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Mybet Holding Q1 loss narrows YOY

Mybet Holding SE said its first-quarter normalized net income amounted to a loss of 2 euro cents per share, compared with a loss of 16 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €619,500, compared with a loss of €1.0 million in the prior-year period.

The normalized profit margin declined to negative 7.5% from negative 6.6% in the year-earlier period.

Total revenue came to €15.2 million, compared with €15.3 million in the prior-year period, and total operating expenses declined 5.0% year over year to €15.7 million from €16.5 million.

Reported net income totaled a loss of €949,000, or a loss of 4 cents per share, compared to a loss of €1.6 million, or a loss of 24 cents per share, in the prior-year period.