Codere Online Luxembourg, S.A. (CDRO)
Luxembourg City, LU
Specializing in the digital gambling sector, Codere Online Luxembourg, S.A. provides an array of online casino games and sports betting services. Its core operational footprint spans several countries, notably Spain, Italy, Mexico, Colombia, Panama, and Argentina. This enterprise maintains its corporate base in Luxembourg.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.66% | -0.11% | +7.12% | +16.94% | +58.55% | +14.32% | +10.60% | +222.11% | -7.18% | -10.35% | -10.35% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 2 | 0 |
| Hold | 2 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
| Period | # Analysts | Avg Target |
|---|---|---|
| Last Month | 1 |
10.00
+4.7%
|
| Last Quarter | 1 |
10.00
+4.7%
|
| Last Year | 2 |
9.25
-3.1%
|
| All Time | 4 |
9.38
-1.8%
|
-
Revenue growth Gambling, Resorts & Casinos: +5.3%+4.8% Q4'25: +2.9% (vs Q2'24)
-
EPS growth Gambling, Resorts & Casinos: +9.4%-62.5% Q4'25: +1,842.9% (vs Q2'24)
-
FCF margin FCF growth · Gambling, Resorts & Casinos: +17.3%+5.2% ★ Q4'25: +9.7% (vs Q2'24)
-
EBIT margin Gambling, Resorts & Casinos: +17.5%+2.7% Q4'25: +2.6% (vs Q2'24)
-
ROIC Gambling, Resorts & Casinos: +8.0%— Q4'25: -17.3% (vs Q2'24)
-
Share dilution Gambling, Resorts & Casinos: +0.3%-0.4% ★ Q4'25: +1.7% (vs Q2'24)
-
Debt / EBITDA Net debt/EBITDA · Gambling, Resorts & Casinos: 0.94×0.62× ★ Q4'25: 0.70× (vs Q2'24)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 3 Rev. Ana. 1 EPS Ana. |
Dec 2027 2 Rev. Ana. 1 EPS Ana. |
Dec 2028 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|
| Revenue |
80.25M
est: 95.64M (-16.1%)
|
115.75M
est: 119.99M (-3.5%)
|
161.65M
est: 176.22M (-8.3%)
|
200.70M
est: 213.29M (-5.9%)
|
210.41M
est: 218.95M (-3.9%)
|
236.84M
228.28M – 245.39M
+8.2% YoY
|
251.59M
243.23M – 259.95M
+6.2% YoY
|
257.13M
247.43M – 267.32M
+2.2% YoY
|
| EBITDA |
-24.91M
est: -15.84M (-57.2%)
|
-30.22M
est: -19.88M (-52.0%)
|
-14.64M
est: 64.95M (-122.5%)
|
4.72M
est: 78.62M (-94.0%)
|
6.38M
est: 80.70M (-92.1%)
|
87.30M
84.14M – 90.45M
+8.2% YoY
|
92.73M
89.65M – 95.81M
+6.2% YoY
|
94.77M
91.20M – 98.53M
+2.2% YoY
|
| EBIT |
-25.63M
est: -16.39M (-56.3%)
|
-30.77M
est: -20.57M (-49.6%)
|
-14.75M
est: 65.11M (-122.7%)
|
4.33M
est: 78.81M (-94.5%)
|
5.74M
est: 80.90M (-92.9%)
|
87.51M
84.35M – 90.67M
+8.2% YoY
|
92.96M
89.87M – 96.05M
+6.2% YoY
|
95.01M
91.42M – 98.77M
+2.2% YoY
|
| Net Income |
-68.01M
est: -30.02M (-126.6%)
|
-46.38M
est: -43.07M (-7.7%)
|
-2.42M
|
3.91M
est: -2.29M (+270.4%)
|
1.29M
est: 1.15M (+12.7%)
|
16.76M
15.94M – 17.63M
+1,361.9% YoY
|
16.53M
15.72M – 17.39M
-1.4% YoY
|
22.05M
20.96M – 23.18M
+33.3% YoY
|
| SGA |
91.80M
est: 100.08M (-8.3%)
|
153.64M
est: 125.55M (+22.4%)
|
152.30M
est: 178.70M (-14.8%)
|
167.33M
est: 216.29M (-22.6%)
|
173.24M
est: 222.03M (-22.0%)
|
240.17M
231.49M – 248.85M
+8.2% YoY
|
255.14M
246.65M – 263.61M
+6.2% YoY
|
260.75M
250.92M – 271.08M
+2.2% YoY
|
| EPS |
-1.51
est: -0.65 (-131.7%)
|
-1.03
est: -0.93 (-10.2%)
|
-0.05
|
0.09
