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Marathon Digital Holdings Full Year 2022 Earnings: Misses Expectations

Marathon Digital Holdings (NASDAQ:MARA) Full Year 2022 Results

Key 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).


All figures shown in the chart above are for the trailing 12 month (TTM) period

Marathon Digital Holdings Revenues and Earnings Miss Expectations

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.

Performance of the American Software industry.

The company's shares are up 53% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Marathon Digital Holdings (2 are a bit unpleasant) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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