Codere reports €344m in gaming revenue for Q3 2026
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Codere reported €344 million in gaming revenue for the third quarter of 2026, up 6% year on year. Adjusted EBITDA rose 39% to €65.4 million, while online gaming revenue increased 30% to €67.1 million.
Codere reported gaming revenue of €344m for Q3 2026, up 6% from the same quarter a year earlier. Adjusted EBITDA rose 39% to €65.4m in the quarter. At constant exchange rates, revenue rose 5% and adjusted EBITDA increased 35%.
Online gaming revenue rose 30% year on year to €67.1m in Q3 2026. Online adjusted EBITDA reached €11.3m, compared with €6.2m a year earlier. Retail adjusted EBITDA rose 32% to €54m in the quarter.
Improved operations in Mexico were the main driver of higher profitability, with positive performances in Argentina, Spain and online also contributing. By the end of September, adjusted EBITDA on a rolling twelve-month basis had climbed to €210.7m, 23% higher than a year earlier, following eight consecutive quarters of growth.
At 30 September, Codere had €136.9m in liquidity, including €71.3m in retail and €65.6m at Codere Online.