Buzzfeed

Buzzfeed, Inc. is an independent digital media company, which engages in engagement, distribution, and leveraging data. Its cross-platform network includes BuzzFeed Originals, which creates articles, lists, quizzes, and videos, BuzzFeed Media Brands, which consists of a portfolio of identity-driven lifestyle brands including Nifty, Goodful, As/Is, and Tasty, a social food network, BuzzFeed Studios, which produces original content across broadcast, cable, SVOD, film and digital platforms, and BuzzFeed News and HuffPost, which include reporting and investigative journalism, and BuzzFeed Commerce, which develops products and experiences, as well as licensing and other strategic partnerships. The company was founded by Jonah Peretti and John Johnson in November 2006 and is headquartered in New York, NY.

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Buzzfeed faces revenue decline in Q1 but eyes programmatic growth

Buzzfeed's Q1 2024 earnings call emphasized a mixed performance with a focus on AI-led media, direct traffic growth, and revenue stabilization efforts. The company is addressing challenges in advertising and commerce revenues while eyeing opportunities in programmatic advertising growth and cost savings from restructuring.

Buzzfeed reports Q2 growth, focuses on audience engagement and profitability

Buzzfeed's Q2 performance showcased revenue growth, improved EBITDA, and a strategic shift towards deeper audience engagement on owned platforms.
While facing challenges in debt management and cost optimization, the company aims to stabilize its business, return to growth, and enhance profitability.
Opportunities lie in continued innovation, audience loyalty, and cash balance stability, positioning Buzzfeed for sustainable growth and value creation.

Buzzfeed reports Q3 growth, focuses on stability and profitability

Buzzfeed's Q3 2024 performance reflects growth in audience engagement and revenue, with a focus on stabilizing operations and driving profitability. The company's emphasis on financial health and future growth sets a positive trajectory despite potential challenges in a competitive market.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (Nasdaq: BZFD) today announced its go-forward model for employee equity compensation and incentives. BuzzFeed founder and CEO Jonah Peretti is leading the way for this change, taking the majority of his compensation as a stock-based package—at the money options—and removing the bulk of his cash based-compensation. The company is also extending stock incentives to senior executives across the organization. The strategic move provides stock options with a.

BuzzFeed Inc., Bullish About Future of the Company, Redefines Compensation Model to Drive Value Creation

BuzzFeed, Inc. (NASDAQ:BZFD ) Q1 2024 Earnings Conference Call May 13, 2024 5:00 PM ET Company Participants Amita Tomkoria - Head, Investor Relations Jonah Peretti - Chief Executive Officer Matt Omer - Chief Financial Officer Operator Good day, and thank you for standing by. Welcome to the BuzzFeed, Inc. First Quarter 2024 Earnings Conference Call.

BuzzFeed, Inc. (BZFD) Q1 2024 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc1.'s (Nasdaq: BZFD) reported first quarter (ended March 31, 2024) financial results in line with the company's outlook shared on March 25, 2024. “We closed the first quarter of 2024 with exciting momentum in our business, completing the biggest step in our transformation, which was to refocus the company on our owned and operated sites and apps, and away from the platform-dependent model of distribution,” said Jonah Peretti, BuzzFeed Founder & CEO. “T.

BuzzFeed, Inc. First Quarter 2024 Financial Results in Line With March Outlook

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (NASDAQ: BZFD) today announced that its Board of Directors and shareholders approved a 1-for-4 reverse stock split of the company's Class A common stock, par value $0.0001 per share, and Class B common stock, par value $0.0001 per share, which will be effective at 12:01am EST on May 6, 2024. BuzzFeed's Class A common stock will continue to be traded on The Nasdaq Capital Market on a split-adjusted basis beginning on May 6, 2024, under the Company's exis.

BuzzFeed, Inc. Announces 1-For-4 Reverse Stock Split

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (NASDAQ: BZFD) today announced plans to release first quarter 2024 financial results on Monday, May 13, 2024 after the market closes. BuzzFeed, Inc. Founder and CEO Jonah Peretti and CFO Matt Omer will host a conference call to discuss the results at 5:00 PM ET. The financial results conference call will be available via webcast at investors.buzzfeed.com under the heading News & Events. A replay of the call will be made available at the same URL. To.

BuzzFeed, Inc. to Release First Quarter 2024 Financial Results on Monday, May 13, 2024

BuzzFeed (NASDAQ: BZFD ) stock is a hot topic on Tuesday as the media company is seeking approval for a reverse stock split at its next shareholder meeting. That shareholder meeting is set for April 25 and will have investors voting on several matters.

BZFD Stock: BuzzFeed Is Prepping for a Reverse Stock Split

BuzzFeed sold its Complex business for $114 million or 2X revenue, in late February 2024. This transforms the balance sheet. The market is irrationally fearful of BZFD's $120 million 8.5% 12/3/2026 convertible, which has a 12/3/24 lender put option. Selling complex means everyone can row in the same direction, coupled with $23 million of FY 2024 cost savings, and this stock is (super mis-priced), at its current valuation.

My Best Current Micro-Cap Idea: BuzzFeed, Inc.

