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Codere Online ( (CDRO) ) has provided an update.
On February 26, 2026, Codere Online reported preliminary unaudited results for the quarter and year ended December 31, 2025, highlighting record full-year net gaming revenue of €224.1 million and adjusted EBITDA of €13.8 million. Fourth-quarter 2025 net gaming revenue rose 15% year on year to €60.7 million, driven mainly by a 31% surge in Mexico on the back of a 43% increase in active players.
Despite stronger operating metrics, the company swung to a €1.8 million net loss in 2025 from a €3.9 million profit in 2024, though it closed the year with €50 million in cash and no financial debt. Management underscored Mexico and Spain as growth engines, renewed its Colombian online gaming licence for five years in November 2025, navigated tax changes in Mexico and Colombia, refreshed its board with two appointments in December 2025, and repurchased 391,000 shares for $2.7 million under its buyback plan through February 25, 2026.
The most recent analyst rating on (CDRO) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on Codere Online stock, see the CDRO Stock Forecast page.
Spark’s Take on CDRO Stock
According to Spark, TipRanks’ AI Analyst, CDRO is a Neutral.
The score is primarily supported by improving financial performance—strong revenue growth, positive net profitability, and solid free cash flow with low leverage. This is tempered by thin operating margins and a challenging valuation profile (high P/E and no dividend yield), while technical indicators suggest only moderate trend strength with recent softness.
To see Spark’s full report on CDRO stock, click here.
More about Codere Online
Codere Online Luxembourg, S.A. is a Nasdaq-listed online gaming operator focused on sports betting and casino products in Spain and key Latin American markets, notably Mexico and Colombia. The company targets regulated jurisdictions, leveraging its Codere brand to grow active player bases and net gaming revenue across mobile and web platforms.
Average Trading Volume: 21,408
Technical Sentiment Signal: Buy
Current Market Cap: $364M
See more data about CDRO stock on TipRanks’ Stock Analysis page.