Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Codere Online ( (CDRO) ) has issued an announcement.
Codere Online reported preliminary unaudited first‑quarter 2026 results on May 7, 2026, posting record net gaming revenue of €64.4 million, up 13% year on year, and total revenue of €60.3 million. Growth was driven by strong performances in Spain and Mexico, where net gaming revenue rose 16% and 13%, respectively, aided by a 14% increase in average monthly active players to 183,500.
Profitability improved sharply, with Adjusted EBITDA climbing to €6.0 million, €4.2 million higher than a year earlier, and the company swinging to a net profit of €7.0 million from a €0.7 million loss. With €56.2 million in cash, no financial debt at March 31, 2026, and its 2026 outlook left unchanged, Codere Online signaled operational momentum and balance‑sheet strength, while also noting recent SEC filings including its 2025 annual report and new equity incentive plan registrations.
The company also announced that management would host a same‑day conference call on May 7, 2026, to discuss the quarterly performance and business update. Investors are offered a detailed look at revenue composition and non‑IFRS metrics, underscoring Codere Online’s emphasis on net gaming revenue and Adjusted EBITDA as key indicators of its online gaming franchise in Spain and Latin America.
The most recent analyst rating on (CDRO) stock is a Hold with a $9.00 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 Outperform.
The score is driven primarily by improved financial performance (notably stronger 2025 cash generation and modest leverage) and a constructive earnings outlook with upbeat 2026 EBITDA growth guidance. Technicals add support with price above major moving averages and positive MACD, while valuation is a restraint due to insufficient P/E and dividend data to assess attractiveness.
To see Spark’s full report on CDRO stock, click here.
More about Codere Online
Codere Online Luxembourg, S.A. is a leading online gaming operator focused on sports betting and online casino, serving core markets in Spain, Mexico, Colombia, Panama and Argentina. Launched in 2014 as part of the Codere Group, it leverages the group’s extensive bricks‑and‑mortar casino footprint across Spain and Latin America to support an omnichannel gaming strategy.
Average Trading Volume: 17,856
Technical Sentiment Signal: Buy
Current Market Cap: $412.3M
See more insights into CDRO stock on TipRanks’ Stock Analysis page.