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Kambi Group profit misses consensus by 35.9% in Q1

Kambi Group PLC said its normalized net income for the first quarter amounted to 4 euro cents per share, compared with the S&P Capital IQ consensus estimate of 6 cents per share.

EPS climbed year over year from 2 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €1.2 million, an increase from €476,250 in the year-earlier period.

The normalized profit margin increased to 8.9% from 4.8% in the year-earlier period.

Total revenue climbed 33.1% year over year to €13.3 million from €10.0 million, and total operating expenses grew 23.9% year over year to €11.3 million from €9.1 million.

Reported net income increased from the prior-year period to €1.8 million, or 6 cents per share, from €579,440, or 2 cents per share.