BuzzFeed Key Executives
This section highlights BuzzFeed's key executives, including their titles and compensation details.
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BuzzFeed Earnings
This section highlights BuzzFeed's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-03-13 | $0.36 | $-0.10 |
| Read Transcript | Q3 | 2024 | 2024-11-13 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-12 | $-0.44 | $-0.18 |
| Read Transcript | Q1 | 2024 | 2024-05-13 | $-0.76 | $-0.72 |
| Read Transcript | Q4 | 2023 | 2024-03-25 | $0.24 | $0.12 |
| Read Transcript | Q3 | 2023 | 2023-11-05 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-12 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-13 | N/A | N/A |
Financial Statements
Access annual & quarterly financial statements for BuzzFeed, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $189.89M | $252.68M | $436.67M | $397.56M | $321.32M |
| Cost of Revenue | $105.06M | $142.37M | $261.81M | $207.40M | $140.29M |
| Gross Profit | $84.82M | $110.31M | $174.86M | $190.17M | $181.03M |
| Gross Profit Ratio | 44.67% | 43.66% | 40.04% | 47.83% | 56.34% |
| Research and Development Expenses | $10.86M | $11.18M | $30.60M | $24.93M | $17.67M |
| General and Administrative Expenses | $58.63M | $78.03M | $117.73M | $112.55M | $83.06M |
| Selling and Marketing Expenses | $19.73M | $38.99M | $71.26M | $54.98M | $50.68M |
| Selling General and Administrative Expenses | $78.36M | $117.02M | $189.00M | $167.53M | $133.74M |
| Other Expenses | $19.15M | $21.94M | $35.07M | $22.86M | $17.49M |
| Operating Expenses | $108.36M | $150.13M | $254.67M | $215.32M | $168.90M |
| Cost and Expenses | $213.42M | $292.50M | $516.48M | $422.72M | $309.19M |
| Interest Income | $- | $- | $21.16M | $321.00K | $173.00K |
| Interest Expense | $6.78M | $16.09M | $21.16M | $2.88M | $923.00K |
| Depreciation and Amortization | $19.15M | $21.94M | $24.26M | $22.86M | $17.49M |
| EBITDA | $-7.37M | $-20.70M | $-97.93M | $25.54M | $30.68M |
| EBITDA Ratio | -3.88% | -8.19% | -22.43% | 6.42% | 9.55% |
| Operating Income | $-23.54M | $-39.82M | $-79.81M | $-25.15M | $12.14M |
| Operating Income Ratio | -12.39% | -15.76% | -18.28% | -6.33% | 3.78% |
| Total Other Income Expenses Net | $-9.76M | $-18.91M | $-139.62M | $24.63M | $-41.00K |
| Income Before Tax | $-33.29M | $-58.73M | $-199.30M | $-528.00K | $12.10M |
| Income Before Tax Ratio | -17.53% | -23.24% | -45.64% | -0.13% | 3.76% |
| Income Tax Expense | $662.00K | $1.60M | $2.03M | $-26.40M | $941.00K |
| Net Income | $-10.10M | $-88.58M | $-201.33M | $24.71M | $10.34M |
| Net Income Ratio | -5.32% | -35.06% | -46.10% | 6.22% | 3.22% |
| EPS | $-0.27 | $-2.48 | $-5.83 | $0.73 | $3.45 |
| EPS Diluted | $-0.27 | $-2.48 | $-5.83 | $-0.03 | $3.45 |
| Weighted Average Shares Outstanding | 37.39M | 35.77M | 34.54M | 28.00M | 11.94M |
| Weighted Average Shares Outstanding Diluted | 37.39M | 35.77M | 34.54M | 28.00M | 11.94M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $56.20M | $64.32M | $46.93M | $44.76M | $75.66M | $73.30M | $77.90M | $67.15M | $134.62M | $103.73M | $106.76M | $91.56M | $145.72M | $90.10M | $89.10M | $72.65M | $123.03M | $75.24M | $59.18M | $63.88M |
| Cost of Revenue | $27.91M | $33.70M | $25.00M | $35.74M | $39.84M | $39.84M | $50.51M | $47.34M | $78.48M | $60.99M | $61.53M | $60.82M | $71.49M | $48.84M | $44.94M | $42.12M | $46.59M | $33.39M | $27.85M | $32.46M |
| Gross Profit | $28.28M | $30.62M | $21.93M | $9.01M | $35.82M | $33.46M | $27.39M | $19.81M | $56.14M | $42.74M | $45.23M | $30.74M | $74.22M | $41.26M | $44.16M | $30.52M | $76.44M | $41.85M | $31.32M | $31.42M |
| Gross Profit Ratio | 50.32% | 47.61% | 46.73% | 20.13% | 47.35% | 45.65% | 35.17% | 29.50% | 41.70% | 41.21% | 42.37% | 33.57% | 50.94% | 45.79% | 49.56% | 42.02% | 62.13% | 55.62% | 52.93% | 49.18% |
| Research and Development Expenses | $2.32M | $2.58M | $2.72M | $3.23M | $2.26M | $2.81M | $3.96M | $3.82M | $7.25M | $5.90M | $10.25M | $7.19M | $5.64M | $5.69M | $6.90M | $6.70M | $4.58M | $5.08M | $4.02M | $3.98M |
| General and Administrative Expenses | $13.63M | $14.70M | $14.05M | $16.25M | $15.59M | $19.08M | $21.36M | $22.00M | $25.35M | $27.25M | $32.56M | $32.56M | $47.28M | $19.83M | $21.74M | $23.70M | $21.76M | $22.30M | $17.95M | $19.38M |
| Selling and Marketing Expenses | $3.78M | $4.75M | $4.51M | $9.14M | $-747.00K | $10.30M | $14.13M | $15.30M | $18.45M | $16.32M | $18.69M | $17.80M | $20.81M | $11.22M | $11.57M | $11.38M | $11.62M | $11.99M | $11.10M | $15.97M |
| Selling General and Administrative Expenses | $17.41M | $19.45M | $18.56M | $23.69M | $25.01M | $29.38M | $35.49M | $37.30M | $43.81M | $43.57M | $51.25M | $50.37M | $68.09M | $31.05M | $33.32M | $35.08M | $33.37M | $34.30M | $29.05M | $37.01M |
