Codere Online Q4 net gaming revenue up 33%

Monday, March 4, 2024 8:00 PM
Photo:  Codere Online (via x.com)
  • Ciaran McLoughlin, Gambling Insider

Codere Online has reported its fourth quarter and full year results for 2023, showing significant growth in the markets it operates in.

Story continues below

During the fourth quarter of 2023, the company recorded total revenue of €46.9m ($50.7m), a figure 32% above the one during Q4 2022.

Net gaming revenue also grew, going up by 33% to €50.1m, with Mexico reflecting about 50% of this, with the region’s net gaming revenue being €25.1m, which was also a 54% increase for the country.

Spain’s net gaming revenue was the next highest at €20.8m, a 17% rise from Q4 2022, while Colombia’s figure saw no change, with the number being €2.3m in both the fourth quarter in 2022 and 2023.