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

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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.

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Chief executive Jonah Peretti says in company-wide email BuzzFeed ‘can no longer continue to fund BuzzFeed News'

BuzzFeed News to close and parent company to make substantial layoffs

Chief revenue officer and chief operating officer will depart as media company faces ongoing challenges.

BuzzFeed Moves to Close BuzzFeed News, Lays Off 15% of Staff

Buzzfeed Inc is in focus on Thursday after CEO Jonah Peretti revealed that the company is closing its news unit. Peretti also disclosed that the Nasdaq-listed firm has decided to lay off about 15% of its employees.

Buzzfeed is closing its news division

BuzzFeed Inc. BZFD, -21.85% said Thursday it was laying off about 15% of its workforce and winding down BuzzFeed News as a standalone company as founder and Chief Executive Jonah Peretti said the company has faced “more challenges than I can count in the past few years.” Chief Revenue Officer Edgar Hernandez and Chief Operating Officer Christian Baesler will leave, the company said.

BuzzFeed to lay off 15% of staff, shut down BuzzFeed News

"Moving forward, we will have a single news brand in HuffPost, which is profitable, with a loyal direct front page audience," CEO Jonah Peretti wrote.

BuzzFeed News shuts down as parent company lays off 15% of staffers

BuzzFeed News, which earned as reputation as a scrappy news-breaking digital rival to legacy media brands, is shutting down.

BuzzFeed News To Shut Down As Digital Media Company Cuts Workforce By 15%

BuzzFeed will lay off 15% of staff and will shut down its news unit, BuzzFeed CEO Jonah Peretti wrote in an email to staff Thursday.

BuzzFeed will lay off 15% of staff, shutter its news unit

Buzzfeed Inc. (NASDAQ: BZFD) posted an ugly fourth quarter, but its forecast for the first quarter of this year was much worse.

Buzzfeed May Need $50 Million

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NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (NASDAQ: BZFD), a premier digital media company for the most diverse, most online, and most socially engaged generations the world has ever seen, will release its first quarter 2023 financial results on Tuesday, May 9, 2023, after the market closes. BuzzFeed, Inc. Founder and CEO Jonah Peretti, President Marcela Martin and CFO Felicia DellaFortuna will host a conference call to discuss the results at 5:00 PM ET.

BuzzFeed, Inc. to Release First Quarter 2023 Financial Results on Tuesday, May 9, 2023

BuzzFeed saw a revenue decline YoY but has still grown over the last 2 years, albeit in a choppy fashion. While consistently unprofitable, its cash burn rate is not so bad and it isn't set to go out of business any time soon.

BuzzFeed: Oversold Beyond Its Prospects

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The digital publisher's stock lost a quarter of its value on Tuesday after the company projected a sharp revenue decline for the first quarter.

BuzzFeed Encourages Reporters to Write More Stories in Attempt to Turn Profit

The stock price of Buzzfeed Inc (NASDAQ: BZFD) fell by 10.16% after hours in the most recent trading session. This is why.

BZFD Stock: 10.16% Drop After Hours Explanation

BuzzFeed, Inc. (NASDAQ:BZFD ) Q4 2022 Results Conference Call March 13, 2023 5:00 PM ET Company Participants Amita Tomkoria - Senior Vice President of Investor Relations Jonah Peretti - Founder, Chairman and CEO Marcela Martin - President Felicia DellaFortuna - CFO Conference Call Participants John Blackledge - TD Cowen Jason Kreyer - Craig-Hallum Brent Navon - Bank of America Operator Hello, and welcome to the BuzzFeed, Inc. Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions].

BuzzFeed, Inc. (BZFD) Q4 2022 Earnings Call Transcript

SVB Financial Group

BuzzFeed Inc said on Monday that most of its cash and cash equivalents were held at Silicon Valley Bank , which was shut down last week.

BuzzFeed says most of cash and cash equivalents held at SVB

BuzzFeed Inc. BZFD shares dropped in the extended session Monday after the media company reported a revenue forecast that fell short of expectations and said the majority of its cash was held at Silicon Valley Bank. BuzzFeed shares fell as much as 9% after hours, following a 0.8% decline in the regular session to close at $1.28.

BuzzFeed stock drops on forecast; ‘majority' of cash at Silicon Valley Bank

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD), a premier digital media company for the most diverse, most online, and most socially engaged generations the world has ever seen, today announced financial results for the full year and fourth quarter ended December 31, 2022. “There's no denying that 2022 was a tough year for digital media.

BuzzFeed, Inc. Announces Fourth Quarter and Full Year 2022 Financial Results

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BuzzFeed was up over 200% in January, so a pullback in February isn't surprising. A big investor also cut its stake in BuzzFeed, alarming the market.

Why BuzzFeed Stock Plunged 33% Last Month

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Comcast Corp has cut its stake in BuzzFeed Inc by 8.5% since the end of January, cashing in on a rally in the shares of the digital media company on reports of a plan to partner with OpenAI, the artificial intelligence firm behind ChatGPT.

Comcast takes advantage of AI rally to sell more BuzzFeed shares

Comcast Corp. further pruned its stake in BuzzFeed Inc. in recent days, though to a smaller degree than with past stock sales.

Comcast further trims its BuzzFeed position amid AI frenzy

The digital media company is still seeing volatility in both directions with traders reacting to its recent artificial intelligence announcements.

Why BuzzFeed Stock Popped This Week

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