Paltalk Inc reports results for the quarter ended September 30 - Earnings Summary

Reuters11-13

* Paltalk Inc reported a quarterly adjusted loss of 16 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -2 cents. The lone analyst forecast for the quarter was for a loss of 11 cents per share.

* Revenue fell 26.6% to $2.03 million from a year ago; analysts expected $2.25 million.

* Paltalk Inc's reported EPS for the quarter was a loss of 16 cents.

* The company reported a quarterly loss of $1.51 million.

* Paltalk Inc shares had fallen by 38.4% this quarter and lost 15.0% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 57.1% in the last three months.

* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the online services peer group is also "hold"

This summary was machine generated from LSEG data November 12 at 11:26 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 -0.11 -0.16 Missed

Jun. 30 2024 -0.08 -0.10 Missed

Mar. 31 2024 -0.02 -0.05 Missed

-0.03

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