| Other Expenses | $4.60M | $5.01M | $4.86M | $-375.00K | $-220.00K | $-1.31M | $-3.67M | $8.40M | $8.78M | $9.20M | $-3.44M | $8.48M | $-1.60M | $-2.44M | $-218.00K | $660.00K | $244.00K | $-258.00K | $502.00K | $- |
| Operating Expenses | $24.33M | $27.04M | $21.28M | $26.92M | $27.27M | $40.26M | $47.48M | $49.53M | $59.84M | $58.67M | $70.12M | $66.04M | $81.56M | $42.14M | $44.57M | $47.05M | $41.94M | $43.74M | $37.80M | $45.30M |
| Cost and Expenses | $52.25M | $60.74M | $51.15M | $62.67M | $67.11M | $80.10M | $97.99M | $96.87M | $138.32M | $119.66M | $131.65M | $126.86M | $153.05M | $90.98M | $89.52M | $89.17M | $88.53M | $77.13M | $65.66M | $77.76M |
| Interest Income | $- | $- | $- | $- | $- | $5.90M | $5.63M | $5.42M | $6.16M | $5.17M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $61.00K |
| Interest Expense | $- | $4.03M | $3.98M | $4.48M | $- | $5.90M | $5.63M | $5.42M | $6.16M | $5.17M | $5.03M | $4.79M | $1.75M | $- | $- | $278.00K | $- | $- | $- | $- |
| Depreciation and Amortization | $3.39M | $5.01M | $4.86M | $5.88M | $5.54M | $13.36M | $13.17M | $13.44M | $13.69M | $14.43M | $13.65M | $13.17M | $7.83M | $5.41M | $4.36M | $5.27M | $3.98M | $4.36M | $4.73M | $2.02M |
| EBITDA | $-4.93M | $10.90M | $2.19M | $-15.53M | $14.78M | $5.38M | $-9.07M | $-17.26M | $-87.34M | $-6.50M | $-3.10M | $-26.26M | $490.00K | $-526.95K | $4.10M | $-10.65M | $36.48M | $2.47M | $-1.75M | $-11.98M |
| EBITDA Ratio | -8.77% | 16.95% | 4.66% | -34.69% | 19.53% | 7.34% | -11.65% | -25.70% | -64.88% | -6.27% | -2.91% | -28.68% | 0.34% | -0.58% | 4.60% | -14.67% | 29.65% | 3.29% | -2.96% | -18.75% |
| Operating Income | $3.95M | $3.58M | $-4.21M | $-17.91M | $8.55M | $-6.80M | $-20.09M | $-29.72M | $-1.44M | $-15.93M | $-24.89M | $-35.30M | $-7.34M | $-881.00K | $-413.00K | $-16.52M | $34.50M | $-1.88M | $-6.48M | $-14.00M |
| Operating Income Ratio | 7.03% | 5.56% | -8.98% | -40.02% | 11.30% | -9.28% | -25.79% | -44.25% | -1.07% | -15.35% | -23.31% | -38.55% | -5.04% | -0.98% | -0.46% | -22.74% | 28.04% | -2.50% | -10.95% | -21.92% |
| Total Other Income Expenses Net | $-6.55M | $-1.72M | $-2.44M | $-5.07M | $-11.81M | $-7.08M | $-7.79M | $-6.40M | $-1.16M | $-8.02M | $3.10M | $-8.92M | $27.52M | $-3.05M | $-218.00K | $-3.22M | $-467.00K | $-258.00K | $502.00K | $182.00K |
| Income Before Tax | $-2.61M | $1.86M | $-6.66M | $-25.89M | $4.97M | $-13.88M | $-27.87M | $-36.11M | $-107.20M | $-26.10M | $-21.79M | $-44.22M | $20.18M | $-3.94M | $-631.00K | $-16.14M | $34.03M | $-2.14M | $-5.98M | $-13.82M |
| Income Before Tax Ratio | -4.64% | 2.89% | -14.19% | -57.84% | 6.57% | -18.93% | -35.78% | -53.78% | -79.63% | -25.16% | -20.41% | -48.29% | 13.85% | -4.37% | -0.71% | -22.22% | 27.66% | -2.85% | -10.10% | -21.63% |
| Income Tax Expense | $266.00K | $-110.00K | $-176.00K | $682.00K | $1.44M | $55.00K | $-37.00K | $147.00K | $-1.01M | $890.00K | $1.80M | $350.00K | $-21.39M | $-353.00K | $158.00K | $-4.82M | $1.74M | $-12.00K | $-209.00K | $576.00K |
| Net Income | $31.03M | $2.09M | $-7.49M | $-35.73M | $-11.02M | $-13.72M | $-27.84M | $-36.26M | $-106.19M | $-26.99M | $-23.77M | $-44.57M | $40.45M | $-3.79M | $-582.00K | $-11.37M | $32.24M | $-2.19M | $-6.09M | $-13.62M |
| Net Income Ratio | 55.22% | 3.25% | -15.95% | -79.83% | -14.56% | -18.72% | -35.73% | -54.00% | -78.88% | -26.02% | -22.26% | -48.68% | 27.76% | -4.20% | -0.65% | -15.65% | 26.21% | -2.91% | -10.30% | -21.33% |
| EPS | $0.81 | $0.06 | $-0.20 | $-0.98 | $-0.31 | $-0.38 | $-0.78 | $-1.03 | $-3.04 | $-0.78 | $-0.17 | $-1.31 | $0.04 | $-0.11 | $-0.03 | $-0.75 | $0.56 | $-0.06 | $-0.16 | $-0.35 |
| EPS Diluted | $0.81 | $0.06 | $-0.20 | $-0.98 | $-0.31 | $-0.38 | $-0.78 | $-1.03 | $-3.04 | $-0.78 | $-0.17 | $-1.31 | $0.04 | $-0.11 | $-0.03 | $-0.75 | $0.56 | $-0.06 | $-0.16 | $-0.35 |
| Weighted Average Shares Outstanding | 38.20M | 37.18M | 37.01M | 36.58M | 36.12M | 36.26M | 35.49M | 35.18M | 34.95M | 34.73M | 137.38M | 34.11M | 33.76M | 33.29M | 18.55M | 15.16M | 39.15M | 39.04M | 38.98M | 38.97M |
| Weighted Average Shares Outstanding Diluted | 38.20M | 37.18M | 37.01M | 36.58M | 36.12M | 36.26M | 35.49M | 35.18M | 34.95M | 34.73M | 137.38M | 34.11M | 33.76M | 33.29M | 18.55M | 15.19M | 39.15M | 39.04M | 38.98M | 38.97M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $38.65M | $35.64M | $55.77M | $79.73M | $90.63M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $38.65M | $35.64M | $55.77M | $79.73M | $90.63M |
| Net Receivables | $48.94M | $75.69M | $116.46M | $142.91M | $106.25M |
| Inventory | $- | $- | $1 | $1 | $11.64M |
