Skip to content
MARKETS / NASDAQ / CDRO
NASDAQ · SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION · MID CAP

Codere Online Luxembourg, S.a. CDRO

6 fiscal years on record · EUR · FY2024 reported · SEC filings only
€200.7M
▲ 24.2% YoY
€3.9M
In brief

What this company does

Codere Online operates primarily in Spain, Mexico, Colombia, Panama and Argentina, where it offers its users the ability to play online casino games and bet on sports events. In online sports betting, Codere Online sets the fixed odds for each wager, referred to as a proposition, pays out the bet if the user wins and keeps the amount wagered if the user loses. Codere Online holds an exclusive, sublicenseable and non-transferable license from Codere Newco to use certain "Codere" trademarks and domain names in its business. As of December 31, 2025, Codere Online had approximately 369 employees, including directors, intermediate managers, technicians and administrative personnel based in Spain, Mexico, Colombia, Panama, Argentina and Israel. In Mexico, Codere Online operates through an unincorporated joint venture with LIFO, a wholly-owned subsidiary of the Codere Group, receiving 99.99% of distributed profits while LIFO receives the remaining 0.01%. Codere Online started its online gaming business in Spain in 2014 and launched its mobile app in 2016.

Written from the business description in Codere Online Luxembourg, S.A.'s annual report to the U.S. Securities and Exchange Commission, filed 28 April 2026. Every sentence was checked against that document before publication.

Growth
EUR 200.7M
Revenue, FY2024 · full 6-year series below
Revenue €M Net income €M
FY2024 · Revenue 200.7 · Net income 3.9
80.0M160.0M-25.0M-50.0M201920202021202220232024
Compound annual growth
+35.7%
+26.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +26.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
2 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Operating 2.2% · Net 1.9%
-50%201920202021202220232024
ROE
FY2024 · ROE 17.3%
-200%-400%201920202021202220232024

Each EUR of equity produced 17 cents of profit this year.

Cash & shareholders
returned in FY2024 · dividends + net buybacks

Total assetsEUR 74.5M
EquityEUR 24.1M
CashEUR 40.3M
Current ratio1.40×

Equity funds 32% of total assets.

The 6-year record
6 fiscal years
Every figure from documents filed with the SEC · EUR
row low → row highnegative
Metric 202420232022202120202019
Revenue €B0.20.20.10.10.10.1
Operating income €B0.0−0.0−0.1−0.1−0.0−0.0
EBITDA €B0.0−0.0−0.1−0.1−0.0−0.0
Income tax €B0.0−0.00.00.00.00.0
Net income €B0.0−0.0−0.0−0.1−0.0−0.0
EPS, diluted0.08−0.05−1.03−10.18−3.65−3.63
Dividend / sh······
Payout %······
ROE %17.3−10.6−100.4−486.4··
Shares out B0.050.05····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 16 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 73 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Miscellaneous Amusement & Recreation
Listed onNASDAQ
Incorporated inoutside the United States — SEC code N4
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2019

Share this section

Download image