Codere Online (CDRO) has released an update.
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Codere Online has reported a significant increase in net gaming revenue for Q2 2024, achieving €54.4 million, which is 39% higher than the same period last year. The company’s strong performance in core markets like Mexico and Spain, with revenues up 57% and 25% respectively, has led to a positive adjusted EBITDA and a raised full-year outlook. Codere Online now anticipates net gaming revenue between €205 – 215 million for 2024, marking a substantial growth forecast.
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