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CDRO 
Codere Online US Corp (CDRO)
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Upturn Advisory Summary
12/11/2025: 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 |
Analysis of Past Performance
Type Stock | Historic Profit -9.54% | Avg. Invested days 31 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/11/2025 |
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 12/11/2025 |
52 Weeks Range 5.18 - 8.75 | Updated Date 12/11/2025 | ||
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 2025-11-26 | When Before Market | Estimate 0.06 | Actual 0.0358 |
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 281654046 | Price to Sales(TTM) 1.68 |
Enterprise Value 281654046 | Price to Sales(TTM) 1.68 | ||
Enterprise Value to Revenue 1.21 | Enterprise Value to EBITDA 51.26 | 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 is the US-listed entity of Codere Online, a leading online gaming and sports betting operator. The company was established to operate and expand Codere's online gaming business in Latin America. Significant milestones include its IPO on Nasdaq in 2021, aiming to fuel its growth strategy in key Latin American markets. The company has a history rooted in its parent company, Codere Group, a prominent name in the European and Latin American gaming industry.
Core Business Areas
- Online Betting and Gaming: Operates an online platform offering sports betting, casino games, virtual sports, and other interactive gaming products primarily in Latin America. The business focuses on providing a secure and engaging digital entertainment experience.
- Technology and Platform Development: Develops and maintains its proprietary online gaming platform, ensuring a seamless and robust user experience across various devices and geographies. This includes payment processing, customer support, and data analytics.
Leadership and Structure
Codere Online US Corp's leadership team includes individuals with extensive experience in the gaming, technology, and finance sectors. The organizational structure is designed to support its online operations, marketing, and business development efforts across its target markets. Specific leadership details can be found in their investor relations materials.
Top Products and Market Share
Key Offerings
- Sports Betting: Offers a wide range of sports betting options, covering popular local and international sporting events. Competitors include Betsson Group, Flutter Entertainment (through its local brands), and local operators in each market. Market share data is highly fragmented by country, but Codere Online is a significant player in several Latin American markets, particularly Argentina, Mexico, and Colombia.
- Online Casino Games: Provides a diverse portfolio of online casino games, including slots, roulette, blackjack, and live dealer games. Competitors are similar to sports betting, with global operators and local licensed providers. Codere Online aims to capture a substantial share of the growing online casino market in its operational regions.
- Virtual Sports: Includes a variety of virtual sports betting options, offering continuous betting opportunities. This is a growing segment with competitors like Inspired Entertainment and other platform providers. Specific market share for virtual sports within Codere Online's portfolio is not publicly detailed but contributes to overall user engagement.
Market Dynamics
Industry Overview
The online gaming and sports betting industry, particularly in Latin America, is experiencing rapid growth driven by increasing internet penetration, smartphone adoption, a young demographic, and favorable regulatory developments in several countries. The market is competitive, with both global players and local operators vying for market share. The trend towards regulated markets is a significant driver.
Positioning
Codere Online US Corp is positioned as a leading digital gaming operator in Latin America, leveraging the established brand recognition of its parent company, Codere Group. Its competitive advantages include strong local market knowledge, established operational infrastructure, and a focus on regulated markets. The company aims to capitalize on the digitalization of entertainment and betting preferences in the region.
Total Addressable Market (TAM)
The total addressable market for online gaming and sports betting in Latin America is substantial and projected to grow significantly in the coming years, potentially reaching tens of billions of USD. Codere Online US Corp is positioned to capture a meaningful share of this TAM, focusing on its key operational countries where it holds licenses and has built strong brand presence.
Upturn SWOT Analysis
Strengths
- Established Brand Recognition (Codere Group)
- Strong Presence in Key Latin American Markets
- Licensed Operations in Multiple Jurisdictions
- Proprietary Technology Platform
- Experienced Management Team
Weaknesses
- Dependence on Latin American Markets
- Intense Competition
- Potential Regulatory Changes
- Execution Risk in New Market Entry or Expansion
Opportunities
- Expansion into New Latin American Markets
- Introduction of New Gaming Products and Features
- Strategic Partnerships and Acquisitions
- Increasingly Regulated Market Environments
- Leveraging Mobile Gaming Growth
Threats
- Unforeseen Regulatory Setbacks
- Intensified Competition from Global and Local Players
- Cybersecurity Risks and Data Breaches
- Economic Instability in Target Markets
- Changes in Consumer Preferences
Competitors and Market Share
Key Competitors
- Betsson AB (BETS-B.ST)
- Flutter Entertainment plc (FLTR.L)
- 888 Holdings plc (888.L)
- Entain Plc (ENT.L)
Competitive Landscape
Codere Online US Corp faces a highly competitive landscape. Its advantage lies in its established brand and focus on Latin America. However, global competitors often have larger marketing budgets and broader product portfolios. Success hinges on effective localization, regulatory navigation, and efficient customer acquisition in its target markets.
Growth Trajectory and Initiatives
Historical Growth: Codere Online US Corp has demonstrated revenue growth, particularly since its IPO, as it expands its online operations in Latin America. This growth is fueled by increasing customer acquisition and retention, as well as the expanding online gaming market in its target regions.
Future Projections: Future projections are typically based on analyst estimates, which would consider market growth in Latin America, regulatory developments, competitive landscape, and the company's expansion strategies. Analysts often project continued revenue growth, with a focus on improving profitability as the company scales.
Recent Initiatives: Recent initiatives likely involve expanding into new regulated markets within Latin America, enhancing its product offerings (e.g., new casino games, live betting features), optimizing its marketing strategies for customer acquisition and retention, and potentially exploring strategic partnerships to strengthen its market position.
Summary
Codere Online US Corp is a growing player in the Latin American online gaming market, benefiting from a strong brand and expanding digitalization. Its key strengths lie in its regional focus and established operations. However, it faces intense competition and regulatory uncertainties. Continued growth and profitability will depend on its ability to effectively expand, innovate, and manage operational costs in its dynamic market.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company investor relations filings (SEC)
- Industry analysis reports
- Financial news and data providers
Disclaimers:
This JSON output is a structured overview based on publicly available information and industry knowledge. It is not financial advice. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. Market share data is an estimation and can vary based on reporting methodologies.
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; and online sports betting and other bets under the Codere brand. The company is headquartered in Luxembourg, Luxembourg.
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