Spanish brand Codere ranks 85th in the top 100 most valuable brand listings

Codere Online Achieves Top 100 Ranking in Brand Finance Spain's 2024 Ranking

Codere Online, a prominent player in the gaming industry, has once again made it to Brand Finance Spain's prestigious list of the most valuable brands in the country. This marks the eighth consecutive year that Codere Online has been recognised among global conglomerates such as Santander, Seat, and San Miguel.

In the twelve months ended March 31, 2024, Codere Online generated nearly 80 million euros of net gaming revenue in Spain. This strong performance also translated into over 28 million euros of Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) during the same period.

The Company, which started operations in Spain in 2014, has been consistently enjoying strong financial results across its Spanish operations. Codere Online is not only present in Spain but also operates in high-growth Latin American markets, including Mexico.

Alberto Telias, the Chief Marketing Officer of Codere Online, expressed his satisfaction with the recognition, stating, "This is a significant achievement for us and a testament to the hard work and dedication of our team."

The Codere Online brand has been ranked 85th in Brand Finance Spain's 2024 ranking, making it the only company in the gaming industry to be included in the ranking. This recognition marks a strong year for the Company, both in its home market and its expanding operations in Latin America.

Codere Online is seeking to replicate the path to profitability in Spain across its high-growth Latin American markets. The Company aims to continue delivering exceptional gaming experiences to its customers while maintaining its financial success.

This latest milestone comes as no surprise, given Codere Online's consistent performance and commitment to quality. As the Company continues to grow and evolve, it remains a significant player in the gaming industry, both in Spain and beyond.