Altice Europe said its first-quarter normalized net income came to a loss of 18 euro cents per share, compared with a loss of 3 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €193.0 million, compared with a loss of €26.8 million in the prior-year period.
The normalized profit margin fell to negative 4.7% from negative 0.8% in the year-earlier period.
Total revenue grew 30.5% on an annual basis to €4.26 billion from €3.26 billion, and total operating expenses grew 29.5% year over year to €3.82 billion from €2.95 billion.
Reported net income came to a loss of €264.5 million, or a loss of 24 cents per share, compared to income of €598.3 million, or 58 cents per share, in the year-earlier period.