| Other Current Assets | $13.29M | $21.46M | $26.37M | $58.03M | $6.82K |
| Total Current Assets | $100.89M | $132.79M | $198.61M | $251.66M | $208.52M |
| Property Plant Equipment Net | $34.76M | $58.57M | $84.36M | $23.05M | $25.55M |
| Goodwill | $43.30M | $57.56M | $91.63M | $194.88M | $- |
| Intangible Assets | $11.75M | $48.96M | $140.59M | $153.07M | $16.56M |
| Goodwill and Intangible Assets | $55.05M | $106.52M | $232.22M | $347.95M | $16.56M |
| Long Term Investments | $- | $800.00K | $3.60M | $2.30M | $17.80M |
| Tax Assets | $- | $25.93M | $56.12M | $-2.30M | $-17.80M |
| Other Non-Current Assets | $30.70M | $139.53M | $-44.93M | $14.55M | $28.57M |
| Total Non-Current Assets | $120.51M | $305.42M | $331.37M | $385.56M | $70.67M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $221.40M | $438.20M | $529.97M | $637.21M | $279.19M |
| Account Payables | $14.25M | $46.38M | $29.33M | $16.02M | $8.41M |
| Short Term Debt | $25.52M | $146.64M | $46.80M | $- | $- |
| Tax Payables | $- | $- | $- | $- | $450 |
| Deferred Revenue | $555.00K | $1.90M | $8.84M | $1.68M | $2.43M |
| Other Current Liabilities | $56.51M | $32.89M | $37.91M | $76.44M | $46.38M |
| Total Current Liabilities | $96.84M | $227.79M | $122.87M | $94.15M | $57.23M |
| Long Term Debt | $- | $71.66M | $211.57M | $141.88M | $20.40M |
| Deferred Revenue Non-Current | $- | $- | $-52.92M | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $26.76M | $52.92M | $- | $- |
| Other Non-Current Liabilities | $17.62M | $809.00K | $978.00K | $26.31M | $515.37M |
| Total Non-Current Liabilities | $17.62M | $99.23M | $212.55M | $170.48M | $535.77M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $114.46M | $327.02M | $335.42M | $264.63M | $593.00M |
| Preferred Stock | $- | $- | $- | $- | $494.84M |
| Common Stock | $4.00K | $15.00K | $15.00K | $13.00K | $4.00K |
| Retained Earnings | $-621.86M | $-611.77M | $-523.06M | $-322.11M | $-346.82M |
| Accumulated Other Comprehensive Income Loss | $-3.73M | $-2.50M | $-1.97M | $-3.23M | $-3.36M |
| Other Total Stockholders Equity | $730.37M | $723.08M | $716.23M | $695.87M | $-144.65M |
| Total Stockholders Equity | $104.77M | $108.83M | $191.22M | $370.54M | $-313.80M |
| Total Equity | $106.94M | $111.18M | $194.55M | $372.59M | $-312.95M |
| Total Liabilities and Stockholders Equity | $221.40M | $438.20M | $529.97M | $637.21M | $279.19M |
| Minority Interest | $2.17M | $2.35M | $3.34M | $2.04M | $848.00K |
| Total Liabilities and Total Equity | $221.40M | $438.20M | $529.97M | $637.21M | $279.19M |
| Total Investments | $- | $800.00K | $3.60M | $2.30M | $17.80M |
| Total Debt | $62.74M | $218.29M | $234.97M | $141.88M | $20.40M |
| Net Debt | $24.09M | $182.66M | $179.19M | $62.15M | $-70.23M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $38.65M | $53.72M | $45.46M | $61.51M | $35.64M | $42.47M | $41.30M | $49.95M | $55.77M | $59.14M | $68.19M | $74.54M | $79.73M | $145.60M | $154.81M | $639.12K | $90.63M | $-58.52M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $117.05M |
| Cash and Short Term Investments | $38.65M | $53.72M | $45.46M | $61.51M | $35.64M | $42.47M | $41.30M | $49.95M | $55.77M | $59.14M | $68.19M | $74.54M | $79.73M | $145.60M | $154.81M | $639.12K | $90.63M | $58.52M |
| Net Receivables | $48.94M | $49.62M | $46.95M | $50.98M | $75.69M | $60.82M | $70.86M | $72.36M | $116.46M | $90.06M | $89.78M | $98.09M | $142.91M | $77.35M | $76.44M | $- | $106.25M | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $1 | $- | $11.80M | $- | $1 | $- | $- | $1 | $1 | $- |
| Other Current Assets | $13.29M | $17.57M | $19.26M | $37.47M | $21.46M | $24.32M | $22.24M | $24.27M | $26.37M | $33.46M | $31.52M | $53.54M | $58.03M | $23.85M | $18.24M | $810.72K | $11.64M | $- |
| Total Current Assets | $100.89M | $120.92M | $111.67M | $132.91M | $132.79M | $127.61M | $134.39M | $146.58M | $198.61M | $182.65M | $189.49M | $199.40M | $251.66M | $246.80M | $249.49M | $1.45M | $208.52M | $58.52M |
| Property Plant Equipment Net | $34.76M | $40.98M | $46.84M | $52.75M | $58.57M | $64.58M | $71.43M | $78.06M | $84.36M | $80.75M | $89.20M | $96.17M | $23.05M | $22.88M | $23.49M | $24.81M | $25.55M | $- |
| Goodwill | $43.30M | $57.56M | $57.56M | $57.56M | $57.56M | $91.63M | $91.63M | $91.63M | $91.63M | $194.08M | $194.56M | $194.05M | $194.88M | $5.93M | $5.93M | $5.93M | $- | $- |
| Intangible Assets | $11.75M | $24.53M | $47.82M | $47.94M | $48.96M | $132.05M | $135.25M | $137.88M | $140.59M | $144.42M | $147.66M | $150.62M | $153.07M | $35.73M | $35.82M | $36.01M | $16.56M | $- |
