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Kambi Group profit misses consensus by 61.0% in Q1

Kambi Group PLC said its first-quarter normalized net income came to €476,250, compared with a loss of €141,880 in the year-earlier period.

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

The normalized profit margin climbed to 4.8% from negative 1.8% in the year-earlier period.

Total revenue climbed 28.7% year over year to €10.0 million from €7.7 million, and total operating expenses rose 16.4% on an annual basis to €9.1 million from €7.8 million.

Reported net income totaled €579,440, or 2 cents per share, compared to a loss of €339,850, or a loss of 2 cents per share, in the prior-year period.