est: -0.05 (+271.8%)
|
0.03
est: 0.02 (+20.0%)
|
0.37
0.35 – 0.38
+1,361.9% YoY
|
0.36
0.34 – 0.38
-1.4% YoY
|
0.48
0.46 – 0.51
+33.3% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-08 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-07 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-06 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-05 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-04 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-01 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-30 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-29 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-28 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-27 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-24 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-23 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-22 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-21 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-20 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-17 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-16 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
Owner Earnings
Ownership Overview
| # | Reporting person | Amount owned | % of class | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Type | Citizenship | Filing date | SEC filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | New Topco S.A. | 30.00M | 66.50% | 30.00M | — | 30.00M | — | OO | Duchy of Luxembourg | 2022-02-15 | ↗ |
| 2 | BAMCO INC /NY/000000000 | 4.04M | 8.95% | — | 4.04M | — | 4.04M | IA, CO | New York | 2023-02-14 | ↗ |
| 3 | Baron Capital Group, Inc.000000000 | 4.04M | 8.95% | — | 4.04M | — | 4.04M | HC, CO | New York | 2023-02-14 | ↗ |
| 4 | Ronald Baron000000000 | 4.04M | 8.95% | — | 4.04M | — | 4.04M | HC, IN | New York | 2023-02-14 | ↗ |
| 5 | Castle Creek Arbitrage, LLC | 422.6K | 0.93% | — | 422.6K | — | 422.6K | IA | Delaware | 2022-02-11 | ↗ |
| 6 | Mr. Allan Weine | 422.6K | 0.93% | — | 422.6K | — | 422.6K | IN | United States | 2022-02-11 | ↗ |
| 7 | CC ARB West, LLC | 351.7K | 0.77% | — | 351.7K | — | 351.7K | PN | USA | 2022-02-11 | ↗ |
| 8 | CC Arbitrage, Ltd | 71.0K | 0.16% | — | 71.0K | — | 71.0K | OO | Cayman Islands | 2022-02-11 | ↗ |
| 9 | Baron Capital Management, Inc.000000000 | — | 0.00% | — | — | — | — | IA, CO | New York | 2023-02-14 | ↗ |
Institutional Activity (13F)
| # | Investor | Shares / Δ | Mkt value / Δ | Own% / Δ | Weight% / Δ | Avg px / Perf. | Hold / Status |
|---|---|---|---|---|---|---|---|
| 1 | BAMCO INC /NY/ | 3.50M +— (+0.0%) | 28.13M +4.0M (+16.4%) | 7.70% +0.000 pp | 0.08% +0.012 pp | USD6.02 +33.4% | 17 qtrs — |
| 2 | FNY INVESTMENT ADVISERS, LLC | 851.2K +180.2K (+26.8%) | 6.83M +2.2M (+47.6%) | 1.87% +0.396 pp | 1.93% +0.441 pp | USD7.37 +9.0% | 8 qtrs — |
| 3 | UBS GROUP AG | 422.9K -90.0K (-17.5%) | 3.40M -142.9K (-4.0%) | 0.93% -0.198 pp | 0.00% +0.000 pp | USD7.00 +14.7% | 8 qtrs — |
| 4 | MMBG INVESTMENT ADVISORS CO. | 366.3K +— (+0.0%) | 2.94M +413.9K (+16.4%) | 0.81% +0.000 pp | 0.25% +0.024 pp | USD3.94 +103.8% | 16 qtrs — |
