Codere Online Third-Quarter Revenue Rises 31 Percent to €62.6 Million
Codere Online, the online gaming operator in Spain and Latin America, released its preliminary results on November 12, 2026 for the quarter ended September 30, 2026. The company said total revenue was €62.6 million in the third quarter, up 31 percent, with Spain at €24.8 million, up 13 percent, and Mexico at €32.9 million, up 37 percent.
Gaming Win was €67.1 million in the quarter, up 30 percent. Adjusted EBITDA was €4.2 million, up 45 percent.
Net income was €11.1 million for the first nine months of 2026, versus a net loss of €1.7 million in the same period of 2025.
The company's total cash position was €65.6 million as of September 30, 2026, with no financial debt.
Codere Online reiterated its full-year 2026 outlook of €255 million to €265 million of Gaming Win and €20 million to €25 million of adjusted EBITDA. The company noted that the financial information is preliminary and unaudited and subject to change.
All figures are from Codere Online's own results release distributed via GlobeNewswire.
Source: Codere Online
Published by GSM · USA (original Chinese edition)
Photo: Codere 位于西班牙阿尔科文达斯的总部。／The Codere headquarters in Alcobendas, Spain.（Luis García，CC BY-SA 3.0，Wikimedia Commons）
