Codere Online reports Q3 revenue EUR 49.2M vs. EUR 41M last year

TipRanks

Thu, Nov 28, 2024, 5:20 AM 1 min read

Aviv Sher, CEO of Codere Online (CDRO), commented on the results, “Our Company delivered another quarter of strong results, with net gaming revenue of EUR 51.7 million, representing a 20% increase over the third quarter of 2023. In Mexico, net gaming revenue reached EUR 26.7 million, 27% above the prior year period, despite the significant devaluation of the Mexican peso following the presidential election in June. In constant currency terms, our net gaming revenue in the country would have grown by 43%. Meanwhile, performance in Spain remained strong, with net gaming revenue of EUR 20.9 million in the quarter, 11% above last year.”