Codere Online delivered record-breaking World Cup results, acquiring 40,000 new customers at a lower CAC and raising FY 2026 guidance. CDRO posted 26.6% YoY revenue growth and doubled adjusted EBITDA margin, with healthy KPIs in both user growth and monetization. Mexico and Spain segments outperformed, with Mexico focusing on higher spend per user and Spain exceeding growth targets despite market maturity.
Codere Online Luxembourg, S.A. (CDRO) Q2 2026 Earnings Call Transcript
Codere Online Luxembourg NASDAQ: CDRO reported record quarterly net gaming revenue and higher profitability for the second quarter of 2026, citing growth in Spain and Mexico, improved conditions in Colombia and Panama, and strong activity surrounding the World Cup.
Here is how Codere Online Luxembourg, S.A. (CDRO) and Traeger (COOK) have performed compared to their sector so far this year.
Codere Online Luxembourg (CDRO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here is how Codere Online Luxembourg, S.A. (CDRO) and Traeger (COOK) have performed compared to their sector so far this year.
Here is how Codere Online Luxembourg, S.A. (CDRO) and Life Time Group Holdings, Inc. (LTH) have performed compared to their sector so far this year.
The average of price targets set by Wall Street analysts indicates a potential upside of 28.4% in Codere Online Luxembourg (CDRO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Codere Online Luxembourg, S.A. (CDRO) Q4 2025 Earnings Call Transcript
This sports betting stock doesn't get a lot of attention, but it's outpacing U.S.-focused rivals this year. It could be a bet worth making ahead of the 2026 World Cup.
Codere Online Luxembourg, S.A. (NASDAQ:CDRO ) Q2 2025 Earnings Conference Call July 31, 2025 8:30 AM ET Company Participants Aviv Sher - Chief Executive Officer Guillermo Lancha - Director of Investor Relations Oscar Iglesias - Chief Financial Officer Conference Call Participants Arthur Roulac - Unidentified Company Three Court, LP - Unidentified Company Jeffrey Austin Stantial - Stifel, Nicolaus & Company, Incorporated, Research Division Michael A.
The annual reports for 2023 and 2024 have been filed, thereby eliminating the delisting risk. Constant currency growth in Mexico was 34% in Q1, while reported growth in Euros was only 15% due to the weaker Mexican Peso. Currency headwinds should ease going forward, helping top-line growth accelerate to double digits.