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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With the closure of BuzzFeed News and bankruptcy looming at Vice, the once promising world of free digital media finds itself at a crossroads, seeing ad revenues dry up at the same time as disappointed investors begin walking away.

BuzzFeed, Vice woes signal crisis in digital-only media

BuzzFeed was once the empty-calorie, sugary glue that held the internet together. In many ways, BuzzFeed was the perfect name for the peddler of inoffensive listicles and memes; there was a certain endorphin rush associated with coming across the perfect top-10 list for you.

Buzzfeed was valued in the billions

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD), a premier digital media company for the most diverse, most online, and most socially engaged generations the world has ever seen, today announced that its Founder and CEO Jonah Peretti and President Marcela Martin will participate in a fireside chat at the upcoming Needham Technology & Media Conference on Tuesday, May 16, at approximately 9:30 AM ET. Additionally, Founder and CEO Jonah Peretti and Presid.

BuzzFeed, Inc. to Participate in Upcoming Investor Conferences

Vice Media, once valued at over $5.7 billion is preparing to file for bankruptcy as soon as this week. According to the Wall Street Journal, the bankruptcy comes after the company struggled to find a buyer recently.

As Vice Media files for bankruptcy, how safe is Buzzfeed stock?

BuzzFeed's stock has fallen below $1 per share and faces the prospect of delisting unless the stock recovers.

It might be Jonah Peretti's last chance to turn BuzzFeed around

Now a co-founder of Semafor, formerly of Politico, BuzzFeed and the New York Times, the author expertly pulls readers in

Traffic review: Ben Smith on Bannon, BuzzFeed and where it all went wrong

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Lyft

BuzzFeed, Lyft, Whole Foods and Deloitte all recently announced layoffs affecting thousands of US workers. They join a growing list of companies cutting back on their workforce this year amid concerns about economic uncertainty, as well as the need to rightsize after going on a hiring spree during the pandemic.

2023 layoff tracker: The latest on which companies have announced job cuts

Plus we look at Softbank unwinding its investment in Alibaba.

The News About BuzzFeed News Matters More Than You Might Realize

BuzzFeed Inc. (NASDAQ: BZFD) management took a beating as part of a new book by author and editor Ben Smith.

Penny Stock Buzzfeed Could Go Lower

The site will remain online as an archive, alongside the Gawker reboot, the Toast, and a host of other defunct outlets

The digital graveyard: BuzzFeed News joins sites hanging on in eerie afterlife

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Here are seven major companies whose stocks moved on the week's news.

AT&T, Netflix, BuzzFeed: Stocks That Defined the Week

Two digital media organizations have reportedly made job cuts. Buzzfeed is shutting its news operation and eliminating 180 jobs, while Insider is cutting 10% of its staff, Bloomberg reported Thursday (April 20).

Buzzfeed and Insider Reportedly Cutting Jobs Amid Advertising Slowdowns

Pulitzer Prize winning digital media company BuzzFeed will shut down its news division and cut another 15% of its staff across the company, adding to layoffs made earlier this year.

BuzzFeed to close news division, cut 15% of all staff

BuzzFeed News, a pioneer of the digital news landscape over the past decade, will shut down, the company's CEO said in a memo to staff Thursday morning, noting the business model of news tailored for social media had become too difficult to sustain.

BuzzFeed News Shutting Down

Buzzfeed CEO Jonah Peretti said the company is shutting down its news division as part of a 15% workforce reduction affecting 180 jobs.

Buzzfeed Shares Fall 20% After It Shuts Down News Business

In another sign of the disjointed economic recovery following the Covid-19 pandemic, internet media firm BuzzFeed (NASDAQ: BZFD ) is suffering a steep market loss today. According to a CNBC report, an internal memo revealed that the company will lay off 15% of its staff.

BuzzFeed Layoffs 2023: What to Know About the Latest BZFD Job Cuts

Buzzfeed Inc (NASDAQ:BZFD) has shut down its News division has been shut down as part of a move that saw its parent company slash 15% of its workforce Thursday.  BuzzFeed CEO Jonah Peretti announced the decision in an email to staff, according to reports.

BuzzFeed News shuttered in significant workforce reduction

Chief executive Jonah Peretti says in company-wide email BuzzFeed ‘can no longer continue to fund BuzzFeed News'

BuzzFeed News to close and parent company to make substantial layoffs

Chief revenue officer and chief operating officer will depart as media company faces ongoing challenges.

BuzzFeed Moves to Close BuzzFeed News, Lays Off 15% of Staff

Buzzfeed Inc is in focus on Thursday after CEO Jonah Peretti revealed that the company is closing its news unit. Peretti also disclosed that the Nasdaq-listed firm has decided to lay off about 15% of its employees.

Buzzfeed is closing its news division

BuzzFeed Inc. BZFD, -21.85% said Thursday it was laying off about 15% of its workforce and winding down BuzzFeed News as a standalone company as founder and Chief Executive Jonah Peretti said the company has faced “more challenges than I can count in the past few years.” Chief Revenue Officer Edgar Hernandez and Chief Operating Officer Christian Baesler will leave, the company said.

BuzzFeed to lay off 15% of staff, shut down BuzzFeed News

"Moving forward, we will have a single news brand in HuffPost, which is profitable, with a loyal direct front page audience," CEO Jonah Peretti wrote.

BuzzFeed News shuts down as parent company lays off 15% of staffers

BuzzFeed News, which earned as reputation as a scrappy news-breaking digital rival to legacy media brands, is shutting down.

BuzzFeed News To Shut Down As Digital Media Company Cuts Workforce By 15%

BuzzFeed will lay off 15% of staff and will shut down its news unit, BuzzFeed CEO Jonah Peretti wrote in an email to staff Thursday.

News for Buzzfeed Stock (BZFD)