Codere Online Luxembourg, S.A. has reported impressive financial results for the third quarter of 2026, showcasing a significant revenue increase of 31%. This growth was primarily driven by strong performance in Mexico, where revenue surged by 39%. The company also announced its new role as the Official Betting Partner of the NFL in Mexico, enhancing its market presence.

The release of these results is particularly important as Codere Online continues to establish itself as a leading online gaming operator in Spain and Latin America. With a focus on expanding its brand and operational capabilities, the company is well-positioned to capitalize on the growing online gaming market.

Background

Codere Online Luxembourg, S.A. operates in the services sector, specifically under the SIC classification 7990, which encompasses miscellaneous amusement and recreation services. The company trades on the Nasdaq under the tickers CDRO and CDROW. Recent filings include a 6-K submission on November 12, 2026, detailing its financial performance for the third quarter.

What the Filing Says

According to the filing, Codere Online reported revenue of €62.6 million for the third quarter, a 31% increase compared to the previous year. The Adjusted EBITDA reached €4.2 million, marking a 45% rise. The company also highlighted a Gaming Win of €67.1 million, up 30% year-on-year. CEO Aviv Sher noted, “Q3 was another quarter of strong growth, driven mainly by Mexico, up 39%.”

Impact

This financial performance may positively affect various stakeholders, including investors, employees, and customers. The company's growth trajectory and strategic partnerships, such as the one with the NFL, could enhance its competitive edge in the online gaming industry.

What's Next

The filing does not specify what happens next, but Codere Online is expected to continue its efforts to meet its full-year outlook of €255-265 million in Gaming Win and €20-25 million in Adjusted EBITDA.