Codere Online US Corp

CDRO · NASDAQ · Consumer Cyclical / Gambling

8.35USD-0.19 (-2.22%)

Price History

Full chart

Market Stats

Previous Close8.54

Open8.70

Day Range8.16 – 8.70

52-Week Range5.18 – 10.26

Volume24.55K

Market Cap445.61M

P/E (TTM)326.67

Forward P/E14.64

EPS0.03

Dividend Yield0.00%

Beta0.44

50-Day Avg9.15

200-Day Avg8.72

About

Codere Online Luxembourg, S.A., together with its subsidiaries, operates as an online casino gaming and sports betting company in Spain, Mexico, and internationally. It offers online casino games available in land-based casinos, gaming halls, and gambling establishments, such as slot machines, table games, and bingo, as well as online casino through its website and mobile applications; and online sports betting and other bets under the Codere brand. Codere Online Luxembourg, S.A. is headquartered in Luxembourg, Luxembourg.

Company Details

SectorConsumer Cyclical
IndustryGambling
CEOMr. Aviv Sher
Employees369
Headquarters7 rue Robert StUemper, Luxembourg, Luxembourg, 2557, USA
Websitehttps://www.codereonline.com

Leadership

Mr. Aviv SherChief Executive Officer · b. 1980
Mr. Moshe EdreeExecutive Vice Chairman of the Board · b. 1967
Mr. Marcus ArildssonChief Financial Officer · b. 1973
Ms. Deborah GuivisdalskyChief Operating Officer · b. 1982
Ms. Amalia LópezChief Accounting Officer · b. 1979
Mr. Guillermo LanchaDirector of Investor Relations
Ms. Yaiza RodriguezGeneral Counsel & Secretary of the Board · b. 1987
Mr. Alberto TeliasChief Marketing Officer · b. 1983
Mr. Matan ShemeshChief of Growth & Strategy · b. 1981

Financials

Income Statement

Currency: EUR	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	61.58M	70.50M	80.25M	115.75M	161.65M	200.70M	210.41M
Growth (%)	-	+14.47%	+13.84%	+44.23%	+39.66%	+24.16%	+4.83%
Cost of Revenue	5.10M	5.16M	7.08M	15.30M	6.28M	18.78M	25.00M
Gross Profit	56.48M	65.34M	73.17M	100.45M	155.37M	181.92M	185.40M
Gross Margin	91.72%	92.68%	91.18%	86.78%	96.12%	90.64%	88.12%
Operating Expense	72.36M	79.59M	144.20M	156.32M	170.12M	177.59M	179.66M
Operating Income	-15.88M	-14.25M	-71.03M	-55.88M	-14.75M	4.33M	5.74M
Operating Margin	-25.78%	-20.21%	-88.51%	-48.27%	-9.13%	2.16%	2.73%
EBITDA	-14.68M	-13.33M	-25.48M	-55.70M	-	4.47M	5.86M
EBITDA Margin	-23.84%	-18.90%	-31.74%	-48.12%	-	2.23%	2.78%
Net Income	-16.19M	-16.27M	-68.07M	-46.38M	-2.42M	3.91M	1.29M
Net Income Margin	-26.29%	-23.08%	-84.82%	-40.07%	-1.50%	1.95%	0.61%
Interest Expense	269.00K	520.00K	561.00K	12.64M	-	-	-
Interest Expense % of Total Revenue	0.44%	0.74%	0.70%	10.92%	-	-	-

Balance Sheet

Currency: EUR	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	36.07M	44.23M	18.55M	105.28M	69.31M	73.80M	74.54M	80.86M
Total Liabilities	55.42M	75.56M	58.47M	37.12M	44.76M	52.51M	50.32M	52.16M
Total Equity	-19.35M	-31.43M	-40.02M	68.01M	24.40M	21.14M	24.07M	28.55M
Cash	2.63M	8.02M	10.90M	94.91M	53.81M	41.28M	40.31M	49.98M
Total Debt	39.59M	51.68M	39.23M	2.98M	4.95M	-	5.37M	3.93M
Net Debt	36.96M	43.66M	28.33M	-91.92M	-48.85M	-	-34.94M	-46.06M

