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

Battered BuzzFeed shares rally after report of multi-million dollar Meta deal

Buzzfeed (NASDAQ: BZFD ) shares jumped overnight on news of a content partnership with Meta Platforms (NASDAQ: META ). BZFD stock was trading at $1.35 per share pre-market on Jan. 26, while META stock was up slightly at $143.11.

Why Is BuzzFeed (NASDAQ:BZFD) Stock Up 35% Today?

Facebook parent Meta Platforms Inc. is paying BuzzFeed Inc. millions of dollars as part of an effort to bring more creators to the social-media giant's platforms, according to people familiar with the situation.

Meta pays Buzzfeed nearly $10 million to generate content for Facebook, Instagram

The partnership marks latest iteration of yearslong relationship between digital publisher and social-media giant.

Meta Pays BuzzFeed Millions to Generate Creator Content for Facebook and Instagram

After Buzzfeed Inc. (NASDAQ: BZFD) laid off 12% of its staff and reaffirmed its fourth-quarter guidance, shares of the online media company dropped to $0.95.

BuzzFeed Becomes a Penny Stock

AST SpaceMobile

TechTarget Inc

The most oversold stocks in the communication services sector present an opportunity to buy into undervalued companies.

TechTarget, AST SpaceMobile Are Among Oversold Communication Services Stocks: Are They Worth A Look? - BuzzFeed (NASDAQ:BZFD), AST SpaceMobile (NASDAQ:ASTS)

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 has reaffirmed its fourth quarter 2022 financial outlook following yesterday's announcement of a cost restructuring plan.

BuzzFeed, Inc. Reaffirms Fourth Quarter 2022 Financial Outlook for Revenue and Adjusted EBITDA Following Yesterday's Cost Restructuring Announcement

Digital media company BuzzFeed is cutting 12% of its workforce, citing worsening economic conditions.

BuzzFeed cuts 12% of staff citing worsening econ conditions

One of the hardest-hit companies this year, BuzzFeed (NASDAQ: BZFD ) continues to hover around its all-time lows. With significant pressure on the company, it's perhaps unsurprising to know Buzzfeed layoffs are now taking place.

Buzzfeed Layoffs 2022: What to Know About the Latest BZFD Job Cuts

BuzzFeed on Tuesday announced plans to cut its workforce by nearly 12%, or around 180 staffers.

BuzzFeed to cut 12% of its workforce

BuzzFeed on Tuesday said it would lay off approximately 12% of its staff, making the digital news and entertainment conglomerate the latest media company to make painful cuts amid a deteriorating economic climate.

BuzzFeed slashes 12% of its workforce, citing 'worsening macroeconomic conditions'

Forbes is tracking the biggest layoffs in the U.S. this year as companies react to fears of a looming recession.

2022 Major Layoffs Grow: Morgan Stanley And BuzzFeed Reportedly Cut Jobs

CEO Jonah Peretti said he expected the economic downturn to extend well into 2023.

BuzzFeed cutting 12% of workforce as CEO warns of downturn

The company blames worsening economic conditions and challenges in the digital-media business.

BuzzFeed Plans to Cut 12% of Workforce

BuzzFeed Inc. BZFD, -3.51% on Tuesday said it planned to cut roughly 12% of its staff, citing a shift to video content and the prospect of a downturn that could extend "well into 2023," Chief Executive Jonah Peretti said in a message to employees.

BuzzFeed to cut 12% of staff, citing possible downturn that could extend 'well into 2023'

Digital media company BuzzFeed said it's reducing its workforce by 12% in order to weather the economic downturn that it expects will continue into next year.

BuzzFeed laying off 12% of workforce to cut costs amid 'challenging macroeconomic conditions'

BuzzFeed announced that it was cutting the size of its workforce by 12%, the latest media company to go through layoffs amid worsening economic conditions. In a filing with the SEC, the company cited “challenging macroeconomic conditions,” the completion of its acquisition of Complex Media Inc.

BuzzFeed Announces 12% Reduction Of Workforce

BuzzFeed, Inc. (NASDAQ:BZFD ) Q3 2022 Results Conference Call November 14, 2022 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 Jason Kreyer - Craig-Hallum James Kopelman - Cowen and Company Brent Navon - Bank of America Operator Good afternoon, and welcome to the BuzzFeed Inc Third Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

BuzzFeed, Inc. (BZFD) Q3 2022 Earnings Call Transcript

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 quarter ended September 30, 2022.

BuzzFeed, Inc. Announces Third Quarter 2022 Financial Results

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 third quarter 2022 financial results on Monday, November 14, 2022, 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. The call will be available via webca

BuzzFeed, Inc. to Release Third Quarter 2022 Financial Results on Monday, November 14, 2022

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (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 that its Founder and CEO Jonah Peretti, President Marcela Martin, and CFO Felicia DellaFortuna will present virtually at the upcoming Sidoti Small-Cap Virtual Investor Conference on Thursday, September 22, at approximately 1:45 PM ET. The company will also host virtual one-on-on

BuzzFeed, Inc. to Participate in Sidoti Small-Cap Virtual Investor Conference

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (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 that its Founder and CEO Jonah Peretti, President Marcela Martin, and CFO Felicia DellaFortuna will participate in the upcoming BofA Securities 2022 Media, Communications and Entertainment Conference. The company will host meetings at this event, in addition to a fireside chat o

BuzzFeed, Inc. to Participate in BofA Securities 2022 Media, Communications and Entertainment Conference

BuzzFeed's stock price has declined 84% in just nine months. Since coming into the spotlight between 2011 and 2015, BuzzFeed has steadily lost relevance over time.

BuzzFeed Has Lost Its Buzz

BuzzFeed, Inc. (NASDAQ:BZFD ) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET Company Participants Amita Tomkoria - Senior Vice President-Investor Relations Jonah Perett - Founder and Chief Executive Officer Felicia DellaFortuna - Chief Financial Officer Marcela Martin - President Conference Call Participants Brent Navon - Bank of America Jason Kreyer - Craig-Hallum John Blackledge - Cowen Operator Good afternoon, and welcome to the BuzzFeed Inc. Second Quarter 2022 Earnings Conference Call. [Operator Instructions].

BuzzFeed, Inc. (BZFD) CEO Jonah Perett on Q2 2022 Results - Earnings Call Transcript

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 quarter ended June 30, 2022. “I'm incredibly proud of what BuzzFeed, Inc. accomplished in the second quarter,” said Jonah Peretti, BuzzFeed Founder & CEO. “Our teams demonstrated focus and resiliency during a rapid shift to short-form

News for Buzzfeed Stock (BZFD)