| 5 | MORGAN STANLEY | 151.2K -1.5K (-1.0%) | 1.21M +160.6K (+15.2%) | 0.33% -0.003 pp | 0.00% +0.000 pp | USD3.61 +122.4% | 11 qtrs — |
| 6 | EXCHANGE TRADED CONCEPTS, LLC | 47.8K -4.4K (-8.5%) | 383.9K +23.4K (+6.5%) | 0.11% -0.010 pp | 0.00% 0.000 pp | USD6.54 +22.8% | 5 qtrs — |
| 7 | MILLENNIUM MANAGEMENT LLC | 29.1K -28.6K (-49.5%) | 234.0K -164.5K (-41.3%) | 0.06% -0.063 pp | 0.00% 0.000 pp | USD7.82 +2.7% | 7 qtrs — |
| 8 | CITADEL ADVISORS LLC | 26.4K -21.0K (-44.2%) | 212.2K -114.8K (-35.1%) | 0.06% -0.046 pp | 0.00% +0.000 pp | USD8.49 -5.4% | 8 qtrs — |
| 9 | BLACKROCK, INC. | 19.7K -1.1K (-5.4%) | 158.1K +14.6K (+10.1%) | 0.04% -0.003 pp | 0.00% +0.000 pp | USD7.49 +7.2% | 6 qtrs — |
| 10 | SQUAREPOINT OPS LLC | 18.3K -11.1K (-37.8%) | 147.0K -56.2K (-27.7%) | 0.04% -0.025 pp | 0.00% +0.000 pp | USD6.90 +16.4% | 4 qtrs — |
| 11 | GEODE CAPITAL MANAGEMENT, LLC | 15.9K +— (+0.0%) | 127.7K +18.0K (+16.4%) | 0.04% +0.000 pp | 0.00% +0.000 pp | USD7.57 +6.1% | 6 qtrs — |
| 12 | RAYMOND JAMES FINANCIAL INC | 11.0K +— (+0.0%) | 88.3K +12.4K (+16.4%) | 0.02% +0.000 pp | 0.00% +0.000 pp | USD6.49 +23.7% | 5 qtrs — |
| 13 | WOLVERINE ASSET MANAGEMENT LLC | 7.3K +471.0 (+6.9%) | 58.5K +11.5K (+24.4%) | 0.02% +0.001 pp | 0.00% +0.000 pp | USD7.01 +14.6% | 5 qtrs — |
| 14 | BARCLAYS PLC | 959.00 +311.0 (+48.0%) | 7.7K +2.5K (+48.7%) | 0.00% +0.001 pp | 0.00% +0.000 pp | USD7.38 +8.8% | 6 qtrs — |
| 15 | RENAISSANCE TECHNOLOGIES LLC | — -39.7K (-100.0%) | — -273.9K (-100.0%) | 0.00% -0.087 pp | 0.00% 0.000 pp | USD— | 3 qtrs SOLD |
| 16 | SBI SECURITIES CO., LTD. | — -1.0 (-100.0%) | — -7.0 (-100.0%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD— | 5 qtrs SOLD |
| 17 | LMR PARTNERS LLP | — -39.3K (-100.0%) | — -271.0K (-100.0%) | 0.00% -0.086 pp | 0.00% -0.001 pp | USD— | 2 qtrs SOLD |
| 18 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | — -13.1K (-100.0%) | — -90.1K (-100.0%) | 0.00% -0.029 pp | 0.00% +0.000 pp | USD— | 2 qtrs SOLD |
| 19 | ADVISOR GROUP HOLDINGS, INC. | — -1.0K (-100.0%) | — -8.3K (-100.0%) | 0.00% -0.002 pp | 0.00% +0.000 pp | USD— | 5 qtrs SOLD |
| 20 | BLAIR WILLIAM & CO/IL | — -26.9K (-100.0%) | — -185.9K (-100.0%) | 0.00% -0.059 pp | 0.00% -0.001 pp | USD— | 17 qtrs SOLD |
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Roundhill Investments - Sports Betting & iGaming ETF BETZ | 2.21% | 1.13M | 0.75% |
Insider Activity
| Date | Person | Role | Transaction | A/D | Security | Shares | Price | Value | Owned after | D/I | Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-05-05 | Telias Alberto Hernan | Officer | A-Award | A | Ordinary Shares | 7,000 | 0.00 | — | 32,776 | D | ↗ |
| 2026-05-05 | Sher Aviv | Officer | A-Award | A | Ordinary Shares | 30,000 | 0.00 | — | 74,732 | D | ↗ |
| 2026-05-05 | Shemesh Matan | Officer | A-Award | A | Ordinary Shares | 7,000 | 0.00 | — | 24,515 | D | ↗ |
| 2026-05-05 | Rodriguez Robles Yaiza Maria | Officer | A-Award | A | Ordinary Shares | 7,000 | 0.00 | — | 20,717 | D | ↗ |
