BuzzFeed announces Q3 earnings per share of 20 cents, compared to 6 cents in the previous year.
Reports Q3 revenue $46.32M vs. $55.57M last year. The company said, "Q3 was a challenging quarter, but we continued to advance our core strategy. We're growing direct visits and deepening our relationship with Gen Z and Millennial audiences, which gives us more control and more room to innovate. I'm spending more of my time in the lab as we build new products for this direct audience, and look forward to sharing more next quarter. As we move into Q4, we expect a seasonal step-up from Q3. We're focused on capturing that demand and managing the business carefully to finish the year in a stable position."
