Codere Online Luxembourg (CDRO)
Operates online casino and sports betting across Spain and selected Latin American markets.
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Provides online sports betting and casino services through websites and mobile applications in Spain and selected Latin American markets. Spain and Mexico are reportable segments, while Colombia, Panama, and Argentina are grouped as Other operations.
Runs online sports betting and casino services through websites and mobile applications in Spain, Mexico, Colombia, Panama, and Argentina. Spain and Mexico are reportable segments; the other markets are grouped as Other operations.
Formed from Codere Group’s digital business, it was publicly listed through the DD3 transaction after a restructuring. The Luxembourg issuer combines online casino and sports betting with Codere Group’s physical Latin American presence.
The business depends on regulated market access and timely periodic reporting required by Nasdaq. Delays in annual reports drew Nasdaq notices before later filings restored compliance.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $83.4M · Total debt $2.2M · Total assets $101.4M · Shareholders' equity $43.8M
- Revenue
- $74.9M
- Operating income
- $74.7M
- Net income
- −$1.6M
Reported in EUR, converted at the latest exchange rate
No dividends on record.
| Institutions | 12.17% | 5.53M ADS | |
|---|---|---|---|
| 19 holders · as of Jun 30, 2026 | |||
| Insiders | 67.63% | 30.75M ADS | |
| 12 holders · as of Jun 23, 2026 | |||
| Other | 20.20% | 9.18M ADS | |
| remainder | |||
45.47M ADS as of Aug 27, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
New Topco S.A.Insider | 65.98% | 30.00M | filed Feb 15, 2022 |
Bamco Inc /NY/Institution | 7.70% | 3.50M ADS | as of Jun 30, 2026 |
FNY Investment Advisers, LLCInstitution | 1.43% | 652,116 ADS | as of Jun 30, 2026 |
MMBG Investment Advisors Co.Institution | 0.98% | 443,667 ADS | as of Jun 30, 2026 |
Moshe EdreeInsiderdirector | 0.81% | 366,460 ordinary | filed May 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 18, 2026 | Sanchez Oscar Iglesias | director | −14,276 | $10.04 |
| Jun 16, 2026 | Sanchez Oscar Iglesias | director | −2,812 | $10.01 |
| Jun 15, 2026 | Sanchez Oscar Iglesias | director | −300 | $10.00 |
| Jun 12, 2026 | Sanchez Oscar Iglesias | director | −2,130 | $10.00 |
| Jun 8, 2026 | Sanchez Oscar Iglesias | director | −50 | $10.00 |
- Flutter Entertainment
Spain betting and iGaming rival through Betfair, PokerStars and tombola
- Rush Street Interactive
Online casino and sports-betting rival in Mexico and Colombia
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Codere Online Luxembourg | $9.47 | +1.72% | $423.3M | — | 21.7 | — | +30.9% |
| Flutter Entertainment | $89.80 | +3.38% | $15.07B | — | 14.4 | 0.9 | +3.3% |
| Rush Street Interactive | $21.94 | +1.69% | $5.34B | 73.6 | 29.1 | 3.9 | +46.3% |
| Median | 73.6 | 21.7 | 2.4 | +24.8% |