| Goodwill and Intangible Assets | $55.05M | $82.09M | $105.38M | $105.50M | $106.52M | $223.68M | $226.88M | $229.51M | $232.22M | $338.50M | $342.21M | $344.67M | $347.95M | $41.65M | $41.74M | $41.93M | $16.56M | $- |
| Long Term Investments | $- | $- | $800.00K | $800.00K | $800.00K | $800.00K | $- | $3.60M | $3.60M | $3.60M | $3.60M | $3.60M | $2.30M | $287.51M | $287.51M | $287.50M | $2.30M | $- |
| Tax Assets | $- | $- | $- | $22.14M | $26.73M | $-800.00K | $- | $-3.60M | $56.12M | $-3.60M | $- | $-3.60M | $-2.30M | $-287.51M | $-287.51M | $- | $-2.30M | $- |
| Other Non-Current Assets | $30.70M | $32.55M | $8.16M | $-15.08M | $112.80M | $15.34M | $13.72M | $15.14M | $-44.93M | $16.08M | $-435.01M | $15.54M | $14.55M | $18.51M | $15.29M | $-66.74M | $28.57M | $- |
| Total Non-Current Assets | $120.51M | $155.62M | $161.18M | $166.12M | $305.42M | $303.60M | $312.03M | $322.71M | $331.37M | $435.32M | $447.77M | $456.38M | $385.56M | $83.03M | $80.53M | $287.50M | $70.67M | $- |
| Other Assets | $- | $- | $1 | $1 | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $221.40M | $276.54M | $272.85M | $299.04M | $438.20M | $431.21M | $446.42M | $469.29M | $529.97M | $617.98M | $637.26M | $655.77M | $637.21M | $329.83M | $330.02M | $288.95M | $279.19M | $- |
| Account Payables | $14.25M | $15.01M | $16.56M | $22.54M | $46.38M | $41.61M | $37.29M | $27.20M | $29.33M | $22.90M | $15.96M | $14.67M | $16.02M | $12.59M | $10.91M | $- | $8.41M | $- |
| Short Term Debt | $25.52M | $125.73M | $148.13M | $145.39M | $168.29M | $42.62M | $44.03M | $45.33M | $46.80M | $51.12M | $49.73M | $48.52M | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $149.59K | $99.18K | $49.31K | $450 | $- |
| Deferred Revenue | $555.00K | $1.31M | $1.02M | $2.40M | $1.90M | $8.27M | $6.36M | $6.45M | $8.84M | $5.05M | $2.95M | $3.14M | $1.68M | $1.50M | $2.12M | $- | $2.43M | $- |
| Other Current Liabilities | $56.51M | $38.29M | $10.28M | $19.41M | $11.23M | $15.30M | $19.00M | $22.80M | $37.91M | $31.25M | $31.83M | $28.97M | $76.44M | $49.35M | $47.90M | $1.22M | $46.38M | $- |
| Total Current Liabilities | $96.84M | $180.34M | $176.00M | $189.74M | $227.79M | $107.80M | $106.69M | $101.77M | $122.87M | $110.33M | $100.48M | $95.30M | $94.15M | $63.59M | $61.03M | $1.26M | $57.23M | $- |
| Long Term Debt | $- | $20.36M | $25.71M | $31.86M | $71.66M | $200.49M | $205.01M | $206.55M | $211.57M | $203.23M | $208.84M | $209.21M | $141.88M | $19.50M | $19.56M | $- | $20.40M | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $37.82M | $- | $- | $- | $-52.92M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $26.76M | $- | $- | $- | $52.92M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $17.62M | $1.77M | $1.83M | $1.60M | $809.00K | $964.00K | $1.09M | $2.60M | $978.00K | $6.71M | $6.86M | $19.22M | $26.31M | $513.82M | $514.41M | $8.76M | $515.37M | $- |
| Total Non-Current Liabilities | $17.62M | $22.13M | $27.54M | $33.46M | $99.23M | $201.45M | $206.11M | $209.15M | $212.55M | $209.94M | $215.70M | $228.42M | $170.48M | $533.33M | $533.97M | $8.76M | $535.77M | $- |
| Other Liabilities | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $114.46M | $202.47M | $203.54M | $223.20M | $327.02M | $309.25M | $312.79M | $310.93M | $335.42M | $320.26M | $316.18M | $323.72M | $264.63M | $596.92M | $595.00M | $10.02M | $593.00M | $- |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $2.38M | $- | $- | $494.84M | $269.63M | $273.93M | $494.84M | $494.84M |
| Common Stock | $4.00K | $4.00K | $4.00K | $4.00K | $15.00K | $15.00K | $15.00K | $15.00K | $15.00K | $15.00K | $14.00K | $14.00K | $13.00K | $6.00K | $6.00K | $932 | $4.00K | $- |
| Retained Earnings | $-621.86M | $-652.89M | $-654.98M | $-647.50M | $-611.77M | $-600.75M | $-587.03M | $-559.19M | $-523.06M | $-417.62M | $-390.76M | $-367.00M | $-322.11M | $-362.55M | $-358.77M | $1.03M | $-346.82M | $- |
| Accumulated Other Comprehensive Income Loss | $-3.73M | $-3.95M | $-3.23M | $-2.68M | $-2.50M | $-1.78M | $-2.37M | $-2.67M | $-1.97M | $-2.12M | $-2.38M | $-3.34M | $-3.23M | $-3.10M | $-3.58M | $-932 | $-3.36M | $- |
| Other Total Stockholders Equity | $730.37M | $728.52M | $725.39M | $723.87M | $723.08M | $721.98M | $720.23M | $717.19M | $716.23M | $713.42M | $709.82M | $700.17M | $695.87M | $352.36M | $367.34M | $3.97M | $531.21M | $-323.34M |
| Total Stockholders Equity | $104.77M | $71.68M | $67.18M | $73.70M | $108.83M | $119.47M | $130.85M | $155.35M | $191.22M | $293.69M | $316.69M | $329.85M | $370.54M | $-268.78M | $-266.28M | $278.93M | $-313.80M | $171.49M |
| Total Equity | $106.94M | $74.07M | $69.32M | $75.84M | $111.18M | $121.95M | $133.63M | $158.37M | $194.55M | $297.71M | $321.09M | $332.05M | $372.59M | $-267.08M | $-264.98M | $281.95M | $-312.95M | $171.49M |
