Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- About
CDRO 
Codere Online US Corp (CDRO)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
02/24/2026: CDRO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
4 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $11.33
1 Year Target Price $11.33
| 3 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 247.83M USD | Price to earnings Ratio 60.33 | 1Y Target Price 11.33 |
Price to earnings Ratio 60.33 | 1Y Target Price 11.33 | ||
Volume (30-day avg) 4 | Beta 0.45 | 52 Weeks Range 5.18 - 8.75 | Updated Date 02/21/2026 |
52 Weeks Range 5.18 - 8.75 | Updated Date 02/21/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.09 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 1.95% | Operating Margin (TTM) 2.74% |
Management Effectiveness
Return on Assets (TTM) 3.65% | Return on Equity (TTM) 17.19% |
Valuation
Trailing PE 60.33 | Forward PE - | Enterprise Value 259919641 | Price to Sales(TTM) 1.78 |
Enterprise Value 259919641 | Price to Sales(TTM) 1.78 | ||
Enterprise Value to Revenue 1.1 | Enterprise Value to EBITDA 46.94 | Shares Outstanding 45640814 | Shares Floating 15278719 |
Shares Outstanding 45640814 | Shares Floating 15278719 | ||
Percent Insiders 66.52 | Percent Institutions 11.2 |
Upturn AI SWOT
Codere Online US Corp
Company Overview
History and Background
Codere Online US Corp. (NASDAQ: CDRO) is a leading global online gaming and sports betting company. It operates primarily in Latin America, with a significant presence in Argentina, Mexico, Colombia, and Panama. The company was established through the combination of Codere's online business and DD3 Acquisition Corp. II, a special purpose acquisition company (SPAC), which led to its listing on the NASDAQ in December 2021. Codere Online aims to leverage its established brand, proprietary technology, and deep market knowledge to capture growth in regulated online gambling markets.
Core Business Areas
- Online Betting and Casino: Codere Online offers a comprehensive suite of online gaming products, including sports betting, casino games (slots, roulette, blackjack), and bingo, accessible through its website and mobile applications.
- Retail Operations Integration: While primarily an online entity, Codere Online can leverage Codere Group's extensive retail gaming presence in Latin America, providing opportunities for cross-selling and omnichannel strategies.
Leadership and Structure
The leadership team includes notable figures with extensive experience in the gaming and technology sectors. As a publicly traded entity, it adheres to standard corporate governance structures with a Board of Directors and executive management responsible for strategic direction and operational execution.
Top Products and Market Share
Key Offerings
- Online Sports Betting: Codere Online provides a wide range of sports betting options on local and international sporting events, including football, basketball, and tennis. Competitors include Bet365, William Hill (now 888 Holdings), and local operators in each specific market.
- Online Casino Games: The platform features a diverse selection of popular casino games, including slots from leading providers, table games like roulette and blackjack, and live dealer options. Competitors in this segment include global operators and local online casino providers.
- Online Bingo: Codere Online also offers online bingo, a popular game in many Latin American markets, catering to a specific segment of the gaming audience. Competitors include specialized online bingo providers and larger gaming operators.
Market Dynamics
Industry Overview
The online sports betting and iGaming industry in Latin America is experiencing rapid growth, driven by increasing internet penetration, smartphone adoption, favorable regulatory developments in several countries, and a growing appetite for digital entertainment. The market is becoming increasingly competitive with both global players and local operators vying for market share.
Positioning
Codere Online is positioned as a leading operator in key Latin American markets, leveraging its strong brand recognition, extensive operational experience inherited from Codere Group, and a focus on regulated markets. Its competitive advantages lie in its established customer base, local market expertise, and integrated technology platform.
Total Addressable Market (TAM)
The TAM for online sports betting and iGaming in Latin America is substantial and growing. While specific figures vary by source and scope, it is estimated to be in the billions of USD and is projected to continue its upward trajectory. Codere Online is actively participating in this TAM, aiming to capture a significant share through its presence in key regulated markets.
Upturn SWOT Analysis
Strengths
- Strong brand recognition in Latin America.
- Established operational presence and market knowledge in key regions.
- Proprietary technology platform enabling flexibility and integration.
- Focus on regulated markets, reducing regulatory risk.
- Diversified product offering (sports betting, casino, bingo).
Weaknesses
- Dependence on a few key Latin American markets.
- Potential for increased competition from global operators.
- Reliance on regulatory frameworks which can change.
- Higher operating costs compared to some leaner digital-native competitors.
Opportunities
- Expansion into new regulated markets within Latin America.
- Further development of mobile-first strategies.
- Leveraging data analytics for personalized customer experiences.
- Potential for strategic partnerships or acquisitions.
- Growth in emerging digital payment methods.
Threats
- Intensifying competition and price wars.
- Changes in regulatory landscapes and taxation policies.
- Cybersecurity threats and data breaches.
- Macroeconomic instability in Latin American countries.
- Potential for disruptive technologies or new business models.
Competitors and Market Share
Key Competitors
- 888 Holdings (888)
- Flutter Entertainment (FLUT)
- Entain Plc (GMYLY - ADR)
- Bet365 (Private)
Competitive Landscape
Codere Online competes in a dynamic landscape. Its advantages include deep local market understanding and an established brand. However, it faces competition from larger, more diversified global operators with greater marketing budgets and potentially more advanced technology in some areas. Differentiation through localized offerings and customer service is key.
Growth Trajectory and Initiatives
Historical Growth: Codere Online has demonstrated a history of revenue growth, particularly in its core Latin American markets, fueled by market penetration and organic expansion. The listing on NASDAQ provided capital for further development.
Future Projections: Future projections are often guided by analyst estimates that take into account market trends, regulatory developments, and the company's strategic initiatives. Expected growth is generally tied to the continued expansion of the online gaming market in Latin America.
Recent Initiatives: Recent initiatives likely include technological enhancements to the platform, marketing campaigns to acquire and retain customers, and efforts to secure licenses in new or expanding regulated markets. Focus on mobile optimization and user experience is also a continuous effort.
Summary
Codere Online US Corp. is a prominent player in the growing Latin American online gaming market, benefiting from strong brand recognition and local expertise. Its core business in sports betting and casino games is well-positioned to capitalize on increasing digital adoption. However, the company faces significant competition from larger global operators and must navigate evolving regulatory environments. Continued investment in technology and strategic market expansion are crucial for sustaining its growth trajectory and achieving long-term profitability.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Investor Relations Websites
- Financial News Outlets
- Industry Research Reports
Disclaimers:
This JSON output is an informational summary and not financial advice. Data may be subject to change and requires verification from official sources. Market share figures are estimates and can vary between reporting agencies. Past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Codere Online US Corp
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2021-12-01 | CEO - | ||
Sector Consumer Cyclical | Industry Gambling | Full time employees 325 | Website https://www.codereonline.com |
Full time employees 325 | Website https://www.codereonline.com | ||
Codere Online Luxembourg, S.A., together with its subsidiaries, operates as an online casino gaming and sports betting company in Spain, Mexico, Colombia, Panama, Argentina, and internationally. It offers online casino games available in land-based casinos, gaming halls, and gambling establishments, such as slot machines, table games, and bingo, as well as online casino through its website and mobile applications; and online sports betting and other bets under the Codere brand. The company is headquartered in Luxembourg, Luxembourg.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.