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Codere Online ( (CDRO) ) just unveiled an update.
Codere Online reported its preliminary unaudited financial results for the first quarter of 2025, showing an 8% increase in net gaming revenue compared to the previous year, reaching €57.0 million. The company’s performance in Mexico was particularly strong, with a 15% increase in net gaming revenue despite currency devaluation. However, the company experienced a net loss of €0.7 million, contrasting with a net income of €3.4 million in the same period last year. Codere Online is also addressing compliance issues with Nasdaq, having filed its 2023 annual report and working towards completing its 2024 audit to avoid potential delisting.
The most recent analyst rating on (CDRO) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Codere Online stock, see the CDRO Stock Forecast page.
More about Codere Online
Codere Online, launched in 2014 as part of the Codere Group, is a leading online gaming operator offering sports betting and online casino services. The company operates primarily in Spain, Mexico, Colombia, Panama, and Argentina, leveraging its parent company’s physical presence in these regions to enhance its omnichannel gaming and casino offerings.
Average Trading Volume: 34,461
Technical Sentiment Signal: Strong Buy
Current Market Cap: $369.7M
See more insights into CDRO stock on TipRanks’ Stock Analysis page.