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BuzzFeed, Inc. - BZFD STOCK NEWS

Welcome to our dedicated page for BuzzFeed news (Ticker: BZFD), a resource for investors and traders seeking the latest updates and insights on BuzzFeed stock.

BuzzFeed, Inc. (BZFD) is an international news and entertainment company that attracts over 200 million unique visitors monthly. As a tech-powered, diversified media company, BuzzFeed reaches hundreds of millions globally through its cross-platform news and entertainment network. The company produces a wide range of engaging content, including articles, lists, quizzes, videos, and original series.

Under its various brands, BuzzFeed generates lifestyle content via Tasty, a leading social food network, and delivers original reporting and investigative journalism through BuzzFeed News and HuffPost. Additionally, BuzzFeed Commerce focuses on strategic partnerships, licensing, and product development, further expanding the company's reach and influence.

BuzzFeed Studios is responsible for creating original productions across multiple platforms, including broadcast, cable, SVOD, film, and digital. These diverse and dynamic offerings make BuzzFeed a prominent player in the digital media landscape.

BuzzFeed continues to innovate and adapt to the evolving media landscape, maintaining a strong financial condition through its varied revenue streams and strategic initiatives. The company's ability to produce content that resonates with a global audience ensures its ongoing relevance and growth potential.

With a commitment to producing shareable and impactful content, BuzzFeed has cemented its position as a key player in both the news and entertainment sectors, continually attracting a broad audience and forming valuable partnerships.

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News

BuzzFeed, Inc. Makes Strategic & Organizational Changes to Improve Profitability After Challenging Q4 and Full Year 2023

Rhea-AI Summary
BuzzFeed, Inc. focuses on high-margin revenue streams and owned properties, strengthening the balance sheet for a 2024 sale. The fourth-quarter and full-year financial results met revised outlook but missed initial expectations. Strategic changes are expected to drive future growth.
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BuzzFeed, Inc. Announces Sale of Complex to NTWRK in All-Cash Deal

Rhea-AI Summary
BuzzFeed, Inc. (BZFD) closes the sale of Complex to NTWRK in an all-cash deal of $108.6 million, with additional proceeds of $5.7 million. The divestiture aims to enhance profitability, focus on core brands like BuzzFeed, HuffPost, and Tasty, and drive annualized cost savings of approximately $23 million through a strategic restructuring. The sale enables debt reduction, balance sheet strengthening, and operational optimization. Financial guidance for Q4 2023 shows revenue expectations of $73-78 million and Adjusted EBITDA of $15-20 million on a continuing operations basis.
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BuzzFeed Studios And Acast Launch New Podcast, “I Know That’s Right” Presented By HuffPost

Rhea-AI Summary
BuzzFeed, Inc. and Acast are partnering to debut a new podcast series titled I Know That’s Right. The weekly show, presented by HuffPost and hosted by Taryn Finley, provides a rundown of the latest in culture, entertainment, and trending conversations. Advertisers can connect with the show through host-read sponsorship campaigns or dynamically inserted ads. The podcast will be available on all major podcast platforms.
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BuzzFeed, Inc. Announces Third Quarter 2023 Financial Results

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BuzzFeed, Inc. announced its financial results for Q3 2023. The company reported revenues of $73.3 million, a decline of 29% compared to the same period last year. Advertising revenue declined by 35% to $32.6 million, while content revenue declined by 32% to $26.2 million. The net loss for the quarter was $13.9 million, and Adjusted EBITDA was $3.1 million. Time spent on BuzzFeed decreased by 19% year-over-year to 92 million hours. The company expects overall revenues in the range of $99 to $110 million and Adjusted EBITDA in the range of $20 to $30 million for Q4 2023.
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First We Feast Wins New York Emmy For ‘Hungry For More: The Movement To Save New York’s Chinatown’

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First We Feast has won a New York Emmy for its documentary, Hungry For More: The Movement to Save New York’s Chinatown. The documentary highlights the struggles faced by small businesses in New York City's Chinatown and the efforts to preserve them. Executive Producers include Nicola Linge, Chris Schonberger, Justin Bolois, Danny Lee, Sharlene Chiu, and Gene Lee.
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BuzzFeed, Inc. Announces Chief Financial Officer Succession Plan

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BuzzFeed announces CFO transition and upcoming release of Q3 2023 financial results
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ComplexCon 2023 Unveils New Experiences from Returning Title Sponsors eBay, Espolòn Tequila, and Toyota

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eBay, Espolòn Tequila, and Toyota announced as returning title sponsors for ComplexCon 2023, a festival of the future. eBay will highlight its authentic fashion and collectible goods. Espolòn Tequila will debut a unique Día de los Muertos experience. Toyota supports HBCUs. CACTUS PLANT FLEA MARKET named Artistic Director. VIP and general admission tickets available.
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BuzzFeed Studios And Acast Launch New Podcast, “Am I Doing It Wrong?” Presented By HuffPost

Rhea-AI Summary
BuzzFeed and Acast partner to debut the podcast series Am I Doing It Wrong?. The show, presented by HuffPost, explores anxieties about getting life right. Each episode features experts and guests discussing topics like saying sorry and online dating. Acast will distribute the podcast across all platforms.
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BuzzFeed, Inc. Announces Second Quarter 2023 Financial Results

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L.A. Chargers & First We Feast Announce Season Two of Partnership Featuring Truth or Dab Series

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FAQ

What is the current stock price of BuzzFeed (BZFD)?

The current stock price of BuzzFeed (BZFD) is $2.91 as of December 20, 2024.

What is the market cap of BuzzFeed (BZFD)?

The market cap of BuzzFeed (BZFD) is approximately 115.9M.

What does BuzzFeed, Inc. do?

BuzzFeed, Inc. is an international news and entertainment company producing articles, videos, quizzes, original series, and investigative journalism.

What are some of BuzzFeed’s notable brands?

Notable brands include Tasty (social food network), BuzzFeed News, and HuffPost, offering diverse content from lifestyle to investigative journalism.

How does BuzzFeed generate revenue?

BuzzFeed generates revenue through advertising, strategic partnerships, affiliate marketing, licensing, and product development via BuzzFeed Commerce.

What is BuzzFeed Studios?

BuzzFeed Studios is responsible for creating original productions across broadcast, cable, SVOD, film, and digital platforms.

How many unique visitors does BuzzFeed attract monthly?

BuzzFeed attracts over 200 million unique visitors monthly.

Where can I find BuzzFeed's original reporting and investigative journalism?

BuzzFeed's original reporting and investigative journalism can be found through BuzzFeed News and HuffPost.

What type of content is BuzzFeed known for?

BuzzFeed is known for producing articles, lists, quizzes, videos, and original series that are widely shared on the web.

What role does Tasty play in BuzzFeed’s offerings?

Tasty is BuzzFeed’s social food network, providing engaging lifestyle content focused on food.

What is the significance of BuzzFeed's cross-platform network?

BuzzFeed's cross-platform network allows it to reach a global audience through various forms of media, enhancing its influence and engagement.

How does BuzzFeed stay relevant in the evolving media landscape?

BuzzFeed stays relevant by continually innovating, producing shareable content, and forming strategic partnerships to reach a broad audience.

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BuzzFeed, Inc.

Nasdaq:BZFD

BZFD Rankings

#4302 Ranked by Market Cap
N/A Ranked by Dividends

BZFD Stock Data

115.90M
23.41M
36.02%
25.54%
1.47%
Internet Content & Information
Communications Services, Nec
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United States of America
NEW YORK