NTN Buzztime (NTN) Tops Q3 EPS by 12c, Revenues Beat

NTN Buzztime (NYSE: NTN) reported Q3 EPS of $0.08, $0.12 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $6 million versus the consensus estimate of $5.92 million.

"Third quarter 2018 delivered 15.5% revenue growth over third quarter 2017; reported positive net income for the first time since 2012; and reached $1.1 million in EBITDA, more than double third quarter 2017," said Ram Krishnan, NTN Buzztime CEO. "The results reflect our diversification strategy, which includes focusing on hardware sales, licensing content, and entering new markets. To drive future growth, we continue to invest in advancing our technology platform and extending our solution suite. Leveraging our foundation interactive entertainment, we are developing new options in functionality, form factor, and mobility culminating in an entry-level price point option that we expect to broaden market appeal."

For earnings history and earnings-related data on NTN Buzztime (NTN) click here.

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