{"id":261,"date":"2024-06-27T09:06:12","date_gmt":"2024-06-27T06:06:12","guid":{"rendered":"https:\/\/7bitcasinobonuscode.icu\/2024\/06\/27\/nuvacode-reports-q1-2022-earnings-shows-growth-in-key-markets\/"},"modified":"2024-06-27T09:06:12","modified_gmt":"2024-06-27T06:06:12","slug":"nuvacode-reports-q1-2022-earnings-shows-growth-in-key-markets","status":"publish","type":"post","link":"https:\/\/7bitcasinobonuscode.icu\/2024\/06\/27\/nuvacode-reports-q1-2022-earnings-shows-growth-in-key-markets\/","title":{"rendered":"Nuvacode Reports Q1 2022 Earnings, Shows Growth in Key Markets"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/9MIrqqCBTN0\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Nuvacode disclosed its financial outcomes for the initial three months of 2022, revealing earnings of \u20ac293.7 million (\u00a3250.1 million\/$305.1 million).<\/p>\n<p>The organization stated this figure was reduced by 17% from pre-pandemic benchmarks, but refrained from providing year-to-year data.<\/p>\n<p>Geographically, earnings in Argentina reached \u20ac73.2 million.<\/p>\n<p>Earnings in Spain amounted to \u20ac43.6 million, exhibiting a 63.7% year-over-year expansion. This nears pre-pandemic levels, representing 90% of the initial quarter&#8217;s revenue in 2019.<\/p>\n<p>Earnings in Mexico expanded by 28.6% to \u20ac49.9 million, signifying a 126% surge.<\/p>\n<p>Earnings in Italy reached \u20ac63.4 million. This was attributed to the resumption of operations for businesses impacted by the COVID-19 outbreak. Earnings in Uruguay totaled \u20ac14 million.<\/p>\n<p>Modified earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to \u20ac48.7 million, reflecting a \u20ac45.2 million increase from the COVID-impacted initial quarter of 2021.<\/p>\n<p>Nuvacode emerged following the acquisition of its parent organization, Codere, by creditors in November 2021. This constituted a component of a restructuring agreement finalized in April 2021, when Codere was unable to fulfill its obligations to bondholders.<\/p>\n<p>Sign up for the iGaming News Newsletter <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nuvacode disclosed its financial outcomes for the initial three months of 2022, revealing earnings of&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nuvacode Q1 2022 Earnings: \u20ac293.7 Million<\/title>\n<meta name=\"description\" content=\"Nuvacode reports Q1 2022 earnings, revealing a 17% decrease from pre-pandemic levels. 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