BuzzFeed (NASDAQ:BZFD) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:20 PM.
Here’s what investors need to know about the announcement.
Earnings
BuzzFeed beat estimated earnings by 3.7%, reporting an EPS of $-0.26 versus an estimate of $-0.27.
Revenue was down $24.41 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 25.78% drop in the share price the next day.
Here’s a look at BuzzFeed’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.03 | -0.17 | -0.13 | -0.21 |
| EPS Actual | -0.02 | -0.17 | -0.17 | -0.33 |
| Revenue Estimate | 131.25M | 94.14M | 108.13M | 94.46M |
| Revenue Actual | 134.62M | 103.73M | 106.76M | 91.56M |
To track all earnings releases for BuzzFeed visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
