NTN Buzztime, Inc. Reports First Quarter 2020 Results
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NTN Buzztime (NTN) Reports Q1 Loss of $0.42, Revenues Miss
May 19, 2020 4:14 PM EDTNTN Buzztime (NYSE: NTN) reported Q1 EPS of ($0.42), versus ($0.11) reported last year. Revenue for the quarter came in at $2.4 million versus the consensus estimate of $7.16 million.
Allen Wolff, CEO, said, "We started 2020 focused on growing our business in an efficient manner. Shifting the Buzztime network to a mobile-based, capital-light solution complemented with an expanded programmatic advertising platform increased the scalability of our business. In the first quarter of 2020, we were gaining traction, as evidenced by sequential... More
