Earnings Call Summary | Codere Online Luxembourg(CDRO.US) Q4 2023 Earnings Conference
Earnings Call Summary | Codere Online Luxembourg(CDRO.US) Q4 2023 Earnings Conference
The following is a summary of the Codere Online Luxembourg, S.A. (CDRO) Q4 2023 Earnings Call Transcript:
以下是盧森堡科德雷在線有限公司（CDRO）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Codere reported a 33% increase in consolidated net gaming revenue, reaching over $50 million, led by 54% growth in Mexican operations and 17% in Spain.
The adjusted EBITDA was negative at $4 million in Q4, marking an $11 million improvement compared to Q4 2022.
The company's net working capital position ended at a negative $22 million for the year, equating to around 13% of its full-year net gaming revenue.
Noteworthy growth drivers included a $12 million rise in net gaming revenue, a $6 million cut in marketing investments, and controlled growth in most other operating expenses.
Codere報告稱，合併淨博彩收入增長33％，達到5000萬美元以上，其中墨西哥業務增長54％，西班牙業務增長17％。
第四季度調整後的息稅折舊攤銷前利潤爲負400萬美元，與2022年第四季度相比增長了1100萬美元。
該公司今年的淨營運資金狀況收於負2200萬美元，相當於其全年淨博彩收入的13％左右。
值得注意的增長驅動力包括淨博彩收入增長1200萬美元，削減600萬美元的營銷投資以及大多數其他運營支出的受控增長。
Business Progress:
業務進展：
Codere's active customer base grew by 15% in Spain, contributing 57% of the quarter's revenue for the Spanish segment.
In Mexico, net gaming revenue increased by 54% YoY due to a 16% rise in active customers and 32% higher spend per customer.
Despite flat revenue, Codere Colombia showed improvement in customer acquisition quality.
In 2024, Codere anticipates net gaming revenue ranging from $185 million to $200 million, marking the year as a turning point towards profitability.
Strategic focus includes expansion in Argentina, ongoing commitment to core markets (Spain and Mexico), increased customer acquisitions for major sporting events, and leveraging the growing Latin American sector.
Codere在西班牙的活躍客戶群增長了15％，佔西班牙細分市場本季度收入的57％。
在墨西哥，由於活躍客戶增長了16％，每位客戶的支出增加了32％，淨博彩收入同比增長了54％。
儘管收入持平，但哥倫比亞科德雷的客戶獲取質量有所改善。
Codere預計2024年的淨博彩收入在1.85億美元至2億美元之間，這標誌着這一年是實現盈利的轉折點。
戰略重點包括在阿根廷的擴張、對核心市場（西班牙和墨西哥）的持續承諾、增加重大體育賽事的客戶獲取以及利用不斷增長的拉丁美洲行業。
More details: Codere Online Luxembourg IR
更多詳情： Codere 在線盧森堡 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。