Codere Online Ascends in Spain’s Brand Value Rankings
Codere Online Enhances Brand Value in Spain
Codere Online (Nasdaq: CDRO / CDROW), a prominent player in online gaming, has made significant strides in its brand reputation as evidenced by its recent ranking improvement in Spain. The company has advanced to the 77th position from 85th in 2024, according to a well-respected Brand Finance evaluation of Spain’s most valuable brands.
Maintaining Leadership in the Gaming Sector
With this ranking, Codere continues to solidify its status as the sole gaming brand recognized in this competitive list. Its placement among prestigious brands such as Zara and Movistar highlights its influence within the Spanish business landscape. Codere has consistently been featured in the Top 100 list since 2010, illustrating its enduring presence and market penetration.
Expanding Presence in Core Markets
In the past year, Codere Online has broadened its operations in Spain and Mexico, forming impactful partnerships with leading football clubs like Real Madrid and C.F. Monterrey. These strategic collaborations are designed to elevate brand visibility, particularly during high-profile events like the FIFA Club World Cup, further enhancing the Codere brand’s recognition.
Comments from the CMO
Reflecting on the company's growth, Alberto Telias, Chief Marketing Officer, remarked on the positive impact of their marketing and sponsorship strategies. He highlighted how these efforts contributed to Codere's reputation as a leading brand in Spain, emphasizing the significance of customer experiences in connecting with the brand.
Financial Performance Highlights
Codere Online, which began operations in Spain in 2014, reported impressive financial results for the year ending in March 2025. The company achieved over 87 million euros in net gaming revenue, boasting a robust average of over 50,000 active players each month in Spain.
The Codere Online Brand Explained
The Codere Online entity encompasses Codere Online Luxembourg, S.A. and its various subsidiaries. As part of Codere Group, a well-known casino operator, Codere Online specializes in online sports betting and casino gaming, providing customers with innovative platforms both via its website and mobile applications. The brand continues to thrive in Spain, Mexico, Colombia, Panama, and Argentina.
About Codere Group
Codere Group stands as a leading multinational entity dedicated to leisure and entertainment, boasting over 40 years of experience in the gaming industry. The company operates across seven countries in both Europe, including Spain and Italy, and Latin America, including key markets such as Mexico and Colombia.
Getting in Touch with Codere Online
If you have inquiries regarding investment or media communications, contact Guillermo Lancha, Director of Investor Relations and Communications, via email at Guillermo.Lancha@codere.com or by phone at (+34) 628 928 152.
Frequently Asked Questions
What recent ranking improvement did Codere Online achieve?
Codere Online has improved its position to 77th in Spain’s Brand Finance ranking, up from 85th in 2024.
What sectors does Codere Online operate in?
Codere Online operates within the online sports betting and casino gaming sectors.
Which companies are mentioned alongside Codere in the rankings?
Codere is listed alongside well-known brands such as Zara, Vueling, and Movistar.
How much net gaming revenue did Codere generate last year?
In the last fiscal year, Codere Online generated over 87 million euros in Spain.
What geographic markets does Codere serve?
Codere Online operates in Spain, Mexico, Colombia, Panama, and Argentina.
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