How did CMCT's Q4 earnings surprise investors?
4/9/2025 03:14pm
Creative Media (CMCT) reported a net loss of $10.42 million for Q4 2024, which was a significant decline from the preceding quarter's earnings of $944 thousand. This unexpected turn of events likely surprised investors, as the company's performance appeared to have regressed rather than progressed. Moreover, the company's revenue for the quarter was below estimates, with the reported revenue being $25.87 million and the estimated EPS being -$4.22. This discrepancy between the actual and estimated figures likely contributed to the surprise, as investors may have had higher expectations based on the company's previous performance and market conditions.