Codere Online Reports Financial Results for the Fourth Quarter and Full Year 2025
StockNews.AI · 3 hours
High Materiality8/10
AI Summary
Codere Online achieved record net gaming revenue of €224.1 million in FY 2025, despite a net loss year. They project revenue between €235 to €245 million for FY 2026, reflecting strong growth, especially in Mexico, although recent tax changes may impact profitability.
Sentiment Rationale
Record revenue and positive outlook drive investor confidence, despite tax impacts.
Trading Thesis
Given the strong revenue growth, consider a bullish stance on CDRO for 2026.
Market-Moving
- Net gaming revenue growth indicates strong customer acquisition in Mexico.
- Upcoming World Cup could further boost active player counts and revenues.
- Increased gaming tax in Mexico poses potential downside risk to margins.
- Share buyback program signals confidence in the company’s value and prospects.
Key Facts
- Codere Online reported record net gaming revenue of €224.1 million for FY 2025.
- Q4 revenue reached €57.1 million, up 15% from Q4 2024.
- Net loss for FY 2025 was €1.8 million compared to €3.9 million net income in 2024.
- Outlook for FY 2026 includes net gaming revenue of €235-245 million.
- Changes in gaming taxes in Mexico reduce profit margin potential.
Companies Mentioned
- Codere Group (Not publicly traded): Parent company supports online operations and brand presence.
Corporate Developments
This falls under Corporate Developments as it highlights significant shifts in financial performance and future outlook, which are crucial for investment decisions.