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. (NASDAQ: BZFD) is a tech-powered digital media company whose disclosures highlight a focus on entertainment, news, food, pop culture, and commerce content. Its brands aim to influence what audiences watch, read, and buy across the internet, with particular emphasis on Gen Z and Millennial engagement and direct relationships through owned and operated sites and apps.
This BuzzFeed news page aggregates company-specific updates, including quarterly earnings releases, financial outlooks, and commentary from management on strategy, profitability, and audience trends. Investors and observers can review how BuzzFeed reports performance across its three main revenue lines—Advertising, Content, and Commerce and other—as well as updates on Time Spent, audience loyalty, and traffic diversification.
BuzzFeed’s recent news has covered topics such as growth in programmatic advertising and organic affiliate commerce, the evolution of its Studio business and feature film projects, and the use of AI-assisted tools to support editorial output and new content formats. The company also issues press releases on capital structure actions, including loan arrangements and debt repayment, and on product and platform initiatives like the development of BF Island, an AI-native social platform.
By following this page, readers can review BuzzFeed’s official press releases, conference call announcements, and other Business Wire and SEC-linked communications in one place. The feed offers a structured view of how the company describes its strategy, financial performance, and product roadmap over time.
BuzzFeed (Nasdaq: BZFD) announced its first quarter 2024 financial results, aligning with its March outlook. Revenue fell to $44.8 million, an 18% year-over-year decline, with advertising and content revenues down 22% and 19% respectively. The net loss from continuing operations improved slightly to $26.6 million from $29.4 million in Q1 2023, while adjusted EBITDA loss saw a $7 million improvement to $11.3 million. Despite these financial declines, direct traffic to BuzzFeed's owned properties increased by 3% compared to Q4, and engagement among loyal users deepened. BuzzFeed's programmatic advertising revenue grew for the third consecutive quarter, and the introduction of the AI Content Generator showed significant user engagement. Second quarter 2024 revenue is projected to be between $44 and $49 million, a 21% to 30% year-over-year decline, with adjusted EBITDA ranging from a $4 million loss to a $1 million gain.
BuzzFeed, Inc. announced a 1-for-4 reverse stock split of its Class A and Class B common stock to ensure continued listing on Nasdaq. The split will be effective on May 6, 2024, to increase the bid price of the company's common stock. The reverse split will not change the total authorized number of shares but will reduce outstanding shares significantly. Additional adjustments will be made to warrants, options, and other stock-related instruments.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of BUZZFEED (BZFD)?
What is the market cap of BUZZFEED (BZFD)?
