Codere Online Luxembourg reported record quarterly net gaming revenue of €69.4 million for the second quarter of 2026, a 27% increase from the prior year, and raised its full-year outlook. Adjusted EBITDA rose to €5.8 million from €2.3 million, with the adjusted EBITDA margin expanding to 8.4%. The company now expects full-year net gaming revenue between €255 million and €265 million and adjusted EBITDA between €20 million and €25 million, up from prior guidance of €235 million to €245 million and €15 million to €20 million, respectively. Growth was driven by Spain and Mexico, which posted revenue increases of nearly 25% and approximately 24%, while other markets including Colombia and Panama generated more than 50% higher revenue. Average monthly active customers grew 12% to about 173,000, and first-time depositors rose 37% with customer acquisition costs declining to €200. The company ended the quarter with approximately €63 million in cash and no financial debt, and is evaluating acquisitions, market entries, and share repurchases.
Codere Online US CorpRecord Q2 revenue and raised 2026 outlook driven by strong growth in Spain, Mexico, and other markets
Advanced Micro Devices Inc