaming products. As part of this multi-product roadmap, both Bingo and the Android Poker app will form the next steps in expanding the Company's offering in the country. "Launching the Poker app for iOS in Mexico is a key step in delivering on our commitment to offer customers all major online gaming categories," said Alberto Telias, Chief Marketing Officer at Codere Online. "Poker has quickly emerged as a highly attractive vertical for our users, and through our partnership with Playtech, we are bringing them a premium, high-liquidity platform that elevates their experience."