Cash Flow

Currency: EUR	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	-1.24M	3.43M	-5.19M	-42.36M	-11.58M	3.94M	16.51M
Investing Cash Flow	-275.00K	-72.00K	-83.00K	-164.00K	-	-256.00K	-85.00K
Financing Cash Flow	6.81M	254.00K	89.33M	0	1.33M	-2.04M	-4.58M
Capital Expenditure	75.00K	55.00K	80.00K	164.00K	245.00K	256.00K	85.00K
Free Cash Flow	-1.32M	3.37M	-5.27M	-42.52M	-11.82M	3.69M	16.42M
Dividends Paid	-	-	-	0	0	0	0
FCF to OCF	106.04%	98.40%	101.54%	100.39%	102.12%	93.51%	99.49%
Dividend Paid to FCF	-	-	-	0.00%	0.00%	0.00%	0.00%

Earnings

Report Date	Dec 31, 2020	Jun 15, 2021	Aug 16, 2021	Oct 4, 2021	Mar 11, 2022	Apr 28, 2022	Sep 1, 2022	Feb 28, 2023	May 15, 2024	Jul 31, 2024	Dec 30, 2024	Dec 31, 2024	Jun 2, 2025	Jul 31, 2025	Nov 26, 2025	Feb 26, 2026	Mar 31, 2026	Jul 30, 2026
EPS Estimate	-	-	-	0.00	-0.12	-0.14	-0.36	-0.31	-0.03	-0.34	0.02	0.02	0.05	-0.01	0.06	0.08	0.05	0.05
EPS Actual	-0.03	-0.01	-0.02	-0.14	-0.01	-0.21	-0.10	-0.42	-0.43	-0.43	-0.01	-	0.08	-0.06	0.04	-0.00	-	-0.04
Surprise	-	-	-	-	91.67%	-50.00%	72.22%	-35.48%	-1333.33%	-26.47%	-150.00%	-	60.00%	-441.82%	-40.33%	-103.42%	-	-171.60%
Timing	-	-	-	After-hours	After-hours	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	-	-	-	-	Pre-market	-	-	Pre-market

Key Statistics & Ratios

Market Cap445.61M

Enterprise Value355.91M

Trailing P/E326.67

Forward P/E14.64

Price / Sales2.12

Price / Book12.82

EPS0.03

Book Value0.7223

Revenue (TTM)210.41M

Gross Profit (TTM)185.40M

EBITDA5.86M

Profit Margin0.61%

Operating Margin2.60%

Return on Equity4.89%

Return on Assets4.62%

Shares Outstanding45.47M

Shares Float14.85M

Beta0.44

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Strong Buy

Based on 4 analystsTarget 12.67

Strong Buy
3
Hold
1

Ownership Breakdown

Institutions: 12.18%
Insiders: 67.32%
Retail / Other: 20.50%

Top Institutional Holders

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Nomura Holdings Inc
210.00K0.46%
Morgan Stanley - Brokerage Accounts
153.21K0.34%
Exchange Traded Concepts, LLC
128.11K0.28%
Sontag Advisory LLC
50.00K0.11%
Citadel Advisors Llc
38.35K0.08%
BlackRock Inc
19.69K0.04%
Geode Capital Management, LLC
15.90K0.04%
Millennium Management LLC
12.75K0.03%
Wolverine Asset Management LLC
4.71K0.01%

Top Fund Holders

Baron Emerging Markets Institutional
2.18M4.79%
Baron Global Opportunity Institutional
827.90K1.82%
Jupiter Dynamic Bond I EUR Q Inc
221.63K0.49%
Roundhill Sports Betting & iGaming ETF
118.38K0.26%
Fidelity Nasdaq Composite Index
17.72K0.04%
BSF Systematic US Eq Abs Ret A2 USD
4.93K0.01%
Corgi Sports Betting & Gambling ETF
1.87K0.00%