Feb. 27 at 4:24 PM
Noble Capital Markets Research Report: Codere Online (
$CDRO) – Delivers Operating Leverage
Solid Q4 Results. The company reported Q4 revenue of €60.7 million and adj. EBITDA of €6.7 million, both of which surpassed our estimates of €57.0 million and €3.0 million, respectively, as illustrated in Figure #1 Q4 Results. Notably, the company benefited from strong user activity in the quarter, both in monthly active users and first time deposits (FTD), as well as an improved cost per acquisition (CPA).
Read full report here: https://www.channelchek.com/news-channel/codere-online-cdro-delivers-operating-leverage