Spain's Codere ranks 85th in the list of the 100 most valuable brands
Codere Online Celebrates Eighth Consecutive Year in Spain's Top 100 Most Valuable Brands
Codere Online, a leading online gaming company, has once again been recognised as a key brand in Spain's market. In the Brand Finance Spain's 2024 ranking, Codere Online was named among the top 100 most valuable brands for the eighth consecutive year.
The company generated nearly 80 million euros of net gaming revenue in Spain over the past twelve months, and over 28 million euros of Adjusted EBITDA during the same period. These strong financial results, coupled with the company's continued success in the Spanish market, have earned Codere Online the 85th spot in this year's ranking.
"We are extremely pleased to be named in the top 100 most valuable brands in Spain for the eighth consecutive year," said the Chief Marketing Officer of Codere Online. "This recognition is a testament to our team's hard work and dedication to providing the best possible gaming experience for our customers."
Codere Online started operations in Spain in 2014 and has since established itself as a significant player in the market. Despite its growing global footprint, the company remains proud to retain its reputation as a key brand in Spain. In fact, since 2010, Codere Online is the only gaming company to be included in the ranking.
The company's CEO, Óscar Cadarso, represented Codere Online at the ranking event. "Spain will always be our home market," he said. "We are proud of our achievements in Spain and are committed to continuing to provide our customers with the best possible gaming experience."
In addition to its success in Spain, Codere Online has also enjoyed strong financial results across its Mexican operations. The company is now seeking to replicate this path to profitability in its high-growth Latin American markets.
The Codere brand is ranked alongside global conglomerates such as Santander, Seat, and San Miguel in the 2024 ranking. However, no new global conglomerates were mentioned to be ranked alongside Codere in this year's ranking.
This recognition in the 2024 ranking is the latest milestone in a strong year for Codere Online. The company is proud to have retained its reputation as a key brand in the Spanish market despite its growing global footprint, and looks forward to continued success in the future.
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