From GlobeNewswire: 2025-02-20 07:30:00

Codere Online reported total revenue of €50.0 million in Q4 2024, with net gaming revenue of €52.6 million, a 5% increase from Q4 2023. The company also achieved a net income of €6.8 million in 2024, compared to a net loss of €4.0 million in 2023. They anticipate net gaming revenue of €220-230 million and Adj. EBITDA outlook of €10-15 million for 2025. Additionally, a share buyback plan of up to $5.0 million has been authorized by the Board of Directors pending shareholder approval. On February 14, 2025, a 19% value-added tax on all online deposits was implemented in Colombia, effective February 21, 2025, through December 31, 2025. The company is assessing the legal and operational impacts of this tax. Nasdaq granted Codere Online an extension to continue its listing following a hearing on January 16, 2025, subject to filing the 2023 annual report by May 12, 2025. A conference call to discuss these results will be held on February 20, 2025, at 8:30 am US Eastern Time.



Read more at GlobeNewswire:: Codere Online Reports Financial Results for the Fourth