BZFD

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Byron Allen will become Chairman and CEO following a significant family office investment, aiming to scale BuzzFeed into a global media platform competing with major tech entities. The company is shifting its strategic focus toward free streaming video, audio, and user-generated content to compete directly with platforms like YouTube. Founder Jonah Peretti will transition to the new role of President of BuzzFeed AI, focusing on developing products and technology enabled by recent advances in artificial intelligence. Management is planning significant cost reductions to establish a profitable core business as a foundation for new growth initiatives. BuzzFeed Studios will be established as an independent entity to house premium studio, vertical microdrama, and digital video businesses to generate new liquidity and operational focus. Q1 revenue declines were driven by a 19.8% drop in advertising and a 32% decrease in commerce, partially offset by a 69% increase in content revenue. The transaction agreement with Byron Allen is expected to close within the month, subject to customary closing conditions. Future growth will be pursued through a combination of organic development and strategic acquisitions under the new leadership. The company plans to utilize proprietary software and AI to deliver hyper-local, national, and international news across its iconic brands. Full-year financial guidance is being withheld until the transaction closes and the new strategic direction is fully established. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. The spin-off of BuzzFeed Studios into an independent entity marks a structural shift to isolate and monetize high-growth video assets. Net loss widened to $15.1 million in Q1 2026, up from $12.5 million in the prior year, reflecting ongoing operational headwinds. Audience engagement, measured by time spent, declined 10.7% year-over-year to 60.6 million hours.

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 NEW YORK, May 06, 2026--(BUSINESS WIRE)--BuzzFeed, Inc. (NASDAQ: BZFD) today announced that it will now release its first quarter 2026 financial results on Monday, May 11, 2026 after the market closes. The Company previously announced that it would report results on Thursday, May 7, 2026. BuzzFeed 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 at investors.buzzfeed.com under the "News and Events" section. A replay will be available at the same location following the call. To participate in the conference call, interested parties must register in advance. About BuzzFeed, Inc. BuzzFeed, Inc. is home to the best of the Internet. Across entertainment, news, food, pop culture, and commerce, our brands drive conversation and inspire what audiences watch, read, and buy now—and into the future. Born on the Internet in 2006, BuzzFeed is committed to making it better: providing trusted, quality, brand-safe news and entertainment to hundreds of millions of people; making content on the Internet more inclusive, empathetic, and creative; and inspiring our audience to live better lives. View source version on businesswire.com: https://www.businesswire.com/news/home/20260506276294/en/ Contacts Press: Juliana Clifton [email protected] Investor Relations: [email protected]

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 NEW YORK, April 08, 2026--(BUSINESS WIRE)--BuzzFeed, Inc. (NASDAQ: BZFD) today announced it will release its first quarter 2026 financial results on Thursday, May 7, 2026 after the market closes. BuzzFeed 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 at investors.buzzfeed.com under the ‘News and Events’ section. A replay will be available at the same location following the call. To participate in the conference call, interested parties must register in advance. About BuzzFeed, Inc. BuzzFeed, Inc. is home to the best of the Internet. Across entertainment, news, food, pop culture, and commerce, our brands drive conversation and inspire what audiences watch, read, and buy now—and into the future. Born on the Internet in 2006, BuzzFeed is committed to making it better: providing trusted, quality, brand-safe news and entertainment to hundreds of millions of people; making content on the Internet more inclusive, empathetic, and creative; and inspiring our audience to live better lives. View source version on businesswire.com: https://www.businesswire.com/news/home/20260408129693/en/ Contacts Press: Juliana Clifton [email protected] Investor Relations: Juliana Clifton [email protected]

