BuzzFeed: Q1 Earnings Insights

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BuzzFeed 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.

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