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Codere Online Signs Multi-Year Agreement with NFL
Codere Online announced a multi-year agreement with the National Football League in Mexico. As part of the partnership, Codere Online will serve as a sponsor of the 2026 NFL Mexico City Game, the regular season matchup scheduled to take place in Mexico City on November 22, 2026, between the San Francisco 49ers and the Minnesota Vikings. The company will also be an official sponsor of the Super Bowl, which will be held in Los Angeles in February 2027.
Q2 Revenue Reaches EUR 64.4M
Reports Q2 revenue EUR 64.4M vs. EUR 51.4M last year. Reports Q2 net gaming revenue EUR 69.4M. Reports Q2 Spain net gaming revenue rose 25% to EUR 27.6M, while Mexico net gaming revenue rose 24% to EUR 36.1M, boosted by World Cup activity.
Company Raises FY26 EBITDA Outlook to €20M-€25M
Prior view EUR 235M-EUR 245M. Sees FY26 Adjusted EBITDA EUR 20M-EUR 25M. "Given our record Q2 performance and the continued acceleration of the business, we are raising our outlook for the full year 2026," said CFO Marcus Arildsson.
Codere Online Reports Q4 Net Gaming Revenue of €60.7 Million
Aviv Sher, Chief Executive Officer of Codere Online, commented, "In the fourth quarter of 2025, our net gaming revenue reached EUR 60.7 million, marking the highest quarterly figure in the Company's history." This increase was mostly driven by Mexico, where our net gaming revenue grew 31% on the back of a 43% increase in our portfolio of active customers in the country. In December, we hit a record of 100,000 active players in the country, positioning us well for the upcoming World Cup this summer".
Codere Online CFO Expects 2026 Net Gaming Revenue of €235-245 Million
Marcus Arildsson, CFO of Codere Online, commented, "Beyond the strong top line performance in the fourth quarter, we also had a significant uplift in Adj. EBITDA to EUR 6.7 mm in the period, allowing us to meet the upper part of the 2025 outlook range we provided last year. As we look out to 2026, we are encouraged by the strong trends in both Mexico and Spain and expect our net gaming revenue for the year to be in the EUR 235-245 million range and Adj. EBITDA between EUR 15 and 20 million."
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