Management believes the company is significantly undervalued, asserting that individual brands like HuffPost, Tasty, and BuzzFeed Studios are worth a multiple of the current market capitalization. The valuation disconnect is attributed to legacy centralized costs, downstream debt from the SPAC transaction, and pre-COVID real estate commitments rather than the performance of core assets. Studio revenue nearly tripled during the year, driven by the delivery of three feature films and a successful entry into the micro-drama category. Programmatic advertising grew for the seventh consecutive quarter and now represents 76% of total advertising revenue, offsetting continued softness in direct-sold advertising. Affiliate commerce revenue declined primarily due to changes in supplemental bonus structures from partners, though underlying conversion rates and gross merchandise value remained stable. The company is pivoting toward AI-driven experiences and new product launches to deepen user engagement and improve the effectiveness of advertising and commerce offerings. Management is withholding 2026 financial guidance while actively exploring strategic options that could materially alter the company's structure and business model. The company plans to demonstrate asset value through concrete actions in coming quarters, focusing on narrowing the disconnect between intrinsic and trading value. Approximately $15 million in restricted cash currently pledged for office lease letters of credit is expected to be released in May 2026 and used for debt repayment. New AI-integrated apps and product features are scheduled for rollout throughout the year to modernize the core BuzzFeed user experience. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. A $30.2 million non-cash goodwill impairment charge was recorded in Q4, triggered by the sustained decline in the company's share price. Total debt stands at $60.2 million, consisting of a $45 million term loan and $15.2 million in film financing arrangements. Full-year 2025 expenses included approximately $9 million related to refinancing convertible notes, severance, and share repurchases from a prior investor. Time spent by users declined 7% for the full year, which management attributes to the comparison against the elevated eng...

This article first appeared on GuruFocus. Release Date: March 12, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. BuzzFeed Inc (NASDAQ:BZFD) believes its current assets are worth a multiple of its market cap, indicating potential undervaluation. Studio revenue nearly tripled to $16.1 million, driven by the delivery of three feature films and contributions from the micro-drama category. Programmatic advertising grew 7% year-over-year, marking the seventh consecutive quarter of growth and now represents 76% of total advertising revenue. Adjusted EBITDA improved by 61% to $8.8 million for the full year 2025, compared to $5.5 million in 2024. BuzzFeed Inc (NASDAQ:BZFD) is actively exploring strategic options to unlock value and address liquidity challenges, which could positively impact the company's future. Total revenue for the full year 2025 was $185.3 million, down 2% from the previous year. Advertising revenue declined 3% to $91.7 million, with direct sold advertising dropping 25% to $22.1 million. Net loss from continuing operations was $57.3 million, compared to $34 million in 2024, due to a noncash goodwill impairment charge. Time spent on BuzzFeed Inc (NASDAQ:BZFD) platforms totaled 276.5 million hours, down 7% year-over-year. Commerce and other revenue declined 8% to $56.5 million, with affiliate commerce declining 7% due to changes in supplemental bonus structures from partners. Warning! GuruFocus has detected 5 Warning Signs with BZFD. Is BZFD fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on the strategic options BuzzFeed is exploring to unlock value and address liquidity challenges? A: Jonah Peretti, CEO, mentioned that BuzzFeed is actively exploring a range of strategic options to close the gap between the market value and the intrinsic value of its assets. These options could significantly impact the company's structure and business in 2026, but specific details were not disclosed during the call. Q: What are the key factors contributing to the undervaluation of BuzzFeed's market capitalization? A: Jonah Peretti, CEO, highlighted several factors, including a pessimistic view of digital media, legacy centralized costs, downstream debt from the SPAC transaction, pre-COVID real estate commitments, and the timing of cost reductions and new initiatives. He em...

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 NEW YORK, January 22, 2026--(BUSINESS WIRE)--BuzzFeed, Inc. (NASDAQ: BZFD) today announced it will release its fourth quarter and full year 2025 financial results on Thursday, March 12, 2026, after the market closes. BuzzFeed 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 at investors.buzzfeed.com under the ‘News and Events’ section. A replay will be available at the same location following the call. To participate in the conference call, interested parties must register in advance. About BuzzFeed, Inc. BuzzFeed, Inc. is home to the best of the Internet. Across entertainment, news, food, pop culture, and commerce, our brands drive conversation and inspire what audiences watch, read, and buy now—and into the future. Born on the Internet in 2006, BuzzFeed is committed to making it better: providing trusted, quality, brand-safe news and entertainment to hundreds of millions of people; making content on the Internet more inclusive, empathetic, and creative; and inspiring our audience to live better lives. View source version on businesswire.com: https://www.businesswire.com/news/home/20260122360338/en/ Contacts Press: Juliana Clifton: [email protected] Investor Relations: Juliana Clifton: [email protected]