| Total Liabilities and Stockholders Equity | $221.40M | $276.54M | $272.85M | $299.04M | $438.20M | $431.21M | $446.42M | $469.29M | $529.97M | $617.98M | $637.26M | $655.77M | $637.21M | $329.83M | $330.02M | $288.95M | $279.19M | $- |
| Minority Interest | $2.17M | $2.39M | $2.14M | $2.14M | $2.35M | $2.48M | $2.78M | $3.02M | $3.34M | $4.03M | $4.40M | $2.21M | $2.04M | $1.70M | $1.30M | $3.01M | $848.00K | $- |
| Total Liabilities and Total Equity | $221.40M | $276.54M | $272.85M | $299.04M | $438.20M | $431.21M | $446.42M | $469.29M | $529.97M | $617.98M | $637.26M | $655.77M | $637.21M | $329.83M | $330.02M | $288.95M | $279.19M | $- |
| Total Investments | $- | $- | $800.00K | $800.00K | $800.00K | $800.00K | $- | $3.60M | $3.60M | $3.60M | $3.60M | $3.60M | $2.30M | $287.51M | $287.51M | $287.50M | $2.30M | $117.05M |
| Total Debt | $62.74M | $146.09M | $150.52M | $154.77M | $218.29M | $221.80M | $227.03M | $229.22M | $234.97M | $228.79M | $233.71M | $233.46M | $141.88M | $19.50M | $19.56M | $- | $20.40M | $- |
| Net Debt | $24.09M | $92.37M | $105.06M | $93.26M | $182.66M | $179.33M | $185.74M | $179.27M | $179.19M | $169.66M | $165.52M | $158.92M | $62.15M | $-126.09M | $-135.25M | $-639.12K | $-70.23M | $58.52M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $-9.93M | $-60.33M | $-201.33M | $25.88M | $11.16M |
| Depreciation and Amortization | $19.15M | $21.94M | $35.07M | $22.86M | $17.49M |
| Deferred Income Tax | $-304.00K | $3.24M | $-1.59M | $-28.09M | $112.00K |
| Stock Based Compensation | $5.53M | $5.58M | $19.17M | $23.57M | $1.19M |
| Change in Working Capital | $-19.18M | $3.72M | $13.46M | $-16.80M | $-1.15M |
| Accounts Receivables | $25.82M | $40.74M | $23.94M | $-12.95M | $-7.09M |
| Inventory | $- | $- | $- | $514.00K | $4.62M |
| Accounts Payables | $-30.46M | $19.26M | $11.58M | $3.55M | $-1.52M |
| Other Working Capital | $-14.53M | $-56.28M | $-22.06M | $-7.91M | $2.83M |
| Other Non Cash Items | $-954.00K | $19.76M | $124.92M | $-26.62M | $-1.24M |
| Net Cash Provided by Operating Activities | $-5.69M | $-6.10M | $-7.86M | $797.00K | $27.55M |
| Investments in Property Plant and Equipment | $-691.00K | $-14.90M | $-17.79M | $-16.02M | $-14.54M |
| Acquisitions Net | $- | $- | $500.00K | $-192.01M | $-265.00K |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $179.35M | $175.00K | $500.00K | $-2.12M | $-265.00K |
| Net Cash Used for Investing Activities | $178.66M | $-14.72M | $-17.29M | $-208.03M | $-14.80M |
| Debt Repayment | $-153.84M | $332.00K | $5.00M | $7.69M | $19.30M |
| Common Stock Issued | $1.03M | $902.00K | $459.00K | $35.00M | $159.00K |
| Common Stock Repurchased | $- | $- | $-1.70M | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-1.79M | $-422.00K | $-1.82M | $139.13M | $159.00K |
| Net Cash Used Provided by Financing Activities | $-154.60M | $812.00K | $3.18M | $181.82M | $19.45M |
| Effect of Forex Changes on Cash | $- | $-123.00K | $-1.99M | $-985.00K | $-103.00K |
| Net Change in Cash | $3.01M | $-20.14M | $-23.96M | $-26.39M | $32.10M |
| Cash at End of Period | $38.65M | $35.64M | $55.77M | $79.73M | $106.13M |
| Cash at Beginning of Period | $35.64M | $55.77M | $79.73M | $106.13M | $74.02M |
| Operating Cash Flow | $-5.69M | $-6.10M | $-7.86M | $797.00K | $27.55M |
| Capital Expenditure | $-691.00K | $-14.90M | $-17.79M | $-16.02M | $-14.54M |
| Free Cash Flow | $-6.38M | $-21.00M | $-25.64M | $-15.22M | $13.02M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-2.87M | $-7.88M | $-6.48M | $-26.52M | $3.80M | $-13.93M | $-27.84M | $-36.26M | $-106.19M | $-26.99M | $-23.58M | $-44.57M | $41.57M | $-3.58M | $-789.00K | $-11.32M | $32.30M | $-2.13M | $-6.09M | $-13.62M |
| Depreciation and Amortization | $3.39M | $5.01M | $4.86M | $5.88M | $5.54M | $8.07M | $8.03M | $8.40M | $8.78M | $9.20M | $8.61M | $8.48M | $7.83M | $5.41M | $4.36M | $5.27M | $3.98M | $4.36M | $2.13M | $2.02M |
| Deferred Income Tax | $158.00K | $-53.00K | $-902.00K | $493.00K | $2.83M | $63.00K | $362.00K | $-21.00K | $-3.55M | $-131.00K | $1.58M | $507.00K | $-23.75M | $-37.00K | $19.00K | $-4.32M | $206.00K | $-6.00K | $- | $- |
| Stock Based Compensation | $1.29M | $1.74M | $1.75M | $752.00K | $401.00K | $1.80M | $2.69M | $687.00K | $2.75M | $3.63M | $11.28M | $3.94M | $22.71M | $503.00K | $209.00K | $138.00K | $201.00K | $327.00K | $374.00K | $287.00K |
| Change in Working Capital | $-8.72M | $7.29M | $-16.07M | $8.78M | $-18.64M | $1.66M | $1.19M | $19.51M | $-8.38M | $-326.00K | $-324.00K | $22.49M | $-30.57M | $-8.79M | $2.11M | $20.45M | $-37.10M | $4.46M | $15.89M | $26.21M |
