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An announcement from Codere Online ( (CDRO) ) is now available.
On November 17, 2025, Codere Online reported its preliminary unaudited financial results for the third quarter of 2025, revealing a net gaming revenue of €51.6 million, consistent with the previous year. Despite challenges such as the devaluation of the Mexican peso, the company saw a 39% increase in active customers in Mexico. Codere Online also announced the appointment of Marcus Arildsson as Chief Financial Officer, succeeding Oscar Iglesias, who is expected to join the Board. Additionally, the company has repurchased $1.7 million of its shares and plans to extend its share buyback program.
The most recent analyst rating on (CDRO) stock is a Hold with a $5.50 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.
Codere Online’s overall stock score is driven by its solid financial performance and positive earnings call sentiment. However, technical indicators suggest bearish momentum, and the stock appears overvalued, which weighs down the overall score.
To see Spark’s full report on CDRO stock, click here.
More about Codere Online
Codere Online Luxembourg, S.A. is a prominent online gaming operator, primarily serving markets in Spain and Latin America. The company offers a range of online gaming services and has a significant market presence in these regions.
Average Trading Volume: 53,363
Technical Sentiment Signal: Sell
Current Market Cap: $259.7M
Learn more about CDRO stock on TipRanks’ Stock Analysis page.