The earnings call indicates a stable financial performance with positive developments in customer acquisition and EBITDA growth. However, challenges such as currency devaluation and taxation in key markets like Mexico and Colombia present significant hurdles. While the company is optimistic about future growth, especially in Mexico, external factors continue to pose risks.

Company Guidance

During Codere Online's second-quarter 2025 earnings call, the company provided guidance that included anticipations for net gaming revenue between EUR 220 million and EUR 230 million and adjusted EBITDA ranging from EUR 10 million to EUR 15 million for the full year. The company reported a net gaming revenue of EUR 55 million for the quarter, reflecting a 1% increase, despite significant challenges such as the Mexican peso devaluation and tax changes in Colombia. On a constant currency basis, net gaming revenue would have increased by 12%. The adjusted EBITDA for the quarter was positive EUR 2.3 million, with Spain contributing EUR 6.3 million, up 5% from the previous year. Codere Online achieved a 7% increase in average monthly active customers for the quarter but noted a 5% decrease in average monthly spend per active customer, mainly due to the weaker Mexican peso. Additionally, the company highlighted its strong acquisition performance, with 78,000 first-time depositors, a 7% increase from the prior year, and an average cost per acquisition (CPA) of EUR 218. The company's marketing strategy in Mexico focused on leveraging existing customers and optimizing acquisition costs, anticipating that these efforts would support further growth leading up to the 2026 World Cup.

Regained NASDAQ Compliance

Codere Online has regained compliance with all applicable NASDAQ listing requirements, reducing uncertainty about its continuity as a publicly traded company.

Stable Net Gaming Revenue

Net gaming revenue for Q2 2025 was EUR 55 million, roughly flat compared to the previous year. On a constant currency basis, this would equate to EUR 61 million, showing a 12% increase.

Strong Customer Acquisition

The company reported 78,000 first-time depositors, a 7% increase from the previous year, demonstrating successful customer acquisition strategies.

Positive Adjusted EBITDA

Adjusted EBITDA was positive EUR 2.3 million, marking a 5% increase in contribution from the Spanish business compared to the previous year.

Cash Flow and Financial Position

The company generated EUR 7.5 million of available cash in the first half of 2025, ending the quarter with EUR 45 million in total cash, maintaining a stable financial position.

Codere Online (CDRO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CDRO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	0.06 / -	-0.07	―	―	―
Jul 31, 2025	2025 (Q2)	-0.01 / -0.06	-0.047	-25.00% (-0.01)
May 16, 2025	2025 (Q1)	0.06 / -0.02	0.093	-125.00% (-0.12)
Feb 20, 2025	2024 (Q4)	0.02 / 0.17	-0.023	850.00% (+0.20)
Nov 27, 2024	2024 (Q3)	0.00 / -0.07	-0.047	-50.00% (-0.02)
Jul 31, 2024	2024 (Q2)	-0.03 / -0.05	-0.035	-33.33% (-0.01)
May 15, 2024	2024 (Q1)	-0.03 / 0.09	-0.035	366.67% (+0.13)
Feb 29, 2024	2023 (Q4)	-0.15 / -0.02	-0.454	94.87% (+0.43)
Nov 15, 2023	2023 (Q3)	-0.18 / -0.05	-0.302	84.62% (+0.26)
Aug 31, 2023	2023 (Q2)	-0.19 / -0.03	-0.175	80.00% (+0.14)

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
Jul 31, 2025	$8.43	$8.40	-0.36%
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%

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 Nov 12, 2025, Before Open (Confirmed).

What is Codere Online (CDRO) earnings time?

Codere Online (CDRO) earnings time is at Nov 12, 2025, Before Open (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 (Q3) is 0.06.

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