Codere Online Luxembourg (CDRO) Operating Expenses (2020 - 2023)

Codere Online Luxembourg (CDRO) has reported Operating Expenses for 4 consecutive years, with -$189.8 million the latest figure, recorded in Q4 2023.

• For the quarter ending Q4 2023, Operating Expenses fell 8.4% year-over-year to -$189.8 million; the trailing twelve-month figure through Dec 2023 stood at -$639.0 million (changed N/A YoY), and the FY2025 full-year result was -$231.2 million, down 8.8% from the prior year.
• Operating Expenses retreated to -$189.8 million in Q4 2023 per CDRO's latest filing, from -$175.1 million in the prior quarter.
• Across five years, Operating Expenses topped out at -$101.0 million in Q4 2020 and bottomed at -$189.8 million in Q4 2023.
• Historically, Operating Expenses has averaged -$159.7 million across 4 years, with a median of -$174.1 million in 2021.
• The sharpest annual moves came in 2021 and 2022: Operating Expenses tumbled 71.28% in 2021, then fell 1.18% in 2022.
• Over 4 years, Operating Expenses stood at -$101.0 million in 2020, then sank by 71.28% to -$173.1 million in 2021, then fell by 1.18% to -$175.1 million in 2022, then decreased by 8.4% to -$189.8 million in 2023.
• According to Business Quant data, Operating Expenses over the past three periods registered -$189.8 million, -$175.1 million, and -$173.1 million for Q4 2023, Q4 2022, and Q4 2021 respectively.