| 2026-05-05 | Lopez Castano Amalia | Officer | A-Award | A | Ordinary Shares | 6,000 | 0.00 | — | 21,280 | D | ↗ |
| 2026-05-05 | Guivisdalsky Deborah Frida | Officer | A-Award | A | Ordinary Shares | 7,000 | 0.00 | — | 18,874 | D | ↗ |
| 2026-05-05 | Edree Moshe | Director | F-InKind | D | Ordinary Shares | 6,591 | 8.72 | 57.5K | 366,460 | D | ↗ |
| 2026-05-05 | Arildsson Marcus Kai | Officer | F-InKind | D | Ordinary Shares | 1,327 | 8.72 | 11.6K | 28,673 | D | ↗ |
| 2026-03-18 | Valdez Franco Daniel | Director | — | — | Ordinary Shares | 0 | 0.00 | — | 25,000 | I | ↗ |
| 2026-03-18 | Telias Alberto Hernan | Officer | — | — | Ordinary Share Option (right to buy) | 35,000 | 8.03 | 281.1K | 0 | D | ↗ |
| 2026-03-18 | Teitgen Laurent | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2026-03-18 | Sher Aviv | Officer | — | — | Ordinary Share Option (right to buy) | 85,000 | 8.03 | 682.6K | 0 | D | ↗ |
| 2026-03-18 | Shemesh Matan | Officer | — | — | Ordinary Share Option (right to buy) | 44,695 | 10.00 | 447.0K | 0 | D | ↗ |
| 2026-03-18 | Saenz de Buruaga Perez-Acha Gabriel | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2026-03-18 | Rodriguez Robles Yaiza Maria | Director / Officer | — | — | Ordinary Share Option (right to buy) | 35,000 | 8.03 | 281.1K | 0 | D | ↗ |
| 2026-03-18 | Lopez Castano Amalia | Officer | — | — | Ordinary Share Option (right to buy) | 30,000 | 8.03 | 240.9K | 0 | D | ↗ |
| 2026-03-18 | Iglesias Sanchez Oscar | Director | — | — | Ordinary Shares | 0 | 0.00 | — | 124,111 | D | ↗ |
| 2026-03-18 | Higuero Robles Luis Gonzaga | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2026-03-18 | Guivisdalsky Deborah Frida | Officer | — | — | Ordinary Share Option (right to buy) | 35,000 | 8.03 | 281.1K | 0 | D | ↗ |
| 2026-03-18 | Fernandez Espejel Francisco De Borja | Director | — | — | Ordinary Share Option (right to buy) | 70,000 | 10.00 | 700.0K | 0 | D | ↗ |
| 2026-03-18 | Edree Moshe | Director | — | — | Ordinary Share Option (right to buy) | 110,000 | 8.03 | 883.3K | 0 | D | ↗ |
| 2026-03-18 | Dumont Gaetan Bruno | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2026-03-18 | Arildsson Marcus Kai | Officer | — | — | Ordinary Share Option (right to buy) | 50,000 | 8.03 | 401.5K | 0 | D | ↗ |
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Alberto Telias | Chief Marketing Officer | — | male |
| Amalia López | Chief Accounting Officer | — | female |
| Aviv Sher | Chief Executive Officer | — | male |
| Deborah Guivisdalsky | Chief Operating Officer | — | female |
| Guillermo Lancha | Director of Investor Relations | — | male |
| Marcus Arildsson | Chief Financial Officer | — | male |
| Matan Shemesh | Chief of Growth & Strategy | — | male |
| Moshe Edree | Executive Vice Chairman of the Board | — | male |
| Yaiza Rodriguez | General Counsel & Secretary of the Board | — | female |
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for CDRO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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