ProfitabilityAEBITDA was €1.8M, below the consensus forecast of €2.3M, as higher marketing and platform investments weighed on profitability.
Regulatory ChallengesColombia remained challenged by regulatory disruption impacting Codere Online's operations in the region.
TaxationColombia imposed a 19% tax on online deposits, effective through 2025, posing a risk of black-market growth.