NEW YORK, November 06, 2025--(BUSINESS WIRE)--BuzzFeed, Inc. ("BuzzFeed," the "Company," "we," or "our") (Nasdaq: BZFD) today announced its financial results for the quarter ended September 30, 2025. "Q3 was a challenging quarter, but we continued to advance our core strategy," said Jonah Peretti, BuzzFeed Founder and CEO. "We’re growing direct visits and deepening our relationship with Gen Z and Millennial audiences, which gives us more control and more room to innovate. I’m spending more of my time in the lab as we build new products for this direct audience, and look forward to sharing more next quarter." "As we move into Q4, we expect a seasonal step-up from Q3. We’re focused on capturing that demand and managing the business carefully to finish the year in a stable position," said Matt Omer, BuzzFeed CFO. Third Quarter 2025 Financial and Operational Highlights for Continuing Operations1 Total revenue was $46.3 million, compared to $55.6 million in Q3 2024, a decrease of 17% year-over-year. Advertising revenue declined to $22.2 million, compared to $24.8 million in Q3 2024, reflecting an 11% drop. Content revenue declined to $7.2 million, compared to $10.7 million in Q3 2024, reflecting a 33% decrease. Commerce and other revenue declined to $17.0 million, compared to $20.1 million in Q3 2024, reflecting a 15% drop. Net loss from continuing operations was $7.4 million, compared to net income from continuing operations of $2.5 million in Q3 2024. Adjusted EBITDA2 was $0.8 million, compared to $8.1 million in Q3 2024. Total U.S. Time Spent3 across all BuzzFeed, Inc. properties was 68.5 million hours, compared to 80.3 million hours in Q3 2024. This decline was largely expected as Q3 2024 saw elevated news consumption during the presidential election cycle. Business and Content Highlights Traffic Diversification: 63% of BuzzFeed.com traffic now comes from direct visits, internal referrals, and app activity, up from 61% in Q2, reinforcing reduced platform dependency. HuffPost homepage pageviews and referrals now account for 75% of total HuffPost.com traffic, up from 70% a year ago. Leader in Audience & Time Spent: BuzzFeed, Inc. remained #1 among Gen Z and Millennials in its competitive set4 with 10.7 million hours of Time Spent with this audience in Q3, up 25% from Q2. BuzzFeed.com remained the #1 brand in the competitive set in Q3, generating 37.2 million ho...

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 NEW YORK, October 15, 2025--(BUSINESS WIRE)--BuzzFeed, Inc. (NASDAQ: BZFD) today announced it will release its third quarter 2025 financial results on Thursday, November 6, 2025, after the market closes. BuzzFeed 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 at investors.buzzfeed.com under the ‘News and Events’ section. A replay will be available at the same location following the call. To participate in the conference call, interested parties must register in advance. About BuzzFeed, Inc. BuzzFeed, Inc. is home to the best of the Internet. Across entertainment, news, food, pop culture, and commerce, our brands drive conversation and inspire what audiences watch, read, and buy now—and into the future. Born on the Internet in 2006, BuzzFeed is committed to making it better: providing trusted, quality, brand-safe news and entertainment to hundreds of millions of people; making content on the Internet more inclusive, empathetic, and creative; and inspiring our audience to live better lives. View source version on businesswire.com: https://www.businesswire.com/news/home/20251014267672/en/ Contacts Press: Juliana Clifton: [email protected] Investor Relations: Juliana Clifton: [email protected]

