Codere Online CEO Aviv Sher said he was “very pleased with how we finished 2025,” in light of challenges his company faced during the year. Sher made his remarks during Codere’s fourth-quarter earnings call on 26 February.
Sher noted that Codere had met its investment guidance for 2025. “This gives us a lot of confidence in the strength of our business,” he said.
That business encompassed 282,000 new-customer registrations and 89,000 first-time depositors in the fourth quarter. Codere had 177,000 monthly active users, up 20% in the final quarter, with an average spend of €114 (US$135) per customer. Business favored igaming over sports betting, 64% to 36%.
Chief Financial Officer Marcus Arildsson said business in Spain had improved 7.5% in the final trimester of 2025 and 25.5% in Mexico.
