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

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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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BuzzFeed (BZFD) stock price has erased some of the gains made earlier this year as concerns about the company continues. It initially surged to a high of $4.5 after Vivek Ramaswamy invested in it a few months ago.

BuzzFeed stock analysis: falling website traffic is a big risk

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. to Release Third Quarter 2024 Financial Results on Tuesday, November 12, 2024

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.: The Elephant In The Room Can Pirouette

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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. (BZFD) Q2 2024 Earnings Call Transcript

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, Inc. Posts Strong Q2 Financial Results and Expects Continued Improvement in Q3

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 keeps attracting investors who are upset with BuzzFeed

LOS ANGELES--(BUSINESS WIRE)--LOST iN, the premier media brand built to inspire the next generation of travel enthusiasts, today announced the acquisition of BuzzFeed's Bring Me!, among the first and largest travel and experience publishers on the internet. This strategic acquisition will significantly bolster LOST iN's content library and expand its reach to millions of travelers worldwide. LOST iN launched last month with a mission to build a vibrant community of like-minded travelers. Founde.

Premier Travel Media Brand LOST iN Acquires BuzzFeed's Travel Vertical Bring Me! to Accelerate Growth and Reach a Wider Audience of Travel Enthusiasts

Vivek Ramaswamy's quest to continue remaking Buzzfeed (NASDAQ: BZFD ) has taken a new turn. Indeed, the billionaire and former Republican presidential candidate isn't the only conservative buying up shares of BZFD stock.

Pulte Family Is Betting Big on BuzzFeed Stock. They Want to See Change, Too.

Former presidential candidate Vivek Ramaswamy has been buying shares of BuzzFeed. He says he wants to remake the publisher, starting with its board, and insisted on adding 3 new members by July 15.

Vivek Ramaswamy told BuzzFeed to change. It hasn't.

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, Inc. to Release Second Quarter 2024 Financial Results on Monday, August 12, 2024

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 Warrants: Stars Aligned For An Asymmetric Upside

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.

BuzzFeed's Turnaround: Loyal Users, AI Content, And Debt Reduction From Complex Networks Sale

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Former Republican presidential candidate Vivek Ramaswamy met with BuzzFeed CEO Jonah Perriti for an hour after sending a letter to the media company's board of directors urging change.

Vivek Ramaswamy meets with BuzzFeed CEO amid push for board seats

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.

Vivek Ramaswamy Just Upped His Bet on BuzzFeed (BZFD) Stock

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Former US presidential candidate Vivek Ramaswamy has reportedly urged Buzzfeed Inc (NASDAQ:BZFD) to overhaul its operations after increasing his stake in the company to 8.3%. He recommends cutting staff, focusing on video, and hiring new voices like former Fox News host Tucker Carlson.

Vivek Ramaswamy reportedly moots overhaul for BuzzFeed

Vivek Ramaswamy has called on digital media firm, BuzzFeed, to cut staff, invest in its audio and video capabilities, and hire high-profile “content creators” like Candace Owens and Tucker Carlson, in a letter to the media company's board.

Vivek Ramaswamy calls on BuzzFeed to cut staff and hire ‘top talents' like Tucker Carlson

Investor and former Republican presidential candidate Vivek Ramaswamy has laid out his plans for BuzzFeed. He envisions turning the company into a Twitter/X-style user-generated content company.

Vivek Ramaswamy has a plan for BuzzFeed. There's just one problem.

Jonah Peretti, the founder and CEO of BuzzFeed, has rebuffed most of Ramaswamy's asks, according to reports.

Vivek Ramaswamy demands BuzzFeed hire Bill Maher, Tucker Carlson, Charles Barkley and Aaron Rodgers

News for Buzzfeed Stock (BZFD)