Codere Online reports Q3 revenue EUR 41.1M vs. EUR 28.9M last year

Aviv Sher, CEO of Codere Online, stated, “We’re very pleased with our performance in the third quarter and to be presenting another set of impressive results. This quarter we not only posted significant net gaming revenue growth of 41% to EUR 43 million, but also took a significant step in our path to profitability with break even Adjusted EBITDA in the period. It was a solid quarter for sports betting, with the return of the major sporting events, but also for our casino product, which contributed 58% of our revenue in the period. Mexico continued to exceed our expectations with revenue growth of 63% in the third quarter, reaching EUR 21.0 million and consolidating its position as our largest market ahead of Spain, where net gaming revenue also grew by an impressive 27%, to EUR 18.9 million.”