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BuzzFeed Q4 Swings to Earnings, Revenue Down; Q1 Sales Outlook Set -- Shares Drop After Hours
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BuzzFeed Q4 Swings to Earnings, Revenue Down; Q1 Sales Outlook Set -- Shares Drop After Hours
Mar 25, 2024 2:34 PM

05:10 PM EDT, 03/25/2024 (MT Newswires) -- BuzzFeed ( BZFD ) reported Q4 net income from continuing operations late Monday of $0.03 per diluted share, compared with a loss of $0.43 per share a year earlier.

Revenue for the quarter ended Dec. 31 fell to $75.7 million from $101.7 million a year earlier.

No analyst estimates were available on Capital IQ for comparison.

For Q1, the company said it expects revenue of $42 million to $44 million, or 20% to 23% lower than Q1 2023.

Its shares were down 15% in after-hours activity.

Price: 0.34, Change: -0.06, Percent Change: -15.61

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