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

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.

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Carvana

Encore Wire

Vroom

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.

Why Is BuzzFeed (BZFD) Stock Up 40% Today?

British media group The Independent is in talks to take control of BuzzFeed and Huffington Post's operations in the UK and Ireland, the Financial Times reported on Thursday.

The Independent in talks to take control of BuzzFeed, HuffPost in UK - FT

Latest sale discussions signal further struggles of once-hot digital media companies.

Vice's Refinery29 and BuzzFeed's Tasty Are Up for Sale as Digital Media Contracts

BuzzFeed's Marcela Martin has announced her intention to resign as president effective Jan. 12 to pursue other opportunities, the digital media firm said on Friday.

BuzzFeed president Marcela Martin to resign

BuzzFeed, Inc. (NASDAQ:BZFD ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Amita Tomkoria - SVP of IR Jonah Peretti - Founder, Chairman & CEO Marcela Martin - President Felicia DellaFortuna - CFO Conference Call Participants Operator Good day, and thank you for standing by. Welcome to the BuzzFeed, Inc. Third Quarter 2023 Earnings Conference Call.

BuzzFeed, Inc. (BZFD) Q3 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--BuzzFeed Studios And Acast Launch New Podcast, “I Know That's Right” Presented By HuffPost.

BuzzFeed Studios And Acast Launch New Podcast, “I Know That's Right” Presented By HuffPost

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 third quarter ended September 30, 2023. “We've taken significant steps to combat the ongoing traffic and monetization challenges facing digital media companies. We continue to be laser-focused on driving traffic directly to our owned and o.

BuzzFeed, Inc. Announces Third Quarter 2023 Financial Results

Allbirds

Mullen Automotive

WeWork

WeWork (NASDAQ: WE) stock price plunged by more than 51% on Wednesday after reports said that the company was nearing bankruptcy. The shares have already plunged by over 90% this year, giving it a market cap of over $58 million.

As WeWork implodes, Allbirds, Mullen Automotive, BuzzFeed could be next

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) today announced that its Chief Financial Officer, (“CFO”) Felicia DellaFortuna, will be leaving the company before the end of November to pursue a new opportunity. Matt Omer, currently Executive Vice President of Finance and Treasurer, was appointed by the Company's Board of Directors as the next CFO and will succeed DellaFortuna on November 6, 2023. Omer has been at BuzzFeed since 2019, leading Finance and T.

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