{"id":10427,"date":"2026-03-03T01:40:27","date_gmt":"2026-03-03T01:40:27","guid":{"rendered":"https:\/\/casino-online-best.com\/index.php\/2026\/03\/03\/codere-online-posts-record-e224-1m-2025-revenue\/"},"modified":"2026-03-03T01:40:27","modified_gmt":"2026-03-03T01:40:27","slug":"codere-online-posts-record-e224-1m-2025-revenue","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2026\/03\/03\/codere-online-posts-record-e224-1m-2025-revenue\/","title":{"rendered":"Codere Online Posts Record \u20ac224.1M 2025 Revenue"},"content":{"rendered":"<div>\n<p>Codere Online closed 2025 with record net gaming revenue, fueled by sustained momentum in Mexico and a record fourth quarter. The company reported FY2025 results Thursday, confirming it met and exceeded internal profitability targets.<\/p>\n<p>Net gaming revenue for the 12 months ended 31 December 2025 reached \u20ac224.1M, up 6% from \u20ac212M in 2024.<\/p>\n<hr>\n<p><strong><em>Good to Know<\/em><\/strong><\/p>\n<ul>\n<li><strong><em>FY2025 NGR reached \u20ac224.1M, up 6% year over year<\/em><\/strong><\/li>\n<li><strong><em>Adjusted EBITDA more than doubled to \u20ac13.8M<\/em><\/strong><\/li>\n<li><strong><em>Mexico average monthly active players rose 38% to 88,700<\/em><\/strong><\/li>\n<\/ul>\n<hr>\n<p>Adjusted EBITDA climbed to \u20ac13.8M, more than double the \u20ac6.4M posted in 2024. Despite stronger operating performance, Codere Online recorded a net loss of \u20ac1.8M, compared with net income of \u20ac3.9M the prior year.<\/p>\n<p>Mexico remained the primary growth engine. NGR from Mexico increased 12% across 2025. 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Revenue increased 3% from \u20ac87.7M to \u20ac90.5M. Growth in Mexico and Spain offset an 18% decline in the other segment, which includes Colombia, Panama, and Argentina.<\/p>\n<p>Performance landed within company guidance of \u20ac220M to \u20ac230M in NGR and \u20ac10M to \u20ac15M in adjusted EBITDA.<\/p>\n<p>Management raised its 2026 outlook. Codere Online now expects NGR between \u20ac235M and \u20ac245M, with adjusted EBITDA projected between \u20ac15M and \u20ac20M.<\/p>\n<p>Marcus Arildsson, who took over as CFO in November following Oscar Iglesias departure, expressed confidence in achieving the upgraded targets. He said the company was encouraged by strong trends in Mexico and Spain.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Fourth quarter performance strengthened that outlook.<\/p>\n<p>Q4 NGR reached \u20ac60.7M, up 15% from \u20ac52.7M in Q4 2024. Mexico once again led the expansion. Q4 NGR from Mexico totaled \u20ac32.8M, representing 31% year over year growth.<\/p>\n<p>Average monthly active players in Mexico during Q4 climbed 43% to 98,800. CEO Aviv Sher noted that December marked a milestone, with 100,000 active players reached in Mexico for the first time. He said that momentum positions the company well ahead of the upcoming World Cup, which Mexico will co host.<\/p>\n<p>Adjusted EBITDA in Q4 reached \u20ac6.7M, an increase of \u20ac4.8M versus the same quarter in 2024. Arildsson stated that the result allowed the company to finish at the upper end of 2025 guidance.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/codere-online-posts-record-e224-1m-2025-revenue\/\">Codere Online Posts Record \u20ac224.1M 2025 Revenue<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Codere Online closed 2025 with record net gaming revenue, fueled by sustained momentum in Mexico and a record fourth quarter. The company reported FY2025 results Thursday, confirming it met and exceeded internal profitability targets. Net gaming revenue for the 12 months ended 31 December 2025 reached \u20ac224.1M, up 6% from \u20ac212M in 2024. Good to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-10427","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/10427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=10427"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/10427\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=10427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=10427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=10427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}