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Codere Online (CDRO)
:CDRO
Earnings Data
Report Date
Aug 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.01Last Year’s EPS
-0.04Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 16, 2025
|% Change Since: -6.89%
|Next Earnings Date:Aug 28, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive achievements, such as revenue growth and consistent positive adjusted EBITDA, alongside challenges like Nasdaq compliance issues and currency impacts. Despite these challenges, the company's growth in active users and strategic initiatives like the share buyback plan indicate a resilient outlook.Company Guidance
During Codere Online's first quarter 2025 earnings call, the company reported a net gaming revenue of €57 million, marking an 8% increase compared to Q1 2024. In constant currency terms, the revenue would have been €62 million, reflecting a 17% growth. The casino segment contributed 61% of the total net gaming revenue. The company acquired 91,000 first-time depositors, a 21% increase from the previous year, while the average monthly active users rose by 13%. However, the average monthly spend per active customer dropped by 5% to €118. Adjusted EBITDA was reported at €1.8 million, with contributions of €5.5 million from Spain and €1.8 million from Mexico. Despite the challenges, Codere Online reiterated its full-year guidance, expecting net gaming revenue between €220 million and €230 million, and adjusted EBITDA ranging from €10 million to €15 million.Net Gaming Revenue Growth
Codere Online reported €57 million in net gaming revenue for Q1 2025, representing an 8% increase from Q1 2024. In constant currency terms, the revenue would have been €62 million, a 17% increase.
Positive Adjusted EBITDA
The company achieved a positive adjusted EBITDA of €1.8 million, marking its fifth consecutive quarter of positive adjusted EBITDA.
Increase in Active Users and First-Time Depositors
There was a 13% increase in the number of average monthly active users and a 21% increase in first-time depositors, reaching 91,000 in the quarter.
Share Buyback Plan
Codere Online initiated a one-year share buyback plan for up to $5 million, having repurchased around 68,000 shares for approximately $0.5 million so far.
Mexico Market Performance
In Mexico, net gaming revenue grew by 15% to €30 million. On a constant currency basis, the growth would have been 34%.
CDRO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CDRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 16, 2025 | $7.98 | $8.00 | +0.25% |
Feb 20, 2025 | $8.23 | $8.44 | +2.55% |
Nov 27, 2024 | $7.83 | $7.60 | -2.94% |
Jul 31, 2024 | $7.66 | $8.20 | +7.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Codere Online (CDRO) report earnings?
Codere Online (CDRO) is schdueled to report earning on Aug 28, 2025, TBA Not Confirmed.
What is Codere Online (CDRO) earnings time?
Codere Online (CDRO) earnings time is at Aug 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CDRO EPS forecast?
CDRO EPS forecast for the fiscal quarter 2025 (Q2) is -0.01.