公司背景 - Codere Online成立于2014年，是著名赌场运营商Codere Group的一部分，提供在线体育博彩和在线赌场服务，目前在西班牙、墨西哥、哥伦比亚、巴拿马和布宜诺斯艾利斯（阿根廷）等核心市场运营[4] 财报发布信息 - Codere Online将于2024年2月29日美国东部时间8:30AM之前发布2023年第四季度和全年财报[1] - Codere Online管理团队将在同一天美国东部时间8:30AM举行电话会议，讨论财报结果并提供业务更新[2] - Codere Online的财报新闻稿和相关材料将在公司网站www.codereonline.com上提供，电话会议的拨入详情和音频网络广播注册链接可在同一网站的活动与演示部分找到[3]

财务数据和关键指标变化 - 公司第三季度实现净游戏收入4,300万欧元,同比增长41% [8] - 公司实现首次正的调整后EBITDA,较上年同期改善1,300万欧元 [13][18] - 公司现金余额4,300万欧元,其中可用现金3,700万欧元 [23] 各条业务线数据和关键指标变化 - 西班牙业务净游戏收入增长27%,活跃客户增加17%,人均消费增加9% [20] - 墨西哥业务净游戏收入增长63%,活跃客户增加38%,人均消费增加18% [21] - 哥伦比亚业务净游戏收入维持在200万欧元左右,公司专注于提高客户质量而非大幅营销投入 [22] 各个市场数据和关键指标变化 - 西班牙和墨西哥市场合计新增首次存款客户11,000人,抵消了哥伦比亚和阿根廷市场的下降 [11] - 公司整体新增首次存款客户69,000人,同比下降20% [11] - 公司整体活跃客户增加19%至12.4万人 [10] - 公司整体人均月消费增加19%至116欧元 [10] 公司战略和发展方向及行业竞争 - 公司专注于提升体育博彩和在线赌场产品,为客户提供最佳体验 [7] - 公司计划于明年实现盈利和现金流正转 [27] - 西班牙市场监管环境趋严,但公司认为目前尚未对业务产生重大影响 [49][50] - 公司正积极推进阿根廷门多萨市场的准入工作,预计明年上半年开始运营 [57][58] 管理层对经营环境和未来前景的评论 - 公司对保持并提升目前的良好势头保持乐观 [7] - 公司认为西班牙市场的增长主要得益于品牌优势和产品持续改善,以及监管环境下中小竞争对手的退出 [38][39] - 公司认为墨西哥市场的强劲增长源于自身的市场份额提升,而非竞争对手的困境 [55][56] 问答环节重要的提问和回答 问题1 **Pat McCann 提问** 询问分布式/总部运营费用下降对EBITDA的影响 [31] **Aviv Sher 回答** 公司正努力将更多费用分摊至各业务单元,以提升分部EBITDA [34][35] 问题2 **Jeff Stantial 提问** 询问第四季度收入和EBITDA指引的原因,以及西班牙业务高EBITDA率的原因 [42][49] **Aviv Sher 回答** 第四季度公司将适当增加营销投入,但整体全年营销费用占收入比例将控制在50%左右 [43][44] 西班牙业务受益于较低的税率和良好的经营杠杆 [46][47] 问题3 **未知分析师 提问** 询问公司未来自由现金流的用途考虑 [62] **Oscar Iglesias 回答** 公司计划将自由现金流主要用于西班牙和墨西哥两大核心市场的营销投入,以持续提升市场份额 [64][65]

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) Q2 2023 Earnings Call Transcript August 31, 2023 8:30 AM ET Oscar Iglesias - CFO Jeff Stantial - Stifel Operator Thanks, operator, and welcome everyone to Codere Online's earnings call for the second quarter of 2023. Today, you will hear from our CEO, Aviv Sher, and CFO, Oscar Iglesias. Our former CEO and Executive Vice Chairman, Moshe Edree, will also join us in the Q&A section. Finally, please note that a replay and transcript of this call will be available on ...

Second Quarter 2023 Earnings This presentation (this "Presentation"), its contents and any information provided during the meeting to present this document are for discussion purposes only, and must not be relied upon for any purpose. This Presentation is not for release, publication or distribution, in whole or in part, in or into any jurisdiction where such distribution would be unlawful. Certain terms used throughout this Presentation are defined in the Defined Terms section included at the end of this P ...

Yes. Hi, Jackson. I think as it relates to we're not providing guidance in terms of our overall marketing spend for the year other than what we've guided in our Q4 call in terms of taking our foot off the pedal a little bit and prioritizing and – or balancing profitability with growth. But I think that we are cautious going into the second quarter until we have a few more months of visibility over the business and how it's trading, especially into a few of the slower sports summer months. We want to be a li ...

First Quarter 2023 Earnings Disclaimer Forward-Looking Statements As a result of a number of known and unknown risks and uncertainties, Codere Online's actual results or performance may be materially different from those expressed or implied by these forward-looking statements. There may be additional risks that Codere Online does not presently know or that Codere Online currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. S ...

In Argentina, gaming is regulated at the provincial rather than federal level. A few provinces, including Buenos Aires, Santa Fe, Córdoba, Santa Cruz, Neuquén, Chubut, San Luis, La Pampa, Misiones, Corrientes, Entre Ríos, Río Negro, Mendoza and Tucumán, have issued online gaming regulation. There are increasing initiatives from the State Lotteries and Casinos Association (ALEA) to issue federal regulation based on European models. Pending LOTBA's authorization of the transfer of the Buenos Aires License to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Codere Online Luxembourg, S.A. (Translation of registrant's name into English) 7 rue Robert Stümper L-2557 Luxembourg, Grand Duchy of Luxembourg (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rul ...

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) Q4 2022 Results Conference Call February 28, 2023 8:30 AM ET Company Participants Guillermo Lancha - Director, Investor Relations and Communications Moshe Edree - Chief Executive Officer Oscar Iglesias - Chief Financial Officer Conference Call Participants Jeff Stantial - Stifel Michael Kupinski - Noble Mike Hickey - The Benchmark Operator Good afternoon. My name is Abby and I'll be your conference operator today. At this time, I would like to welcome everyone to ...

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) Q3 2022 Earnings Conference Call November 16, 2022 8:30 AM ET Company Participants Guillermo Lancha - Director, Investor Relations and Communications Moshe Edree - Chief Executive Officer Oscar Iglesias - Chief Financial Officer Conference Call Participants Jeff Stantial - Stifel Operator Good afternoon. My name is Ralph and I'll be your conference operator today. At this time, I would like to welcome everyone to the Codere Online Third Quarter 2022 Financial Res ...