Codere Online has posted its “fourth-consecutive quarter of strong performance” in the third quarter of 2022.

Mexico delivered positive results, with CEO Moshe Edree noting that the online operator will “continue prioritizing investment in this market going forward”.

Posting its Q3 results, Codere Online declared a net gaming revenue (NGR) of $31.89m, a 54% year-over-year increase. Average monthly actives hit 104,311 during the quarter, a 34% uptick YoY (Q3 2021: 78,017).

Speaking on the online operator’s earnings call, Edree called Q3 its “fourth consecutive quarter of strong performance”, while also adding that they expect to see the trend continue into the fourth quarter with the World Cup on the horizon, meeting the higher end of its NGR expectations as a result.