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Codere Online (CDRO)
:CDRO
Earnings Data
Report Date
May 09, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.05Last Year’s EPS
0.08Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -3.77%
|Next Earnings Date:May 09, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced view with steady growth in net gaming revenues and successful cost management, as indicated by positive adjusted EBITDA and a strategic buyback plan. However, challenges such as currency devaluation in Mexico and regulatory issues in Colombia and Argentina present significant headwinds.Company Guidance
During the Codere Online fourth quarter 2024 earnings call, the company reported key financial metrics, highlighting a 5% increase in net gaming revenue to €53 million compared to Q4 2023, despite challenges such as a weaker Mexican peso. In constant currency terms, this revenue would have been €57 million, reflecting a 15% year-over-year growth. The casino segment contributed 62% of the total net gaming revenue due to a seasonal decline in sports betting and lower sports margins in Mexico. Codere Online also reported an adjusted EBITDA of €1.9 million, supported by a €7 million contribution from its Spanish operations. The company maintained an average monthly spend per active customer of around €120 and acquired 71,000 first-time depositors in Q4, a sequential increase from 67,000 in Q3. Looking ahead, Codere Online anticipates net gaming revenue between €220 million and €230 million for 2025, a 6% increase at the midpoint, with expected adjusted EBITDA of €10 million to €15 million. The company announced a one-year share buyback plan of up to $5 million, reflecting confidence in its cash flow generation and strategic investments, while also acknowledging potential headwinds such as a new tax in Colombia and ongoing currency challenges.Net Gaming Revenue Growth
Delivered €53 million in net gaming revenues, a 5% increase compared to Q4 2023. In constant currency terms, net gaming revenue would have been €57 million, marking a 15% increase year-on-year.
Successful Customer Acquisition
Achieved 71,000 first-time depositors in Q4 2024, an increase from 67,000 in the previous quarter, with the lowest CPA since Q4 2023 at €211.
Positive Adjusted EBITDA
Reported a positive adjusted EBITDA of €1.9 million for Q4 2024, contributing to a total of €6.4 million for the full year.
Spanish Market Performance
Spanish business revenue grew by 10% to €23 million in Q4 2024, with a 3% increase in active customers.
Share Buyback Plan
Board approved a one-year share buyback plan for up to $5 million, indicating confidence in future cash flow generation.
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CDRO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CDRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $8.23 | $8.44 | +2.55% |
| Nov 27, 2024 | $7.83 | $7.60 | -2.94% |
| Jul 31, 2024 | $7.66 | $8.20 | +7.05% |
| May 15, 2024 | $7.02 | $7.48 | +6.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Codere Online (CDRO) report earnings?
Codere Online (CDRO) is schdueled to report earning on May 09, 2025, TBA Not Confirmed.
What is Codere Online (CDRO) earnings time?
Codere Online (CDRO) earnings time is at May 09, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CDRO EPS forecast?
CDRO EPS forecast for the fiscal quarter 2025 (Q1) is 0.05.
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