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Constantin Medien Q1 loss narrows YOY

Constantin Medien AG said its first-quarter normalized net income was a loss of €406,250, compared with a loss of €620,750 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to negative 0.2% from negative 0.6% in the year-earlier period.

Total revenue increased 90.2% year over year to €195.0 million from €102.5 million, and total operating expenses rose 92.8% on an annual basis to €188.9 million from €97.9 million.

Reported net income came to a loss of €861,780, or a loss of 1 cents per share, compared to a loss of €861,780, or a loss of 1 cents per share, in the prior-year period.