{"id":9580,"date":"2025-08-01T03:43:13","date_gmt":"2025-08-01T03:43:13","guid":{"rendered":"https:\/\/casino-online-best.com\/index.php\/2025\/08\/01\/codere-online-sees-player-growth-and-steady-revenue-in-q2-2025\/"},"modified":"2025-08-01T03:43:13","modified_gmt":"2025-08-01T03:43:13","slug":"codere-online-sees-player-growth-and-steady-revenue-in-q2-2025","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/08\/01\/codere-online-sees-player-growth-and-steady-revenue-in-q2-2025\/","title":{"rendered":"Codere Online Sees Player Growth and Steady Revenue in Q2 2025"},"content":{"rendered":"<div>\n<p>odere Online released its financial results for the second quarter of 2025, reporting net gaming revenue of \u20ac54.8 million, a 1% increase year-over-year, or 12% growth in constant currency. Strong performance in Mexico offset the pressure from unfavorable foreign exchange movements.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Mexico generated \u20ac26.3 million in revenue and \u20ac29 million in net gaming revenue.<\/strong><\/em><\/li>\n<li><em><strong>Average monthly active players rose to 155,100, with 36% growth in Mexico.<\/strong><\/em><\/li>\n<li><em><strong>Q2 2025 total revenue reached \u20ac51.4 million, affected by peso depreciation.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<h2>Revenue and Currency Performance in Q2 2025<\/h2>\n<p>Total revenue for Q2 2025 came in at \u20ac51.4 million, down slightly from net gaming revenue due to foreign exchange effects. The Mexican peso depreciated 19% against the euro, impacting reported figures despite solid local performance.<\/p>\n<p>Mexico remains Codere Online\u2019s largest market, contributing \u20ac26.3 million in revenue and \u20ac29 million in net gaming revenue, a 23% increase in constant currency. Spain stayed relatively stable, while other Latin American markets saw lower activity.<\/p>\n<p>CFO Oscar Iglesias highlighted Mexico\u2019s strength and reaffirmed full-year guidance:<\/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><em>\u201cWe continue to see strong underlying trends in Mexico, where our net gaming revenue grew by 23% in local currency. With the first half of the year now behind us, and notwithstanding that a number of challenges still remain, we continue to expect to meet our net gaming revenue outlook of \u20ac220-230m and Adj. EBITDA outlook of \u20ac10-15m that we shared earlier this year.\u201d<\/em><\/p>\n<h2>Customer Growth and Market Highlights<\/h2>\n<p>Codere Online saw an overall 7% increase in average monthly active players, reaching 155,100.<\/p>\n<ul>\n<li>Mexico: 84,600 players (+36% year-over-year)<\/li>\n<li>Spain: 49,700 players (-3% year-over-year)<\/li>\n<li>Other markets: 20,800 players (-35% year-over-year)<\/li>\n<\/ul>\n<p>These numbers reflect Codere Online\u2019s focus on strengthening its Mexican base while facing softer trends in other regions.<\/p>\n<h2>Net Loss, Cash Position, and Full-Year Outlook<\/h2>\n<p>The company reported a net loss of \u20ac3.1 million for H1 2025, compared to \u20ac0.2 million last year. Currency movements accounted for \u20ac3 million in losses.<\/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\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.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\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow\">Mirax 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>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 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\/mirax-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>Despite the loss, Codere Online maintained \u20ac45.2 million in cash as of June 30, 2025, and reaffirmed its 2025 net gaming revenue target of \u20ac220\u2013230 million with adjusted EBITDA guidance of \u20ac10\u201315 million.<\/p>\n<h2>Share Buyback and Nasdaq Compliance<\/h2>\n<p>The company has been actively repurchasing shares, buying back $0.7 million worth at an average of $6.89 per share under its $5 million buyback plan, which allows repurchases of up to 1 million shares until March 3, 2026.<\/p>\n<p>Codere Online also confirmed that Nasdaq deemed the company compliant with listing requirements as of June 6, 2025, <a href=\"https:\/\/igaming.org\/casino-news\/codere-online-stays-on-nasdaq-after-filing-2024-report\/\">ensuring continued trading<\/a> on the Nasdaq Capital Market. Its 2024 annual report was filed on June 2.<\/p>\n<p>With robust growth in Mexico, a firm cash position, and shareholder initiatives like the buyback plan, Codere Online is navigating currency headwinds while aiming to hit its 2025 revenue and EBITDA targets.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/codere-online-q2-2025-revenue\/\">Codere Online Sees Player Growth and Steady Revenue in Q2 2025<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>odere Online released its financial results for the second quarter of 2025, reporting net gaming revenue of \u20ac54.8 million, a 1% increase year-over-year, or 12% growth in constant currency. Strong performance in Mexico offset the pressure from unfavorable foreign exchange movements. Good to know Mexico generated \u20ac26.3 million in revenue and \u20ac29 million in net [&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-9580","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\/9580","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=9580"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9580\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}