Codere Online Reports Q1 2025 Results: Total Revenue Up 4%, Net Loss of €0.7 Million

Reuters
05-16
Codere Online Reports Q1 2025 Results: Total Revenue Up 4%, Net Loss of €0.7 Million

Codere Online Luxembourg SA has reported its financial results for the first quarter of 2025. The company's total revenue for Q1 2025 was €54.3 million, reflecting a 4% increase from €50.4 million in Q1 2024. Net gaming revenue experienced an 8% rise, reaching €57.0 million in Q1 2025, compared to €53.0 million in the same period the previous year. The company reported a net loss of €0.7 million in Q1 2025, a decline from a net income of €3.4 million in Q1 2024. In regional performance, Mexico's revenue for Q1 2025 was €27.6 million, with net gaming revenue at €30.5 million, marking a 15% improvement over Q1 2024 figures. However, revenue in Spain decreased by 2%, from €22.3 million in Q1 2024 to €21.9 million in Q1 2025. The company maintains its 2025 outlook with a projected net gaming revenue of €220-230 million and an adjusted EBITDA of €10-15 million. Codere Online reported a total cash position of €41.8 million as of March 31, 2025. Additionally, the company has repurchased $0.5 million of its shares under a $5.0 million share buyback plan through May 15, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Codere Online Luxembourg SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001097070-en) on May 16, 2025, and is solely responsible for the information contained therein.

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