Codere Online Luxembourg, S.A. (CDRO): Financial results for Q2 2026
Codere Online Luxembourg, S.A. (CDRO) furnished an SEC Form 6-K — earnings release. EXHIBIT 99.1 Codere Online Reports Second Quarter 2026 Results and Raises Full Year Outlook The Company once again delivered record quarterly net gaming revenue of €69.4 million and Adj. EBITDA of €5.8 million Total revenue was €64.4 mm in Q2 2026, while net gaming revenue 1 was
How this was made
The 30-second read
Why it matters
The earnings beat and raised guidance suggest near‑term upside, but watch for regulatory developments.
Market read
First‑hand earnings release provides fresh data for traders; likely catalyst for short‑term price movement.
What to watch
Regulatory risk in key markets and currency exposure to the euro.
Background
Codere Online is a Nasdaq‑listed online gaming operator focused on Spain and Latin America.
Ticker impact
Q2 2026 earnings released with record net gaming revenue of €69.4M and raised FY guidance.
Potential upside of 5-10% over the next week.
Revenue and EBITDA beat prior year, cash position strong, and guidance raised.
Market effects
Boosts sentiment for online gaming and sports betting sector.
Positive for European and Latin American gaming markets.
Limited to niche sector, modest broader market effect.
Counterpoint
If the World Cup boost fades, growth may slow, making the stock overvalued.
Key entities
- ExecutiveAviv Sher
Chief Executive Officer of Codere Online.
- ExecutiveMarcus Arildsson
Chief Financial Officer of Codere Online.



