Marathon Digital Holdings Revenues and Earnings Miss Expectations

KevinKelly
2023-03-21

Marathon Digital Holdings (NASDAQ:MARA$Marathon Digital Holdings Inc(MARA)$ ) Full Year 2022 ResultsKey Financial Results

  • Revenue: US$117.8m (down 26% from FY 2021).

  • Net loss: US$686.7m (loss widened by US$649.6m from FY 2021).

  • US$6.05 loss per share (further deteriorated from US$0.37 loss in FY 2021).

earnings-and-revenue-growth All figures shown in the chart above are for the trailing 12 month (TTM) period

Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 126%.

Looking ahead, revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

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