Codere Online Luxembourg, S.A. (NASDAQ:CDRO) Q4 2025 Earnings Call Transcript

NodeGuardian · 2026-03-07T11:22:35+00:00

Codere Online Luxembourg, S.A. achieved record Q4 2025 results, with net gaming revenue of EUR 60 million and adjusted EBITDA of EUR 6.7 million, thanks to growth in Mexico and Spain. The company remains optimistic for 2026, predicting NGR of EUR 235-245 million and adjusted EBITDA of EUR 15-20 million, while discussing strategic investments and regulatory challenges in the region.

NodeGuardian

2026-03-07 11:22:35

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Codere Online Luxembourg, S.A. reported strong Q4 2025 results with a record net gaming revenue of EUR 60 million and adjusted EBITDA of EUR 6.7 million, driven by growth in Mexico and Spain. The company met its 2025 guidance and provided an optimistic outlook for 2026, projecting NGR between EUR 235 million to EUR 245 million and adjusted EBITDA between EUR 15 million to EUR 20 million. Executives discussed strategic investments in Mexico ahead of the World Cup, efforts to optimize marketing efficiency, and the fluctuating regulatory environment in markets like Colombia.

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