Online gambling operator Codere's Q3 revenue misses estimates
Overview
Codere Online Q3 2025 revenue misses analyst expectations
Net gaming revenue flat in Q3 2025, despite currency headwinds in Mexico
Company repurchased $1.7 mln shares, buyback plan increased to $7.5 mln
Outlook
Codere Online maintains 2025 net gaming revenue outlook of €220-230 mln
Company expects 2025 Adj. EBITDA of €10-15 mln
Result Drivers
MEXICO CUSTOMER GROWTH - Active customer base in Mexico grew by 39% despite currency devaluation and low sports betting margins
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | EUR 47.7 mln | EUR 55.82 mln (4 Analysts) |
Q3 Net Income | Miss | EUR 1.40 mln | EUR 2.73 mln (2 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the casinos & gaming peer group is "buy"
Wall Street's median 12-month price target for Codere Online Luxembourg SA is $10.00, about 43.1% above its November 14 closing price of $5.69
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 26 three months ago
Press Release: ID:nGNEb0RDM8
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
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