Codere Online Reports Financial Results for the First Quarte...

Total revenue was €54.3 mm in Q1 2025, while net gaming revenue1 was €57.0 mm in the period, 8% above Q1 2024 (17% in constant currency terms).Mexico revenue was €27.6 mm in Q1 2025, while net gaming revenue was €30.5 mm in the period, 15% above Q1 2024 (34% in constant currency terms).Net loss was €0.7 mm in Q1 2025 versus a net income of €3.4 mm in Q1 2024.Total cash position of €41.8 mm as of March 31, 2025.Reiterating 2025 net gaming revenue outlook of €220-230 million and Adj. EBITDA2 outlook of €10-15 million.Repurchased $0.5 million of the Company's shares under the Company's $5.0 million share buyback plan through May 15, 2025. Madrid, Spain and Tel Aviv, Israel, May 16, 2025 - (GLOBE NEWSWIRE) Codere Online (Nasdaq: CDRO / CDROW, the "Company"), a leading online gaming operator in Spain and Latin America, has released its preliminary unaudited3 financial results for the quarter ...