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Mybet Holding full-year loss widens YOY

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Mybet Holding full-year loss widens YOY

Mybet Holding SE said its normalized net income for the full year came to a loss of 12 euro cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 28 cents per share.

The per-share loss grew year over year from 5 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €3.1 million, compared with a loss of €1.2 million in the year-earlier period.

The normalized profit margin dropped to negative 5.5% from negative 1.7% in the year-earlier period.

Total revenue fell 9.4% year over year to €65.0 million from €71.7 million, and total operating expenses decreased 6.7% from the prior-year period to €67.8 million from €72.7 million.

Reported net income totaled a loss of €8.9 million, or a loss of 35 cents per share, compared to a loss of €383,000, or a loss of 2 cents per share, in the year-earlier period.