BuzzFeed down after first-quarter revenue falls

BuzzFeed

13/05/2024 22:11

** Shares of digital media firm BuzzFeed  BZFD.O  down 1% at
$2.09 in aftermarket trading
    ** Co's Q1 revenue declines 18% to $44.8 mln, from a year
earlier
    ** Advertising revenue in Q1 down 22% to $21.4 mln, from a
year earlier
    ** BZFD expects Q2 revenue to be in the range of $44 mln to
$49 mln, about 21% to 30% lower than Q2 2023
    ** Up to last close, stock more than doubled YTD

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))