Codere Online announced that the Codere brand has secured the 85th position in Brand Finance Spain’s 2024 ranking of the 100 most valuable brands. This marks the twelfth instance since 2010 that Codere has been recognized in its home market, joining the ranks of prominent companies such as Santander, Seat, and San Miguel. Notably, Codere is the sole representative from the gaming industry in this prestigious ranking.
This accolade reflects a successful year for Codere, underscored by strong financial performance in both its Spanish and Mexican operations. Codere Online began its operations in Spain in 2014. For the twelve months ending March 31, 2024, the Company reported nearly 80 million euros in net gaming revenue and over 28 million euros in Adjusted EBITDA in Spain, highlighting a profitable trajectory that Codere aims to replicate in its expanding Latin American markets.
Alberto Telias, Chief Marketing Officer of Codere Online, stated: “We are extremely pleased to once again be named in the top 100 most valuable brands in Spain, in what is now the eighth consecutive year. Spain will always be our home market, and retaining our reputation as a key brand in this market despite our growing global footprint makes us very proud.”
