Key Points – Record Q2 performance: Net gaming revenue rose 27% year over year to €69.4 million, while adjusted EBITDA increased to €5.8 million from €2.3 million, supported by growth in Spain and Mexico and strong World Cup activity. – Customer and market momentum improved:…
nthly active customers increased 12%, first-time depositors rose 37%, and customer acquisition costs declined. Spain and Mexico delivered roughly 25% and 24% revenue growth, respectively, while Colombia and Panama also rebounded. – 2026 outlook raised: Codere Online now expects €255 million–€265 million in full-year net gaming revenue and €20 million–€25 million in adjusted EBITDA
The company ended the quarter with about €63 million in cash, no financial debt, and is evaluating acquisitions, market entries and share repurchases. 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. Chief Executive Officer Aviv Sher said the company generated consolidated net gaming revenue of €69.4 million, up 27% from the second quarter of 2025.
The company said the result represented its highest quarterly revenue to date. Casino accounted for 62% of revenue during the period, with sports betting contributing the remaining 38%. Adjusted EBITDA rose to €5.8 million from €2.3 million a year earlier, while adjusted EBITDA margin expanded to 8.4% from 4.3%.