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

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Earnings data Q3 2023

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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.

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Because an investor lockup ended, shares of BuzzFeed, the digital media company, dropped over 40%.

For BuzzFeed, Now Earnings Count

BuzzFeed's stock tanked on Monday. One analyst speculated it was due to lockup agreements expiring and "non-traditional" investors in the company.

BuzzFeed's stock plunged Monday, putting the company's market cap below the $315 million that AOL paid for HuffPost in 2011

5 Reasons BuzzFeed Stock Is Hitting New Lows on Tuesday

BuzzFeed, Inc. (NASDAQ:BZFD ) Q1 2022 Earnings Conference Call May 16, 2022 5:00 PM ET Company Participants Amita Tomkoria – Senior Vice President-Investor Relations Jonah Peretti – Founder and Chief Executive Officer Felicia DellaFortuna – Chief Financial Officer Conference Call Participants John Blackledge – Cowen Jason Kreyer – Craig-Hallum Brent Navon – Bank of America Operator Good afternoon and welcome to BuzzFeed Inc's First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

BuzzFeed Inc's (BZFD) CEO Jonah Peretti on Q1 2022 Results - Earnings Call Transcript

Digital media company BuzzFeed (NASDAQ: BZFD) reported first quarter financial results after market close Monday. Here are the key highlights for investors.

BuzzFeed Q1 Earnings Highlights: Revenue Miss, Time Spent By Users Declines, Guidance And More

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. Q1 Earnings Release

BuzzFeed, Inc. Announces First Quarter 2022 Financial Results

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. Names Marcela Martin As President

BuzzFeed, Inc. Names Marcela Martin as President

NEW YORK--(BUSINESS WIRE)--BUZZFEED, INC. ANNOUNCES SLATE OF NEW INITIATIVES FOR ADVERTISERS AT FIRST-EVER UPFRONT EVENT

BuzzFeed, Inc. Announces Slate of New Initiatives for Advertisers at First-Ever Upfront Event

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. to Present at Upcoming Investor Conferences

BuzzFeed, Inc. to Present at Upcoming Investor Conferences

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. to Release First Quarter 2022 Financial Results on Monday, May 16, 2022

BuzzFeed, Inc. to Release First Quarter 2022 Financial Results on Monday, May 16, 2022

The BuzzFeed News app has sent its final notification.

BuzzFeed News app shuts down

The union representing journalists in BuzzFeed's news division have overwhelmingly voted to strike just days after three of the site's top editors resigned — with buyouts and layoffs likely at the money-losing operation. “Today, our unit came together and voted overwhelmingly to authorize a strike,” read a Twitter post by the BuzzFeed News Union.

BuzzFeed News union votes to strike as job cuts loom

OAKLAND, Calif.--(BUSINESS WIRE)--Shares of BuzzFeed Inc. dropped 6.8% on March 23, 2022, after the company released its first earnings report since going public that announced staff cuts and an expected decline in revenue. Previously, 77 former and current employees accused the company of botching its debut and failing to properly instruct its workers on how to trade their shares immediately after the company went public in December of 2021. Gibbs Law Group is investigating a potential BuzzFee

Lost Money in BuzzFeed Inc.?

BuzzFeed has announced another round of job cuts in its rapidly shrinking newsroom in response to calls from its owners to reduce costs. Editor-in-chief  Mark Schoofs and Tom Namako, his deputy, are among those leaving with voluntary redundancy being offered to encourage more departures.

More job cuts and departures at BuzzFeed's news division; top editors leave

The Buzzfeed (NASDAQ: BZFD) stock price is crawling back after it crashed to an all-time low. It rose by over 6% on Tuesday and by 4.3% in extended hours after it published its quarterly results.

Buzzfeed share price crawls back after earnings. Is it a good buy?

BuzzFeed said it was laying off about 1.7% of its total workforce and offering voluntary buyouts in its news division.

Buzzfeed shares jump over 6% amid news of journalist job cuts

On Tuesday, BuzzFeed announced layoffs affecting 1.7% of its workforce and calls for voluntary buyouts in its news division.

BuzzFeed shareholders urged the company's CEO to shut down its money-losing, award-winning news division: report

BuzzFeed is reorienting and shrinking its news division as the digital media company best known for its lighthearted quizzes strives to increase its profitability.

BuzzFeed cutting jobs, top editors leaving news division

BuzzFeed, Inc. (BZFD) CEO Jonah Peretti on Q4 2021 Results - Earnings Call Transcript

BuzzFeed's news organization has about 100 employees and loses roughly $10 million a year, according to people familiar with the matter.

BuzzFeed investors have pushed CEO Jonah Peretti to shut down entire newsroom, sources say

BuzzFeed Inc. BZFD, +3.13% said it expected revenue to decline in the current quarter, and it is reducing its workforce by 1.7%, as the digital-media business issued its first earnings report as a publicly-traded company.

The Wall Street Journal: BuzzFeed News Editor in Chief to step down as company makes staff cuts

The editor-in-chief of BuzzFeed News and two of his top deputies have reportedly resigned in the latest sign of turmoil at the cash-strapped company.

Top BuzzFeed editors quit as CEO ‘pressured to close entire news division'

Meta's core Facebook app has been pressured to keep up with competitors, including its own Instagram and the fast-growing TikTok.

BuzzFeed says people are spending less time on Facebook

Jonah Peretti, founder and CEO of digital publisher BuzzFeed announced plans to downsize its news business amid the departure of several editors. Companywide workforce reductions at the digital publisher, which went public last year via a SPAC deal, will impact about 1.7% of its total workforce including small cuts at both BuzzFeed Video and Complex...

BuzzFeed Scaling Back In News As Several Editors Depart, Some Layoffs Planned

Mark Schoofs, the site's editor in chief, is among the departures. The company's chief executive said BuzzFeed News would need to “prioritize the areas of coverage our audience connects with the most.

News for Buzzfeed Stock (BZFD)