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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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.

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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

BuzzFeed (NASDAQ: BZFD ) is among the media stocks that have come back to life in recent months. Indeed, shares of BZFD stock have surged from a low of less than 70 cents earlier this year to around the $3 level today.

Vivek Ramaswamy Takes BuzzFeed (BZFD) Higher Again

Vivek Ramaswamy, who disclosed a big stake in BuzzFeed last week, sent a letter to the online publisher's board of directors asking for major changes from staffing and focus to the board makeup as well as an apology for previous reporting.

New BuzzFeed Investor Vivek Ramaswamy Asks For Big Changes & Apology

CEO Jonah Peretti pushed back on rightwing Trumpist, saying he had ‘fundamental misunderstandings' about the business

Vivek Ramaswamy uses Buzzfeed stake to demand staff cuts, conservative hires

BuzzFeed's board received a detailed letter from investor and shareholder Vivek Ramaswamy about the need for change at the media outlet, which he says has "lost its way."

Vivek Ramaswamy targets BuzzFeed: Read his full letter here

Vivek Ramaswamy has issued a seven-page letter to BuzzFeed, urging the media company to add three more board seats and adapt its business model to survive amid a decimated market value.

Vivek Ramaswamy pushes for BuzzFeed board seats, says company has lost its way

Entrepreneur Vivek Ramaswamy has taken a 7.7% stake in BuzzFeed, according to a filing from the Securities and Exchange Commission (SEC). The former Republican presidential candidate's SEC filing revealed the acquisition came between March 14 and May 21, making up 2.7 million shares. Costs of the shares ranged anywhere between $1.54 and $2.

Vivek Ramaswamy Buys Stake In BuzzFeed, Stock Price Jumps On News

Wall Street has countless stories of investors acquiring stakes in companies for which they seem like very bad fits—Bill Gates investing in Waste Management, America's leading garbage company; Warren Buffett getting into American Airlines, Delta, United, and Southwest a few years after calling the airline business a “death trap.” Yet Republican high-haired former presidential hopeful-turned-Trump campaigner Vivek Ramaswamy jumping into bed with left-leaning, listicle-heavy BuzzFeed is still likely to cause a double take.

Vivek Ramaswamy spent $3.3 million to buy 8% of BuzzFeed. How much damage could he do with that stake?

Vivek Ramaswamy ran a failed campaign for the Republican presidential nomination. Now he owns 7.7% of BuzzFeed, the struggling digital media publisher.

4 totally unverified theories about Vivek Ramaswamy and BuzzFeed

Entrepreneur and possible Trump running mate Vivek Ramaswamy bought nearly 3 million shares of Buzzfeed in recent months, giving him a 7.7% stake in the struggling media company and making him the fourth largest investor—leading Buzzfeed's share price to spike.

Buzzfeed Shares Soar As Vivek Ramaswamy Becomes 4th-Largest Shareholder

After failing to become President of the United States, Vivek Ramaswamy has decided to turn his attention to a new venture. Indeed, the former Republican candidate has acquired an activist stake in BuzzFeed (NASDAQ: BZFD ) and BZFD stock.

Vivek Ramaswamy Is Betting Big on BuzzFeed (BZFD) Stock

One person has bought shares of BuzzFeed for two months and owns a stake large enough to be disclosed. This investor wants to talk to management about maximizing shareholder value.

Why BuzzFeed Stock Skyrocketed Today

The Former Republican presidential candidate said the stock is undervalued, and heis looking to speak with Buzzfeed's board and management.

Vivek Ramaswamy takes 7.7% stake in Buzzfeed, sending shares soaring

The former Republican presidential candidate invested in the media company intending to ‘shift its strategy'

Vivek Ramaswamy acquires 7.7% activist stake in BuzzFeed

What is a meme stock? In simple terms, it's a stock that pumps in value, not because of any intrinsic underlying value, but because of artificial externalities.

Anti-woke crusader Ramaswamy builds stake in BuzzFeed

Shares of BuzzFeed Inc. soared on heavy volume Wednesday, after the Vivek Ramaswamy, a former presidential candidate, disclosed that he took a large equity stake in the digital news service.

Vivek Ramaswamy bought a bunch of BuzzFeed stock, to spark a big rally

GOP presidential hopeful Vivek Ramaswamy had a successful career as an entrepreneur and is now devoting some of his wealth to the struggling media outlet.

Vivek Ramaswamy goes activist with Buzzfeed stake, seeks strategic 'shift'

A major part of BuzzFeed CEO Jonah Peretti's compensation will now be in stock options, the digital media firm said on Friday, amid efforts to boost the adoption of artificial intelligence to speed up a turnaround.

BuzzFeed CEO moves to majority stock based compensation amid AI push

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (Nasdaq: BZFD) today announced its go-forward model for employee equity compensation and incentives. BuzzFeed founder and CEO Jonah Peretti is leading the way for this change, taking the majority of his compensation as a stock-based package—at the money options—and removing the bulk of his cash based-compensation. The company is also extending stock incentives to senior executives across the organization. The strategic move provides stock options with a.

BuzzFeed Inc., Bullish About Future of the Company, Redefines Compensation Model to Drive Value Creation

BuzzFeed, Inc. (NASDAQ:BZFD ) Q1 2024 Earnings Conference Call May 13, 2024 5:00 PM ET Company Participants Amita Tomkoria - Head, Investor Relations Jonah Peretti - Chief Executive Officer Matt Omer - Chief Financial Officer Operator Good day, and thank you for standing by. Welcome to the BuzzFeed, Inc. First Quarter 2024 Earnings Conference Call.

BuzzFeed, Inc. (BZFD) Q1 2024 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc1.'s (Nasdaq: BZFD) reported first quarter (ended March 31, 2024) financial results in line with the company's outlook shared on March 25, 2024. “We closed the first quarter of 2024 with exciting momentum in our business, completing the biggest step in our transformation, which was to refocus the company on our owned and operated sites and apps, and away from the platform-dependent model of distribution,” said Jonah Peretti, BuzzFeed Founder & CEO. “T.

BuzzFeed, Inc. First Quarter 2024 Financial Results in Line With March Outlook

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (NASDAQ: BZFD) today announced that its Board of Directors and shareholders approved a 1-for-4 reverse stock split of the company's Class A common stock, par value $0.0001 per share, and Class B common stock, par value $0.0001 per share, which will be effective at 12:01am EST on May 6, 2024. BuzzFeed's Class A common stock will continue to be traded on The Nasdaq Capital Market on a split-adjusted basis beginning on May 6, 2024, under the Company's exis.

BuzzFeed, Inc. Announces 1-For-4 Reverse Stock Split

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (NASDAQ: BZFD) today announced plans to release first quarter 2024 financial results on Monday, May 13, 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. To.

BuzzFeed, Inc. to Release First Quarter 2024 Financial Results on Monday, May 13, 2024

BuzzFeed (NASDAQ: BZFD ) stock is a hot topic on Tuesday as the media company is seeking approval for a reverse stock split at its next shareholder meeting. That shareholder meeting is set for April 25 and will have investors voting on several matters.

BZFD Stock: BuzzFeed Is Prepping for a Reverse Stock Split

BuzzFeed sold its Complex business for $114 million or 2X revenue, in late February 2024. This transforms the balance sheet. The market is irrationally fearful of BZFD's $120 million 8.5% 12/3/2026 convertible, which has a 12/3/24 lender put option. Selling complex means everyone can row in the same direction, coupled with $23 million of FY 2024 cost savings, and this stock is (super mis-priced), at its current valuation.

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