Codere Online Luxembourg, S.A. (CDRO) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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CDRO Revenue Growth
Revenue Breakdown (FY 2025)
CDRO's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CDRO Revenue Analysis (2019–2025)
As of May 8, 2026, Codere Online Luxembourg, S.A. (CDRO) generated trailing twelve-month (TTM) revenue of $200.7 million, reflecting strong growth of +13.3% year-over-year. The most recent quarter (Q4 2024) recorded $49.3 million in revenue, up 0.0% sequentially.
Looking at the longer-term picture, CDRO's 5-year compound annual growth rate (CAGR) stands at +24.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $210.4 million in 2025, representing a new all-time high.
Revenue diversification analysis shows CDRO's business is primarily driven by Online casino wagering (62%), Online sports betting (37%), and Others (0%). With over half of revenue concentrated in Online casino wagering, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including DKNG (+27.0% YoY), FLUT (+18.9% YoY), and RSI (+28.2% YoY), CDRO has underperformed the peer group in terms of revenue growth. Compare CDRO vs DKNG →
CDRO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CDROCurrent | $201M | +13.3% | +24.4% | 2.7% | |
 DKNG | $6.1B | +27.0% | +58.0% | -0.3% | |
 FLUT | $16.4B | +18.9% | +22.1% | 6.3% | |
 RSI | $1.1B | +28.2% | +32.4% | 7.7% | |
 GENI | $669M | +31.0% | +34.9% | -15.6% | |
 MGM | $17.5B | +3.4% | +29.0% | 5.7% |
CDRO Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $210.4M | +4.8% | $202.1M | 96.0% | $5.7M | 2.7% |
| 2024 | $200.7M | +24.2% | $193.0M | 96.1% | $4.3M | 2.2% |
| 2023 | $161.6M | +39.7% | $155.4M | 96.1% | $-14,754,000 | -9.1% |
| 2022 | $115.7M | +44.2% | $110.9M | 95.8% | $-55,875,000 | -48.3% |
| 2021 | $80.3M | +13.8% | $73.2M | 91.2% | $-71,029,000 | -88.5% |
| 2020 | $70.5M | +14.5% | $65.3M | 92.7% | $-14,249,000 | -20.2% |
| 2019 | $61.6M | - | $29.1M | 47.2% | $-15,877,000 | -25.8% |
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Start ComparisonCDRO — Frequently Asked Questions
Quick answers to the most common questions about buying CDRO stock.
Is CDRO's revenue growth accelerating or slowing?
CDRO maintains +13.3% revenue growth, in line with its 5-year CAGR of +24.4%. TTM revenue stands at $201M. Growth rate remains consistent with historical average.
What is CDRO's long-term revenue growth rate?
Codere Online Luxembourg, S.A.'s 5-year revenue CAGR of +24.4% reflects the sustained expansion pattern. Current YoY growth of +13.3% is near this long-term average.
How is CDRO's revenue distributed by segment?
CDRO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.