Codere Online reported preliminary net profit of €11.1 million through September, compared with losses in the same period of 2025. Third-quarter revenue rose 31% to €62.6 million, and the company ended September with €65.6 million in cash and no financial debt.
The results give investors an update on Codere Online’s profitability, revenue growth and financial position.
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Codere Online reported preliminary unaudited results for the year ended 31 December 2025, including record net gaming revenue of €224.1 million and adjusted EBITDA of €13.8 million. The company posted a €1.8 million net loss, while Q4 net gaming revenue rose 15% year on year to €60.7 million; Mexico contributed €32.8 million.
Codere Online reported net gaming revenue of €163.4 million for the first nine months of 2025, a 3% increase, according to the report.
Codere Online reported third-quarter 2025 net gaming revenue of EUR51.6m, broadly unchanged year on year, and maintained its full-year revenue forecast of EUR220m to EUR230m. It also appointed Marcus Arildsson as CFO from 17 November, succeeding Óscar Iglesias, who is expected to join the board subject to shareholder approval on 1 December.
Codere Online reported €54.8 million in net gaming revenue for Q2 2025, up 1% year on year, while constant-currency growth was 12%. Mexico contributed €29 million, up 3% in euros and 23% in local currency; the company maintained its 2025 revenue and adjusted EBITDA outlooks.
Codere Online reported first-half 2025 net gaming revenue of €111.8m, up 4%.