Codere Online Luxembourg, S.A. (CDRO)

Codere Online Luxembourg Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	200.7	161.65	115.75	80.25	70.5
Revenue Growth (YoY)	24.16%	39.66%	44.23%	13.84%	14.47%
Cost of Revenue	18.78	17.44	15.3	7.08	5.16
Gross Profit	181.92	144.21	100.45	73.17	65.34
Selling, General & Admin	85.59	75.66	88.94	48.81	-
Other Operating Expenses	91.61	83.2	66.83	49.27	78.66
Operating Expenses	177.59	158.96	156.32	98.8	79.59
Operating Income	4.33	-14.75	-55.88	-25.63	-14.25
Interest Expense	-0.11	-	-	-0.01	-0.39
Interest & Investment Income	0.6	1.82	0.09	-	0.39
Currency Exchange Gain (Loss)	-6.52	-1.62	5.83	-0.05	-0.52
Other Non Operating Income (Expenses)	-3.31	-0.68	4.28	3.97	-
EBT Excluding Unusual Items	-5	-15.24	-45.68	-21.72	-14.77
Merger & Restructuring Charges	-	-	-	-45.4	-
Gain (Loss) on Sale of Investments	1.38	1.02	-	-	-
Other Unusual Items	8.99	5.29	2.27	0.07	-
Pretax Income	5.37	-8.93	-43.42	-67.05	-14.77
Income Tax Expense	1.46	-6.51	2.97	0.97	1.51
Earnings From Continuing Operations	3.91	-2.42	-46.38	-68.01	-16.28
Minority Interest in Earnings	-0	-0	0	-0.05	0.01
Net Income	3.91	-2.42	-46.38	-68.07	-16.27
Net Income to Common	3.91	-2.42	-46.38	-68.07	-16.27
Shares Outstanding (Basic)	45	45	45	7	4
Shares Outstanding (Diluted)	46	45	45	7	4
Shares Change (YoY)	1.76%	0.34%	574.83%	49.80%	-
EPS (Basic)	0.09	-0.05	-1.03	-10.18	-3.65
EPS (Diluted)	0.08	-0.05	-1.03	-10.18	-3.65
Free Cash Flow	3.69	-11.83	-42.52	-5.75	3.37
Free Cash Flow Per Share	0.08	-0.26	-0.94	-0.86	0.76
Gross Margin	90.64%	89.21%	86.78%	91.18%	92.69%
Operating Margin	2.16%	-9.13%	-48.27%	-31.94%	-20.21%
Profit Margin	1.95%	-1.49%	-40.07%	-84.82%	-23.09%
Free Cash Flow Margin	1.84%	-7.32%	-36.74%	-7.16%	4.78%
EBITDA	4.47	-14.64	-55.7	-25.48	-13.33
EBITDA Margin	2.23%	-9.06%	-48.12%	-31.74%	-18.90%
D&A For EBITDA	0.14	0.11	0.18	0.15	0.92
EBIT	4.33	-14.75	-55.88	-25.63	-14.25
EBIT Margin	2.16%	-9.13%	-48.27%	-31.94%	-20.21%
Effective Tax Rate	27.21%	-	-	-	-

Updated Jun 2, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q