Allbirds

Vroom

Rent the Runway

Many companies that were once unicorns are struggling to survive as interest rates remain at an elevated level and as growth slows. Some former unicorns like WeWork, Hopin, Olive AI, and Convoy have all filed for bankruptcy.

From unicorns to near zero: RENT, Allbirds, Vroom, and BuzzFeed

Carvana

Encore Wire

The market doesn't understand Carvana and Vroom, according to Courage & Conviction Investing. BuzzFeed's recent sale and balance sheet improvements make it an interesting investment opportunity.

Carvana, Vroom, BuzzFeed, Encore Wire - Getting Paid To Take Risks With Courage & Conviction Investing

BuzzFeed (NASDAQ: BZFD) stock price is rising from the ashes. It has surged by more than 86% in 2023 and by over 190% from its lowest level in 2023.

Up 86% in 2024, is BuzzFeed stock a good buy?

Media companies to combine publishing and advertising platforms to target gen Z and millennials

Independent to take control of BuzzFeed and HuffPost in UK and Ireland

British media group The Independent will take control of BuzzFeed's editorial and commercial operations in the UK and Ireland in a multi-year licensing deal announced on Thursday.

Britain's The Independent signs deal to take control of BuzzFeed UK

The Independent is set to take over BuzzFeed and HuffPost through a deal bringing together several online media brands. BuzzFeed and other brands included in the deal will continue to operate as separate sites under the agreement but will be managed by the Independent, which will also take on staff.

BuzzFeed to be taken over by the Independent

LONDON--(BUSINESS WIRE)--Independent Digital News and Media Ltd (“The Independent”) and BuzzFeed, Inc. (Nasdaq: BZFD) today announced they have entered into a multi-year license and strategic partnership. The deal brings together the globally renowned brands of The Independent (which includes Independent TV, IndyBest and Indy100) with BuzzFeed UK, Tasty UK, Seasoned and HuffPost UK, to form one operation in the UK and Ireland, led by The Independent. The partnership forms a ‘digital supergroup'.

The Independent and BuzzFeed Sign Long-Term License and Strategic Partnership in UK & Ireland

BuzzFeed, Inc. (BZFD) Q4 2023 Earnings Call Transcript

Buzzfeed Inc (NASDAQ: BZFD) says it remained in loss in its fourth financial quarter. Shares of the internet media company are slightly down in extended hours.

Buzzfeed ‘at an inflection point' after Q4 earnings

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc.'s (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) fourth quarter and full year (ended December 31, 2023) financial results were in line with its revised outlook shared in February, but fell short of its initial expectations. Looking ahead, following key strategic organizational changes, BuzzFeed is optimistic about 2024 with a commitment to high-margin revenue streams and a renewed focus on its owned and operated websites and apps. “Three months into 2024,.

BuzzFeed, Inc. Makes Strategic & Organizational Changes to Improve Profitability After Challenging Q4 and Full Year 2023

It's been a big day for Buzzfeed (NASDAQ: BZFD ), and it's just getting started. Shares of the popular digital media company are up more than 70% today after the company confirmed the sale of its Complex division to e-commerce giant NTWRK.

BuzzFeed Layoffs 2024: What to Know About the Latest BZFD Job Cuts

BuzzFeed (NASDAQ: BZFD ) stock is heading higher on Thursday after the media company sold its Complex division to NTWRK. NTWRK is paying BuzzFeed $108.6 million in cash for Complex.

Why Is BuzzFeed (BZFD) Stock Up 101% Today?

HuffPost parent company Buzzfeed said Wednesday that it is slashing 16% of its workforce — the latest in a wave of layoffs by financially-strapped media companies — and will sell music and culture-focused site Complex The digital media company — once an advertising revenue juggernaut — said the cuts are “designed to reduce centralized costs

HuffPost parent Buzzfeed lays off 16% of its workforce, sells Complex

Media group says it will be ‘more profitable, more nimble' after offloading Complex at a discount and implementing a restructure

BuzzFeed plans to lay off 16% of employees after selling Complex

BuzzFeed is selling Complex to NTWRK for $108.6 million in cash plus $5.7 million for use of NYC office space, severance and other employee costs. It also announced a strategic restructuring including laying off 16% of its workforce that it expects will save $23 million a year. It will discuss details on Feb.

BuzzFeed Sells Complex For $108 Million Cash Amid Restructuring, Layoffs

Shares of BuzzFeed Inc. BZFD, -8.50% were up more than 90% after hours on Wednesday after the media company said it had sold off the pop-culture site Complex and would lay off 16% of its remaining staff, marking the latest cutbacks in the digital-media industry. BuzzFeed — which owns its namesake outlet, HuffPost and First We Feast — said it had sold Complex to NTWRK, an online shopping platform, for $108.6 million in cash.

BuzzFeed shares rocket higher, after sale of Complex and plans to cut staff by 16%

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. Announces Sale of Complex to NTWRK in All-Cash Deal.

BuzzFeed, Inc. Announces Sale of Complex to NTWRK in All-Cash Deal

As has been the case with a number of high-profile special purpose acquisition company (SPAC) mergers, the past three years have been rather dim for most de-SPAC companies. BuzzFeed (NASDAQ: BZFD ) is certainly one company that can be included in this group.

News for Buzzfeed Stock (BZFD)