{"id":99,"date":"2024-06-14T06:05:07","date_gmt":"2024-06-14T03:05:07","guid":{"rendered":"https:\/\/luckycharmssweepstakescasinonodepositbonus.icu\/2024\/06\/14\/codere-online-exceeds-expectations-with-70-revenue-surge-in-q4-2022\/"},"modified":"2024-06-17T13:10:09","modified_gmt":"2024-06-17T10:10:09","slug":"codere-online-exceeds-expectations-with-70-revenue-surge-in-q4-2022","status":"publish","type":"post","link":"https:\/\/luckycharmssweepstakescasinonodepositbonus.icu\/2024\/06\/14\/codere-online-exceeds-expectations-with-70-revenue-surge-in-q4-2022\/","title":{"rendered":"Codere Online Exceeds Expectations with 70% Revenue Surge in Q4 2022"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/ID8JrXykbt8\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Codere Online concluded 2022 on a high note, generating \u20ac35.6 million (approximately $37.9 million) in the final quarter. This represents a substantial 70% surge in comparison to the corresponding period in 2021. <\/p>\n<p>Analyzing the complete year, the firm disclosed total gaming earnings of \u20ac122.9 million, a 48% rise from the preceding year. This accomplishment was driven by robust results in crucial regions. In the Mexican market, Q4 revenue more than doubled year-on-year, hitting \u20ac14.5 million. Concurrently, Spain witnessed a 42% upswing, yielding \u20ac17.8 million for the quarter.<\/p>\n<p>Notwithstanding this upward trajectory, Codere Online still recorded a net deficit of \u20ac17.4 million in Q4, culminating in a \u20ac45.9 million loss for the year.<\/p>\n<p>Looking forward, the company forecasts 2023&#8217;s net gaming income to range between \u20ac140 million and \u20ac150 million. Nevertheless, they anticipate an adjusted EBITDA deficit spanning from \u20ac20 million to \u20ac30 million.<\/p>\n<p>Chief Executive Officer Moshe Edree conveyed contentment with the outcomes, remarking, &#8220;Our Q4 and overall 2022 performance surpassed projections, with net gaming revenue climbing 70% in the quarter to attain \u20ac123 million for the year.&#8221; He ascribed this triumph to the team&#8217;s commitment to providing an outstanding online gaming encounter.<\/p>\n<p>Edree also emphasized the considerable influence of the World Cup, which not only maintained engagement among existing users but also drew in a surge of fresh participants. This resulted in a 54% growth in active players during Q4 compared to the equivalent period in 2021. <\/p>\n<p>Codere Online&#8217;s Chief Financial Officer, Oscar Iglesias, expresses significant enthusiasm for the company&#8217;s prospects, particularly in the Argentinian market. He identifies substantial untapped opportunities within the region.  Their agenda for the current year includes expansion into numerous new territories, and they have already taken concrete steps to realize this objective. Iglesias exudes assurance in their ability to execute their strategic vision effectively and sustain growth for their stakeholders. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Codere Online concluded 2022 on a high note, generating \u20ac35.6 million (approximately $37.9 million) in the final quarter. This represents a substantial 70% surge in comparison to the corresponding period&hellip;<\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Codere Online: Soaring Gaming Revenue in 2022 \ud83d\ude80<\/title>\n<meta name=\"description\" content=\"Codere Online finished 2022 strong with a 70% revenue surge in Q4! \ud83d\udcc8 Discover how this online gaming leader reached \u20ac35.6 million in quarterly revenue and \u20ac122.9 million for the year. #OnlineGaming\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/luckycharmssweepstakescasinonodepositbonus.icu\/2024\/06\/14\/codere-online-exceeds-expectations-with-70-revenue-surge-in-q4-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Codere Online Exceeds Expectations with 70% Revenue Surge in Q4 2022\" \/>\n<meta property=\"og:description\" content=\"Codere Online finished 2022 strong with a 70% revenue surge in Q4! \ud83d\udcc8 Discover how this online gaming leader reached \u20ac35.6 million in quarterly revenue and \u20ac122.9 million for the year. #OnlineGaming\" \/>\n<meta property=\"og:url\" content=\"https:\/\/luckycharmssweepstakescasinonodepositbonus.icu\/2024\/06\/14\/codere-online-exceeds-expectations-with-70-revenue-surge-in-q4-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Stay Ahead of the Curve with Our Licensed Online Casino News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T03:05:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T10:10:09+00:00\" \/>\n<meta name=\"author\" content=\"Dylan &quot;Dodge&quot; Morgan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dylan &quot;Dodge&quot; Morgan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/luckycharmssweepstakescasinonodepositbonus.icu\/2024\/06\/14\/codere-online-exceeds-expectations-with-70-revenue-surge-in-q4-2022\/\",\"url\":\"https:\/\/luckycharmssweepstakescasinonodepositbonus.icu\/2024\/06\/14\/codere-online-exceeds-expectations-with-70-revenue-surge-in-q4-2022\/\",\"name\":\"Codere Online: Soaring Gaming Revenue in 2022 \ud83d\ude80\",\"isPartOf\":{\"@id\":\"https:\/\/luckycharmssweepstakescasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-14T03:05:07+00:00\",\"dateModified\":\"2024-06-17T10:10:09+00:00\",\"author\":{\"@id\":\"https:\/\/luckycharmssweepstakescasinonodepositbonus.icu\/#\/schema\/person\/4a181dad11cc3cd17542cbb8c3a828e2\"},\"description\":\"Codere Online finished 2022 strong with a 70% revenue surge in Q4! \ud83d\udcc8 Discover how this online gaming leader reached \u20ac35.6 million in quarterly revenue and \u20ac122.9 million for the year. #OnlineGaming\",\"breadcrumb\":{\"@id\":\"https:\/\/luckycharmssweepstakescasinonodepositbonus.icu\/2024\/06\/14\/codere-online-exceeds-expectations-with-70-revenue-surge-in-q4-2022\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/luckycharmssweepstakescasinonodepositbonus.icu\/2024\/06\/14\/codere-online-exceeds-expectations-with-70-revenue-surge-in-q4-2022\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/luckycharmssweepstakescasinonodepositbonus.icu\/2024\/06\/14\/codere-online-exceeds-expectations-with-70-revenue-surge-in-q4-2022\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/luckycharmssweepstakescasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Codere Online Exceeds Expectations with 70% Revenue Surge in Q4 2022\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/luckycharmssweepstakescasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/luckycharmssweepstakescasinonodepositbonus.icu\/\",\"name\":\"Stay Ahead of the Curve with Our Licensed Online Casino News\",\"description\":\"Indulge in the excitement of licensed online gambling with our up-to-date news, comprehensive reviews, and informative insights. 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