2023-08-08 17:38:32 ET
- Buzzfeed press release ( NASDAQ: BZFD ): Q2 GAAP EPS of -$0.20 misses by $0.07 .
- Revenue of $77.9M (-27.0% Y/Y) misses by $0.51M .
- Adjusted EBITDA loss was $0.1 million, compared to Adjusted EBITDA of $2.1 million in the second quarter of 2022.
- Time Spent decreased 9% year-over-year to 96 million hours .
- BuzzFeed ended the period with cash and cash equivalents of approximately $41 million.
- Third Quarter 2023 Financial Outlook: We expect overall revenues in the range of $73 to $78 million vs. consensus of $91.79M.
- We expect Adjusted EBITDA in the range of $1 million in losses to $4 million in profits.
For further details see:
Buzzfeed misses Q2 top and bottom line estimates; initiates Q3 outlook