| Accounts Receivables | $-2.00M | $-2.52M | $4.23M | $26.10M | $-14.09M | $8.95M | $2.03M | $43.84M | $-26.82M | $-1.07M | $7.60M | $44.23M | $-45.20M | $-1.55M | $-3.28M | $37.08M | $-40.57M | $-8.61M | $15.89M | $26.21M |
| Inventory | $- | $- | $- | $- | $26.15M | $-13.74M | $-12.40M | $- | $- | $- | $- | $- | $19.40M | $-8.11M | $-17.00K | $-10.76M | $6.29M | $4.33M | $- | $- |
| Accounts Payables | $246.00K | $-1.63M | $-5.96M | $-23.12M | $4.84M | $4.53M | $9.98M | $-95.00K | $7.45M | $5.30M | $4.57M | $-5.74M | $1.77M | $1.19M | $2.59M | $-2.00M | $210.00K | $824.00K | $- | $- |
| Other Working Capital | $-6.97M | $11.43M | $-14.34M | $5.80M | $-9.39M | $1.92M | $1.58M | $-24.23M | $11.00M | $-4.56M | $2.70M | $-16.00M | $-6.55M | $-317.00K | $2.82M | $-3.87M | $-3.03M | $7.92M | $- | $- |
| Other Non Cash Items | $2.20M | $12.22M | $4.44M | $6.85M | $2.32M | $7.71M | $8.45M | $7.07M | $106.62M | $10.52M | $6.41M | $10.29M | $-27.89M | $2.14M | $-172.00K | $-695.00K | $135.00K | $870.00K | $25.72M | $9.80M |
| Net Cash Provided by Operating Activities | $-4.55M | $18.33M | $-12.40M | $-13.30M | $-3.74M | $5.37M | $-7.55M | $-179.00K | $40.00K | $-4.10M | $-4.94M | $1.14M | $-10.10M | $-4.36M | $5.74M | $9.52M | $-279.00K | $7.88M | $21.75M | $-1.80M |
| Investments in Property Plant and Equipment | $-2.98M | $6.12M | $-3.21M | $-3.42M | $-3.22M | $-3.53M | $-3.77M | $-4.38M | $-3.51M | $-4.80M | $-3.55M | $-5.92M | $-6.65M | $-4.12M | $-3.01M | $-2.24M | $-2.80M | $-2.80M | $-1.66M | $-1.65M |
| Acquisitions Net | $- | $- | $350.00K | $- | $-175.00K | $- | $- | $175.00K | $- | $500.00K | $- | $- | $-196.48M | $-724.00K | $- | $5.20M | $-265.00K | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $287.50M | $-287.50M | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $82.50M | $-117.87M | $- | $108.58M | $-13.76M | $-3.24M | $-3.70M | $175.00K | $-2.62M | $-2.60M | $-3.09M | $-3.55M | $-2.12M | $287.50M | $-2.95M | $-287.50M | $-2.11M | $-2.35M | $-2.32M | $-3.31M |
| Net Cash Used for Investing Activities | $79.53M | $-111.75M | $-2.85M | $105.16M | $-3.22M | $-3.53M | $-3.77M | $-4.20M | $-3.51M | $-4.30M | $-3.55M | $-5.92M | $-203.13M | $-4.84M | $-3.01M | $2.96M | $-3.06M | $-2.80M | $-3.98M | $-4.96M |
| Debt Repayment | $-88.77M | $- | $-333.00K | $-65.24M | $- | $-479.00K | $2.13M | $-1.32M | $- | $- | $5.00M | $- | $152.80M | $- | $- | $- | $2.20M | $9.91M | $- | $- |
| Common Stock Issued | $370.00K | $659.00K | $1.00K | $- | $- | $137.00K | $765.00K | $- | $- | $- | $- | $358.00K | $-103.66M | $-5.83M | $- | $35.00M | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $407.00K | $-187.00K | $-27.00K | $- | $-28.00K | $-35.00K | $-1.64M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-1.29M | $827.00K | $-235.00K | $-591.00K | $-451.00K | $220.00K | $738.00K | $-193.00K | $99.00K | $1.64M | $2.00K | $-227.00K | $-5.26M | $294.00K | $-1.16M | $142.00K | $63.00K | $44.00K | $7.20M | $38.00K |
| Net Cash Used Provided by Financing Activities | $-89.40M | $1.20M | $-568.00K | $-65.83M | $-44.00K | $-529.00K | $2.87M | $-1.48M | $71.00K | $-35.00K | $3.37M | $-227.00K | $147.55M | $294.00K | $-1.16M | $35.14M | $2.26M | $9.96M | $7.20M | $38.00K |
| Effect of Forex Changes on Cash | $-645.00K | $658.00K | $-219.00K | $-160.00K | $168.00K | $-129.00K | $-196.00K | $34.00K | $38.00K | $-622.00K | $-1.22M | $-186.00K | $-181.00K | $-305.00K | $35.00K | $-534.00K | $529.00K | $333.00K | $498.00K | $-1.46M |
| Net Change in Cash | $-15.07M | $8.26M | $-16.05M | $25.87M | $-6.83M | $1.18M | $-8.65M | $-5.83M | $-3.36M | $-9.05M | $-6.35M | $-5.19M | $-65.86M | $-9.21M | $1.60M | $47.08M | $-550.00K | $15.37M | $25.46M | $-8.18M |
| Cash at End of Period | $38.65M | $53.72M | $45.46M | $61.51M | $35.64M | $42.47M | $41.30M | $49.95M | $55.77M | $59.14M | $68.19M | $74.54M | $79.73M | $145.60M | $154.81M | $153.21M | $106.13M | $106.68M | $91.31M | $65.85M |
| Cash at Beginning of Period | $53.72M | $45.46M | $61.51M | $35.64M | $42.47M | $41.30M | $49.95M | $55.77M | $59.14M | $68.19M | $74.54M | $79.73M | $145.60M | $154.81M | $153.21M | $106.13M | $106.68M | $91.31M | $65.85M | $74.02M |
| Operating Cash Flow | $-4.55M | $18.33M | $-12.40M | $-13.30M | $-3.74M | $5.37M | $-7.55M | $-179.00K | $40.00K | $-4.10M | $-4.94M | $1.14M | $-10.10M | $-4.36M | $5.74M | $9.52M | $-279.00K | $7.88M | $21.75M | $-1.80M |
| Capital Expenditure | $-2.98M | $6.12M | $-3.21M | $-3.42M | $-3.22M | $-3.53M | $-3.77M | $-4.38M | $-3.51M | $-4.80M | $-3.55M | $-5.92M | $-6.65M | $-4.12M | $-3.01M | $-2.24M | $-2.80M | $-2.80M | $-1.66M | $-1.65M |
