Betsson AB said its normalized net income for the first quarter came to 1.07 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 1.56 kronor per share.
EPS rose 30.0% year over year from 82 öre.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 147.8 million kronor, an increase of 33.8% from 110.4 million kronor in the year-earlier period.
The normalized profit margin increased to 17.4% from 16.1% in the year-earlier period.
Total revenue rose 23.5% year over year to 847.4 million kronor from 686.0 million kronor, and total operating expenses grew 20.7% year over year to 609.6 million kronor from 504.9 million kronor.
Reported net income rose 42.1% year over year to 224.1 million kronor, or 1.62 kronor per share, from 157.7 million kronor, or 1.17 kronor per share.
As of April 24, US$1 was equivalent to 8.63 Swedish kronor.
