Paltalk PALT reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Paltalk missed estimated earnings by 60.0%, reporting an EPS of $-0.08 versus an estimate of $-0.05.
Revenue was down $363 thousand from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 3.57% increase in the share price the next day.
Here's a look at Paltalk's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.10 | -0.07 | -0.06 | |
| EPS Actual | -0.05 | -0.11 | -0.12 | -0.08 |
| Revenue Estimate | 2.55M | 2.62M | 2.93M | 3.14M |
| Revenue Actual | 2.79M | 2.62M | 2.64M | 2.93M |
To track all earnings releases for Paltalk visit their earnings calendar here.
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Posted In: EarningsBZI-Recaps