Codere Online Nasdaq: CDRO / CDROW Q2 2024 Earnings July 31, 2024 Disclaimer This presentation (this "Presentation"), its contents and any information provided during the meeting to present this document are for discussion purposes only, and must not be relied upon for any purpose. This Presentation is not for release, publication or distribution, in whole or in part, in or into any jurisdiction where such distribution would be unlawful. Certain terms used throughout this Presentation are defined in the Def ...

财务数据和关键指标变化 - 第二季度合并净游戏收入增长39%至5400万欧元 [11] - 西班牙业务净游戏收入增长25%至2200万欧元 [15] - 墨西哥业务净游戏收入增长57%至2800万欧元,已超过1亿欧元的LTM净游戏收入,较2022年翻倍 [16] - 调整后EBITDA为130万欧元,较上年同期增加近600万欧元 [11][13] 各条业务线数据和关键指标变化 - 第二季度casino业务占总净游戏收入的59%,成为公司的主要收入来源 [7] - 西班牙业务活跃客户数增长27% [15] - 墨西哥业务活跃客户数增长26%,人均消费增长25% [16] 各个市场数据和关键指标变化 - 西班牙业务受益于当地足球和网球赛事的有利结果,但这也降低了体育博彩的利润率 [15] - 墨西哥业务持续强劲增长,已超过1亿欧元的LTM净游戏收入 [16] 公司战略和发展方向及行业竞争 - 公司继续专注于在西班牙和墨西哥市场获取更多casino首次存款客户,尽管获客成本更高,但这些客户的终身价值更高、更稳定 [7][36][37] - 墨西哥市场竞争日趋激烈,新的国际竞争对手涌入,公司需要增加营销投入以保持市场份额 [25][37] - 公司正在关注阿根廷市场,如果当地监管环境合适,可能会在2025年前投入资源进入该市场 [40][41] 管理层对经营环境和未来前景的评论 - 公司有信心在2024年实现盈利,这是公司上市后的第三个年头 [6] - 公司对下半年的业务前景保持乐观,并将继续投资以创造长期价值 [18][19] - 公司对墨西哥比索汇率波动保持谨慎,这可能影响下半年的收入增长 [53][54] 其他重要信息 - 公司董事会在7月发生变动,Gonzaga Higuero接任Pat Ramsey担任董事长 [9] - 公司现金余额为4100万欧元,其中可用现金约3500万欧元 [17] 问答环节重要的提问和回答 问题1 **Jeff Stantial 提问** 询问公司2024年调整后EBITDA指引的边际扩张情况,以及未来年度的利润率目标 [21][22][23][24] **Oscar Iglesias 回答** 公司目前无法给出长期的利润率目标,但墨西哥和西班牙业务已经实现正EBITDA,未来会继续关注投资机会并保持灵活性 [22][23][24] 问题2 **Ryan Sigdahl 提问** 询问欧洲杯和美洲杯期间的一些运营数据变化,如赔率、串关等 [31][32][33][34][38] **Aviv Sher 和 Oscar Iglesias 回答** 这些重大体育赛事对公司的收入影响有限,主要影响是利润率,但公司的casino业务能够弥补这一影响 [33][34][38] 问题3 **Michael Kupinski 提问** 询问公司对下半年业务前景和营销投入计划的看法 [43][44][45][46][47] **Aviv Sher 和 Oscar Iglesias 回答** 公司对下半年保持谨慎乐观,会根据市场机会适当增加营销投入,但不会大幅增加,同时也关注墨西哥比索汇率波动的影响 [44][45][46][47]

Total revenue was €51.7 mm in Q2 2024, while net gaming revenue1 was €54.4 mm in the period, 39% above Q1 2023.Mexico revenue was €25.3 mm in Q2 2024, while net gaming revenue was €28.2 mm in the period, 57% above Q2 2023.Spain revenue (and net gaming revenue) reached €21.8 mm in Q2 2024, 25% above Q2 2023.Net income excluding the non-cash variation in fair value of public warrants2 was €5.5 mm in H1 2024 versus a net loss of €0.7 mm in H1 2023.Total cash position of €40.5 mm as of June 30, 2024.Increasing ...

Madrid, Spain and Tel Aviv, Israel, July 16, 2024 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (NASDAQ:CDRO) (the "Company" or "Codere Online") a leading online gaming operator in Spain and Latin America, today announced that it will release its second quarter 2024 results prior to 8:30AM US Eastern Time on July 31, 2024. At 8:30AM US Eastern Time on the same day, Codere Online's management will host a conference call to discuss the results and provide a business update. The Company's earnings press r ...

Madrid, Spain and Tel Aviv, Israel, July 16, 2024 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (Nasdaq: CDRO / CDROW) (the “Company” or “Codere Online”) a leading online gaming operator in Spain and Latin America, today announced that it will release its second quarter 2024 results prior to 8:30AM US Eastern Time on July 31, 2024. At 8:30AM US Eastern Time on the same day, Codere Online’s management will host a conference call to discuss the results and provide a business update. The Company’s earning ...

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Codere Online Luxembourg, S.A. (CDRO) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question. Codere Online Luxembourg, S.A. is a member of the Consumer Discretionary sector. This group includes 282 individual stocks and currently holds a Z ...

Mexico City, Mexico, June 18, 2024 – (GLOBE NEWSWIRE) Codere Online (NASDAQ:CDRO, the "Company"))), a leading online gaming operator in Spain and Latin America, is pleased to announce its groundbreaking collaboration with Blip, an AI-first conversational platform, to introduce an unparalleled gaming experience to its Mexican customers. This strategic alliance marks a significant milestone both in the global online gaming sector as well as in Mexico. As the largest market by revenue for Codere Online, Mexico ...

Madrid, Spain, June 17, 2024 – (GLOBE NEWSWIRE) Codere Online (NASDAQ:CDRO, the "Company"))), today announced that the Codere brand1 has been ranked 85th among the 100 most valuable brands in Brand Finance Spain's 2024 ranking. It marks the twelfth time since 2010 that the Codere brand has received this recognition in its home market, alongside global conglomerates such as Santander, Seat, and San Miguel. Most notably, it is the only company in the gaming industry to be included in the ranking. The recognit ...

Madrid, Spain, June 17, 2024 – (GLOBE NEWSWIRE) Codere Online (Nasdaq: CDRO / CDROW, the “Company”), today announced that the Codere brand1 has been ranked 85th among the 100 most valuable brands in Brand Finance Spain’s 2024 ranking. It marks the twelfth time since 2010 that the Codere brand has received this recognition in its home market, alongside global conglomerates such as Santander, Seat, and San Miguel. Most notably, it is the only company in the gaming industry to be included in the ranking. The r ...

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is Codere Online Luxembourg, S.A. (CDRO) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Codere Online Luxembourg, S.A. is one of 283 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual s ...