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Codere Online Luxembourg SA is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. It currently operates in Spain, Italy, Mexico, Colombia, Panama and in the City of Buenos Aires where it offers its users the ability to play online casino games and bet on sports events. Online casino offerings include the full portfolio of games typically available in land-based casinos, gaming halls and gambling establishments, such as slot machines, table games and bingo. Online sports betting involves a user placing a wager on an event at some fixed odds determined by Codere Online. If the user wins, it pays out the bet. If the user loses, it keeps the amount wagered.
2021
255
LTM Revenue $234M
LTM EBITDA $7.9M
$323M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Codere Online has a last 12-month revenue of $234M and a last 12-month EBITDA of $7.9M.
In the most recent fiscal year, Codere Online achieved revenue of $116M and an EBITDA of -$30.2M.
Codere Online expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Codere Online valuation multiples based on analyst estimates| FY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | n/a | $80.3M | $116M | $234M | XXX |
| Gross Profit | n/a | $76.2M | $111M | XXX | XXX |
| Gross Margin | NaN% | 95% | 96% | XXX | XXX |
| EBITDA | n/a | -$65.8M | -$30.2M | $7.9M | XXX |
| EBITDA Margin | NaN% | -82% | -26% | 3% | XXX |
| Net Profit | n/a | -$68.1M | -$46.4M | XXX | XXX |
| Net Margin | NaN% | -85% | -40% | XXX | XXX |
| Net Debt | n/a | n/a | n/a | XXX | XXX |
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As of February 21, 2025, Codere Online's stock price is $8.
Codere Online has current market cap of $373M, and EV of $323M.
See Codere Online trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $323M | $373M | XXX | XXX | XXX | XXX | $0.04 |
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Sign UpAs of February 21, 2025, Codere Online has market cap of $373M and EV of $323M.
Codere Online's trades at 1.4x LTM EV/Revenue multiple, and 42.7x LTM EBITDA.
Analysts estimate Codere Online's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Codere Online and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $323M | XXX | XXX | XXX |
| EV/Revenue | 2.8x | XXX | XXX | XXX |
| EV/EBITDA | -10.7x | XXX | XXX | XXX |
| P/E | -8.0x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -7.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpCodere Online's NTM/LTM revenue growth is 9%
Codere Online's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.7M for the same period.
Over next 12 months, Codere Online's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Codere Online's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Codere Online and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 44% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -26% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -54% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | -17% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.7M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 76% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 56% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 144% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| High Roller Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Ainsworth Game Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Aristocrat Leisure | XXX | XXX | XXX | XXX | XXX | XXX |
| BlueBet Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| BetMakers | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Codere Online acquired XXX companies to date.
Last acquisition by Codere Online was XXXXXXXX, XXXXX XXXXX XXXXXX . Codere Online acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Codere Online founded? | Codere Online was founded in 2021. |
| Where is Codere Online headquartered? | Codere Online is headquartered in United States of America. |
| How many employees does Codere Online have? | As of today, Codere Online has 255 employees. |
| Who is the CEO of Codere Online? | Codere Online's CEO is Mr. Aviv Sher. |
| Is Codere Online publicy listed? | Yes, Codere Online is a public company listed on NAS. |
| What is the stock symbol of Codere Online? | Codere Online trades under CDRO ticker. |
| When did Codere Online go public? | Codere Online went public in 2021. |
| Who are competitors of Codere Online? | Similar companies to Codere Online include e.g. High Roller Technologies, Ainsworth Game Technology, Aristocrat Leisure, BlueBet Holdings. |
| What is the current market cap of Codere Online? | Codere Online's current market cap is $373M |
| What is the current revenue of Codere Online? | Codere Online's last 12-month revenue is $234M. |
| What is the current EBITDA of Codere Online? | Codere Online's last 12-month EBITDA is $7.9M. |
| What is the current EV/Revenue multiple of Codere Online? | Current revenue multiple of Codere Online is 1.4x. |
| What is the current EV/EBITDA multiple of Codere Online? | Current EBITDA multiple of Codere Online is 42.7x. |
| What is the current revenue growth of Codere Online? | Codere Online revenue growth between 2023 and 2024 was 44%. |
| Is Codere Online profitable? | Yes, Codere Online is EBITDA-positive (as of the last 12 months). |
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