Marathon Digital Holdings: Q1 Earnings Insights

Marathon Digital Holdings MARA reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:00 PM.

Here's what investors need to know about the announcement.

Marathon Digital Holdings beat estimated earnings by 37.5%, reporting an EPS of $-0.05 versus an estimate of $-0.08.

Revenue was down $586 thousand from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 7.08% increase in the share price the next day.

Here's a look at Marathon Digital Holdings's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.16	-0.35	-0.22	0.22
EPS Actual	-0.14	-0.38	-2.28	-0.02
Revenue Estimate	34.95M	23.53M	37.57M	54.27M
Revenue Actual	28.42M	12.69M	94.92M	51.72M

To track all earnings releases for Marathon Digital Holdings visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.