Paradium.AI Q3 revenue falls on referral traffic headwinds
PAAI•Paradium.AI’s third-quarter revenue fell 31% year over year to $20.54 million, while it posted a net loss of $3.77 million. The company cited lower referral traffic, including from Google Discover, and said revenue per page view rose 15% month over month in September.
1. Quarterly results
Paradium.AI reported third-quarter revenue of $20.54 million, up from the $20 million consensus estimate, and a net loss of $3.77 million. Loss per share was $0.08, compared with the $0.01 consensus estimate. The company said lower referral traffic, including from Google Discover, reduced advertising revenue and compressed margins.
2. Operating initiatives
The company said blended revenue per page view rose 15% month over month in September following monetization experiments. New article production increased 15% from the second quarter, enabled by AI technologies including InfoSentience and Cutter Studios. It did not provide specific financial guidance for the current quarter or full year.
