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.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10