BuzzFeed (BZFD) Misses Q1 EPS by 53c, Revenue Misses; Offers Weak Q2 Guidance

BuzzFeed (NASDAQ: BZFD) reported Q1 EPS of ($0.72), $0.53 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $44.76 million versus the consensus estimate of $73.02 million.

"Second Quarter 2024 Financial Outlook:

• We expect overall revenues in the range of $44 to $49 million, or approximately 21% to 30% lower than second quarter of 2023
• We expect Adjusted EBITDA3 in the range of $(4) million in losses to $1 million in profits, approximately flat year-over-year at the midpoint"

For earnings history and earnings-related data on BuzzFeed (BZFD) click here.

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