Codere Online Reports Financial Results for the Fourth Quarter and Full Year 2024

Total revenue was €50.0 mm in Q4 2024, while net gaming revenue1 was €52.6 mm in the period, 5% above Q4 2023.Net income excluding the non-cash variation in fair value of public warrants2 was €6.8 mm in 2024 versus a net loss of €4.0 mm in 2023.Total cash position of €40.5 mm as of December 31, 2024.Providing full year 2025 net gaming revenue outlook of €220-230 mm and Adj. EBITDA3 outlook of €10-15 mm.The Company’s Board of Directors has authorized a share buyback plan of up to $5.0 mm, subject to shareho ...