Paltalk, Inc. Reports Results for Second Quarter 2024
PALTPaltalk(PALT) GlobeNewswire News Room·2024-08-14 04:05

Cash Balance of 12.8MillionatJune30,2024JERICHO,NY,Aug.13,2024(GLOBENEWSWIRE)−−Paltalk,Inc.(“Paltalk,”the“Company,”“we,”“our”or“us”)(Nasdaq:PALT),acommunicationssoftwareinnovatorthatpowersmultimediasocialapplications,todayannouncedfinancialandoperationalresultsforthesecondquarterendedJune30,2024.KeyFinancialHighlightsforSecondQuarterEndedJune30,2024ComparedtoPriorYearPeriodRevenuedecreased24.712.8 Million at June 30, 2024 JERICHO, NY, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Paltalk, Inc. (“Paltalk,” the “Company,” “we,” “our” or “us”) (Nasdaq: PALT), a communications software innovator that powers multimedia social applications, today announced financial and operational results for the second quarter ended June 30, 2024. Key Financial Highlights for Second Quarter Ended June 30, 2024 Compared to Prior Year Period Revenue decreased 24.7% to 2.2 millionSubscription revenue decreased 26 ...