| Free Cash Flow | $-7.53M | $24.45M | $-15.61M | $-16.72M | $-6.96M | $1.83M | $-11.32M | $-4.55M | $-3.47M | $-8.90M | $-8.49M | $-4.78M | $-16.75M | $-8.48M | $2.72M | $7.28M | $-3.08M | $5.07M | $20.09M | $-3.44M |
BuzzFeed, Inc., a digital media company, provides breaking news, original reporting, entertainment, and videos across the social web to its global audience. It provides BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a newsroom for young audience; Tasty, a platform for shareable food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content; and Complex Networks that offers culture content of music, food, style, entertainment, and sports. The company also offers As/Is for style, BringMe for travel, Goodful for wellness, and Nifty for DIY. BuzzFeed, Inc. was founded in 2006 and is based in New York, New York.
$1.91
Stock Price
$71.02M
Market Cap
611
Employees
New York, NY
Location
Revenue (FY 2024)
$189.89M
-24.8% YoY
Net Income (FY 2024)
$-10.10M
88.6% YoY
EPS (FY 2024)
$-0.27
89.1% YoY
Free Cash Flow (FY 2024)
$-6.38M
69.6% YoY
Profitability
Gross Margin
44.7%
Net Margin
-5.3%
ROE
-9.6%
ROA
-4.6%
Valuation
P/E Ratio
-9.89
P/S Ratio
0.53
EV/EBITDA
-16.82
Market Cap
$71.02M
Revenue & Net Income
Profit Margins
Cash Flow Summary
Operating Cash Flow
$-5.69M
6.8% YoY
Free Cash Flow
$-6.38M
69.6% YoY
Balance Sheet Summary
Total Assets
$221.40M
-49.5% YoY
Total Debt
$62.74M
71.3% YoY
Shareholder Equity
$104.77M
-8.0% YoY
Dividend Overview
No Dividend Data
BuzzFeed, Inc. doesn't currently pay dividends.
BuzzFeed Dividends
Explore BuzzFeed's dividend history, including dividend yield, payout ratio, and historical payments.
BuzzFeed News
Read the latest news about BuzzFeed, including recent articles, headlines, and updates.
BuzzFeed: A Compelling Turnaround And Trading At Its Lowest Valuation In History
BuzzFeed reported Q4 FY 2024 Adj. EBITDA of $10.9 million, 68% higher than initial guidance, and set promising FY 2025 revenue and EBITDA guidance. Despite a clear turnaround and improved balance sheet, BuzzFeed trades at its lowest valuation due to market conditions and lack of sell-side coverage. Major former media investors exited due to strategic shifts, causing high volatility and preventing a stable shareholder base, despite improving business fundamentals.
BuzzFeed, Inc. (BZFD) Q4 2024 Earnings Call Transcript
BuzzFeed, Inc. (NASDAQ:BZFD ) Q4 2024 Earnings Conference Call March 13, 2024 5:00 PM ET Company Participants Juliana Clifton - VP, Communications Jonah Peretti - CEO and Founder Matt Omer - CFO Conference Call Participants Operator Good day and thank you for standing by. Welcome to the BuzzFeed Inc. Fourth Quarter 2024 Earnings Conference Call.
BuzzFeed, Inc. Completes Strategic and Organizational Changes Following a Transformative 2024
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc.'s (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) fourth quarter and full year (ended December 31, 2024) financial results were in line with its outlook shared in December, demonstrating progress in stabilizing operations and positioning the business for long-term growth. Following a strategic transformation in 2024, BuzzFeed is optimistic about the year ahead and is committed to bettering operational efficiency and improving monetization across the Compan.
BuzzFeed Declares War on “SNARF” and Announces a New Social Platform
NEW YORK--(BUSINESS WIRE)--Today, BuzzFeed announced a new social platform designed to bring joy and creativity back to the internet. The digital media pioneer introduced a strategy to counter tech platforms' unchecked influence over an internet increasingly fueled by misinformation, addiction, and negativity. At the heart of the strategy is a commitment to human creativity and a reinvention of how content is created and shared. “For years, major social platforms have abandoned their responsibi.
BuzzFeed is taking on Instagram, TikTok, X with a new social platform designed to spread ‘joy'
BuzzFeed, the media site known for its celebrity news and quizzes, announced on Tuesday that it's developing its own social media platform, in a move to counter the current negativity on the internet. Semafor first reported BuzzFeed's plan for the platform this past week.
BuzzFeed Vs. Rumble: The Undervalued Innovator Is The Clear Winner
BuzzFeed's enterprise value is $100M with positive adjusted EBITDA, while Rumble is $4B despite significant cash burn and negative adjusted EBITDA. Rumble's valuation is inflated by speculative trading and lacks sustainable profitability, unlike BuzzFeed's tangible turnaround and debt management. BuzzFeed is undervalued as it transitions toward a social media model, leveraging its large, engaged audience and innovative AI tools.
