BZFD - Buzzfeed GAAP EPS of -$0.75 misses by $0.72 revenue of $134.62M beats by $3.37M
2023-03-13 16:36:39 ET
- Buzzfeed press release ( NASDAQ: BZFD ): Q4 GAAP EPS of -$0.75 misses by $0.72 .
- Revenue of $134.62M (-7.6% Y/Y) beats by $3.37M .
- Adjusted EBITDA was $17.6 million, compared to Adjusted EBITDA of $34.2 million in the fourth quarter of 2021
- Growth in Time Spent on our owned and operated properties was more than offset by declines on third-party platforms, resulting in a 27% decline in overall Time Spent, to 135 million hours.
- Q1 Outlook: We expect overall revenues in the range of $61 to $67 million
- We expect Adjusted EBITDA losses in the range of $18 to $25 million.
- Shares -7.03% .
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Buzzfeed GAAP EPS of -$0.75 misses by $0.72, revenue of $134.62M beats by $3.37M