Codere Online Q3 Revenue Climbs 31% but CEO Retains Caution

Codere Online reported a 31% year-on-year increase in third-quarter revenue to €62.6 million, supported by strong growth in Mexico and continued progress in Spain. However, CEO Aviv Sher has maintained the company’s cautious financial outlook for 2026, citing regulatory uncertainty, currency pressures and changing customer acquisition conditions in key markets. The online gambling operator also recorded a 30% increase in gaming win to €67.1 million for the three months ended September 30, 2026.