Codere Online Q2 2025 Financial Results

SEC Filing 6-K (0001171843-25-004868)

Codere Online Luxembourg, S.A. reported its preliminary unaudited financial results for the second quarter of 2025. The company achieved a net gaming revenue of €54.8 million, a 1% increase compared to Q2 2024, and a positive Adjusted EBITDA of €2.3 million. Key highlights include a 36% increase in active customers in Mexico, despite a 19% devaluation of the Mexican peso, and a total cash position of €45.2 million as of June 30, 2025. The company reiterated its 2025 net gaming revenue outlook of €220-230 million and Adjusted EBITDA outlook of €10-15 million. Additionally, Codere Online repurchased $0.7 million of its shares under its $5.0 million share buyback plan.