BZFD - Buzzfeed GAAP EPS of -$0.19 misses by $0.02 revenue of $103.73M beats by $9.59M
- Buzzfeed press release ( NASDAQ: BZFD ): Q3 GAAP EPS of -$0.19 misses by $0.02 .
- Revenue of $103.73M (+15.1% Y/Y) beats by $9.59M .
- Adjusted EBITDA 2 loss was $2.4 million, compared to Adjusted EBITDA of $6.0 million in the third quarter of 2021
- Time spent declined 32% year-over-year to 151 million hours across our owned and operated properties as well as third-party platforms
- BuzzFeed ended the third quarter with cash and cash equivalents of approximately $59.1 million.
- "Looking ahead, we are on pace to deliver our strongest performance of the year in the fourth quarter," said Jonah Peretti, BuzzFeed Founder & CEO.
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Buzzfeed GAAP EPS of -$0.19 misses by $0.02, revenue of $103.73M beats by $9.59M