Aviv Sher, CEO of Codere Online (CDRO), commented on the results, “Our Company delivered another quarter of strong results, with net gaming revenue of EUR 51.7 million, representing a 20% increase over the third quarter of 2023. In Mexico, net gaming revenue reached EUR 26.7 million, 27% above the prior year period, despite the significant devaluation of the Mexican peso following the presidential election in June. In constant currency terms, our net gaming revenue in the country would have grown by 43%. Meanwhile, performance in Spain remained strong, with net gaming revenue of EUR 20.9 million in the quarter, 11% above last year.”
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CDRO:
- Codere Online to Announce Q3 2024 Financial Results
- Codere Online Appeals Nasdaq Delisting Notice
- Codere Online receives delisting notice from Nasdaq, submits appeal
- CDRO Earnings Report this Week: Is It a Buy, Ahead of Earnings?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