Total Revenue: $46.4 million, up 13% year over year from $41.1 million in Q2 '24. Advertising Revenue: $22.6 million, down 3% from $23.2 million in Q2 '24. Programmatic Advertising: Grew 11% year over year to $17.4 million. Content Revenue: Increased 53% to $10.7 million from $7 million in Q2 '24. Commerce and Other Revenues: Rose to $13.1 million, a 20% increase from $10.9 million in Q2 '24. Net Loss from Continuing Operations: $10.6 million, compared to a loss of $5.4 million in Q2 '24. Adjusted EBITDA: $2 million, up from $800,000 in Q2 '24. Total US Time Spent: 69.9 million hours, a 3% increase from Q1 '25. First Half 2025 Total Revenue: $82.4 million, up 5% from $78.1 million in the first half of 2024. First Half 2025 Net Loss from Continuing Operations: $23.1 million, an improvement of 28% from $32.3 million in the first half of '24. First Half 2025 Adjusted EBITDA Losses: Improved to $3.9 million from $13.5 million in the first half of 2024, a 71% improvement. Full-Year 2025 Revenue Guidance: $195 million to $210 million. Full-Year 2025 Adjusted EBITDA Guidance: Between $10 million and $20 million. Warning! GuruFocus has detected 5 Warning Signs with BZFD. Release Date: August 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. BuzzFeed Inc (NASDAQ:BZFD) achieved a 13% year-over-year increase in total revenue for Q2 2025, reaching $46.4 million. The company successfully shifted 61% of its traffic to direct sources, reducing dependency on platforms like Facebook and Google. Programmatic advertising revenue grew by 11% year over year, demonstrating improved yield and targeting. BuzzFeed Inc (NASDAQ:BZFD) reported a significant 53% increase in content revenue, driven by a nearly four-fold increase in studio revenue. The company is developing BF Island, an AI-native social media platform, aiming to reduce platform dependency and create a unique user experience. BuzzFeed Inc (NASDAQ:BZFD) experienced a 3% decline in advertising revenue, primarily due to a 31% drop in direct sold advertising. Net loss from continuing operations worsened to $10.6 million, impacted by a $5.5 million non-recurring charge. Direct sold content revenue declined by 17%, reflecting muted demand and a shift towards higher value partnerships. Total US time spent across BuzzFeed Inc (NASDAQ:BZFD) properties decreased slightly c...

Company Advances Strategic Priorities with Direct Audience Growth, AI Development, and Increased Platform Independence NEW YORK, August 07, 2025--(BUSINESS WIRE)--BuzzFeed, Inc. ("BuzzFeed," the "Company," "we," or "our") (Nasdaq: BZFD) today announced its financial results for the quarter ended June 30, 2025. The Company delivered strong revenue growth while continuing to execute on its strategy to reduce platform dependencies, expand scalable revenue streams, and invest in future-oriented initiatives. "I’m proud of what our team was able to accomplish in Q2," said Jonah Peretti, BuzzFeed Founder and CEO. "We returned to growth, driven by double digit gains in both commerce and programmatic advertising, our most scalable and tech enabled revenue lines. Our latest feature film hit #1 on Hulu in June. And we’ve begun beta testing on BF Island, our AI-native social media app. We’ve transformed and diversified our business and it is gratifying to see these efforts are continuing to bear fruit." "This quarter reflects continued momentum in our transformation efforts," said Matt Omer, BuzzFeed CFO. "We’re seeing strong performance in programmatic advertising and affiliate commerce—two of our most scalable and reliable revenue lines. Combined with a more efficient cost structure and growing direct audience engagement, these results reinforce the durability of our model and our long-term strategy." Second Quarter 2025 Financial and Operational Highlights for Continuing Operations1 Total revenue was $46.4 million, compared to $41.1 million in Q2 2024, an increase of 13% year-over-year. Advertising revenue slightly declined to $22.6 million, compared to $23.2 million in Q2 2024, reflecting a 3% drop. This was driven by a $2.3 million, or 31%, decrease in direct-sold advertising revenue, reflecting market softness and the Company’s strategic focus on programmatic. Programmatic advertising grew 11% year-over-year to $17.4 million, demonstrating continued improvements in yield and targeting. Content revenue increased 53% to $10.7 million, compared to $7.0 million in Q2 2024. Studio revenue increased nearly fourfold, up $4.7 million year-over-year, primarily driven by the delivery of a feature film project. This was partially offset by a $1.0 million, or 17%, decline in direct-sold content. Commerce and other revenue rose 20% to $13.1 million, compared to $10.9 million i...