BuzzFeed Inc reports results for the quarter ended September 30 - Earnings Summary
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BuzzFeed Inc reported a quarterly adjusted loss of 20 cents per share for the quarter ended September 30, missing the analyst forecast of a 6-cent loss. Revenue was $46.32 million, below the expected $54.65 million. The company incurred a total loss of $7.44 million. BuzzFeed shares fell 4.1% this quarter and 39.0% year-to-date. Analysts' earnings estimates have dropped by 250% in the last three months, with no recent revisions. The average analyst rating remains "buy," with a 12-month price target of $4.00, 59.3% above the last closing price of $1.63.
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