Buzzfeed sells brand behind ‘Hot Ones' to Soros Fund Management-led group
Buzzfeed Inc (NASDAQ:BZFD) is selling First We Feast, the brand behind its popular ‘Hot Ones' talk show, to a group of investors led by an affiliate of Soros Fund Management for $82.5 million in cash. First We Feast will become a standalone company led by founder Chris Schonberger, BuzzFeed said on Thursday.
BuzzFeed sells 'Hot Ones' creator for $82.5 mln to group led by Soros-affiliate
BuzzFeed said on Thursday it has sold First We Feast, creator of YouTube's popular talk show 'Hot Ones', to a group led by Soros Fund Management affiliate for $82.5 million, as the struggling media company faces a cash crunch.
BuzzFeed, Inc. Announces Sale of First We Feast to an Affiliate of Soros Fund Management in $82.5 Million All-Cash Deal
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (Nasdaq: BZFD) (the “Company”) today announced the closing of its sale of First We Feast to a consortium led by an affiliate of Soros Fund Management LLC in an $82.5 million all-cash deal. The proceeds of the transaction combined with a partial prepayment of the Company's outstanding convertible notes has the Company operating with a cash balance that exceeds its remaining debt. Refer to the Company's 8-K filed with the SEC on December 12, 2024 for addi.
BuzzFeed: This Rally Can Last Longer
BuzzFeed's stock surged over 300% in 2024, driven by AI integration in content creation and partnerships with major tech firms like Meta. Post-SPAC valuation and reduced operating expenses through cost-cutting measures have created an attractive entry point for investors. Despite declining revenues, BuzzFeed's streamlined operations and low market cap position it for potential EPS growth and profitability.
2 Meme Stocks to Buy Now
Whether you agree with President-elect Donald Trump's economic policies or not, one thing is certain: the conclusion of the 2024 U.S. presidential election on Wall Street has unleashed the “animal spirits.” To be fair, stocks have been on a tear since the bear market lows of 2022, boosted by a falling inflation rate, AI/data center spending, and a dovish federal reserve board.
BuzzFeed, Inc. Delivers Strong Q3 Financial Results
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (Nasdaq: BZFD) reported improved year-over-year profitability in the third quarter (ended September 30, 2024) generating net income from continuing operations of $2 million and Adjusted EBITDA2 of $11 million, near the high end of the Company's outlook shared on August 12, 2024. Third quarter revenues exceeded the Company's outlook, growing 7% year-over-year, with strong growth in two of BuzzFeed, Inc.'s largest and highest-margin revenue streams - Affi.
BuzzFeed, Inc. to Release Third Quarter 2024 Financial Results on Tuesday, November 12, 2024
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (NASDAQ: BZFD) today announced plans to release third quarter 2024 financial results on Tuesday, November 12, 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 / 2:00 PM PT. 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.
BuzzFeed, Inc.: The Elephant In The Room Can Pirouette
BuzzFeed's Q3 FY 2024 guidance is the highest ever, showcasing a strong business turnaround with significant improvements in engagement and advertising revenues. The $120 million 8.5% convertible debt put option due December 3, 2024, poses a major risk, but management has multiple strategies to address it. Selling First We Feast, refinancing the debt, or extending the put option with warrants are viable solutions to defuse the debt issue.
BuzzFeed, Inc. (BZFD) Q2 2024 Earnings Call Transcript
BuzzFeed, Inc. (NASDAQ:BZFD ) Q2 2024 Earnings Call Transcript August 12, 2024 5:00 PM ET Company Participants Amita Tomkoria - SVP of IR Jonah Peretti - CEO Matt Omer - CFO Operator Good day, and thank you for standing by, and welcome to BuzzFeed, Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
BuzzFeed, Inc. Posts Strong Q2 Financial Results and Expects Continued Improvement in Q3
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (Nasdaq: BZFD) reported improved second quarter (ended June 30, 2024) net loss from continuing operations as compared to the prior-year period, and Adjusted EBITDA2 ahead of the Company's outlook shared on May 13, 2024 and reiterated on July 3, 2024. Second quarter revenues were in line with the Company's outlook, with year-over-year growth in two of BuzzFeed, Inc.'s largest and highest-margin revenue streams - Programmatic Advertising and Affiliate Com.
BuzzFeed keeps attracting investors who are upset with BuzzFeed
BuzzFeed is a digital publisher that used to attract a lot of attention from people who thought it was the future of media. Now, it attracts people who think it is mismanaged and want to change the way CEO Jonah Peretti runs the company.
BuzzFeed, Inc. to Release Second Quarter 2024 Financial Results on Monday, August 12, 2024
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (NASDAQ: BZFD) today announced plans to release second quarter 2024 financial results on Monday, August 12, 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.
BuzzFeed Warrants: Stars Aligned For An Asymmetric Upside
Despite a 170% rally year to date, BuzzFeed stock is still significantly undervalued trading at only 0.6x P/S, well below the sector average and its comparable peers. Given the strong tailwind from both the ongoing business turnaround and Vivek Ramaswamy's activist investment, the stock appears well poised for a significant surge in the second half of 2024. BuzzFeed warrants represent a compelling risk reward opportunity as the warrant tends to outperform its underlying stock in an up market due to higher beta and the accelerated delta effect.
BuzzFeed's Turnaround: Loyal Users, AI Content, And Debt Reduction From Complex Networks Sale
BuzzFeed's strategic shift to direct traffic from platform-dependent distribution has deepened user engagement and increased market presence. The sale of Complex Networks has improved liquidity, enabling debt reduction and a focus on core assets and high-margin revenue streams. BuzzFeed's Q1 2024 revenues include $21.4 million from advertising, $13.1 million from content, and $10.2 million from commerce and other segments.
Vivek Ramaswamy Just Upped His Bet on BuzzFeed (BZFD) Stock
Last month, former 2024 presidential candidate Vivek Ramaswamy disclosed a 7.7% stake in Buzzfeed (NASDAQ: BZFD ) stock, equivalent to 2.72 million shares. At the time, Ramaswamy stated that he believed BZFD stock was undervalued and that he wanted to engage in communications with the company's board and executives in order to maximize shareholder value.
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