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.
Latest News:
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BuzzFeed, Inc. (NASDAQ: BZFD) will announce its second quarter 2022 financial results on August 9, 2022, after market close. CEO Jonah Peretti and CFO Felicia DellaFortuna will host a conference call at 5:00 PM ET to discuss the results. The call can be accessed via a webcast on the BuzzFeed investors' site or by phone at 833-634-1260 (toll-free) or 412-317-6021 (international). A replay will be available afterward.
BuzzFeed, Inc. (Nasdaq: BZFD) announced a Q1 2022 revenue increase of 26% year-over-year, reaching $92 million, with advertising and content revenues both performing well. Content revenue surged 65% to $32.3 million, while commerce revenue fell 27% to $10.6 million. The net loss widened to $44.6 million from $11.3 million in Q1 2021. Adjusted EBITDA loss increased to $16.8 million. Looking ahead, BuzzFeed anticipates revenue growth in the low 20s percentage range for Q2 2022 and expects Adjusted EBITDA between $2 to $7 million.
BuzzFeed, Inc. (NASDAQ: BZFD) announced the appointment of Marcela Martin as President, bringing over 25 years of experience in financial and operational roles. Currently CFO at Squarespace, Martin is set to oversee all administrative functions at BuzzFeed, starting this summer. Her expertise includes public company operations and executing transactions, which CEO Jonah Peretti believes will be key to the company's growth and profitability. BuzzFeed plans to report its first quarter results on May 16, 2022.
BuzzFeed, Inc. (NASDAQ: BZFD) has launched multiple new initiatives at its inaugural Upfront event in Manhattan aimed at enhancing partnerships with advertisers. Key announcements include the introduction of the Catalyst creator network, comprising over 100 creators, the launch of the UpShots vertical video ad product, and the expansion of Lighthouse for audience insights. The event also featured plans for the 'Eat Your Feed Festival' and the relaunch of HuffPost Voices.
These initiatives position BuzzFeed as a dynamic platform for reaching Gen Z and Millennial audiences.
BuzzFeed, Inc. (NASDAQ: BZFD) announces participation in key investor conferences, including the 17th Annual Needham Technology & Media Conference on May 17-18, 2022, and the 19th Annual Craig-Hallum Institutional Investor Conference (virtual) on June 1, 2022. CEO Jonah Peretti and CFO Felicia DellaFortuna will host meetings at these events. Additionally, Peretti will engage in a fireside chat at the Cowen 50th Annual Technology, Media & Telecom Conference on the same date. A live webcast will be available on the Investor Relations website.
BuzzFeed, Inc. (NASDAQ: BZFD) will release its Q1 2022 financial results on May 16, 2022, after market close. Founder and CEO Jonah Peretti and CFO Felicia DellaFortuna will host a conference call at 5:00 PM ET to discuss the results. A webcast will be available on investors.buzzfeed.com. BuzzFeed, established in 2006, is committed to producing trusted news and entertainment, dedicated to inclusivity and creativity for its audience.
BuzzFeed, Inc. (Nasdaq: BZFD) reported a 24% year-over-year revenue growth for 2021, totaling $398 million. The company achieved profitability, with net income up 132% to $25.9 million. Key revenue drivers included a 37% increase in advertising revenue, reaching $205.8 million, and a 19% growth in commerce revenue to $61.6 million. However, Q4 revenues rose only 18% to $145.7 million, with a 26% decline in commerce revenue. Looking ahead to Q1 2022, revenues are expected to decrease slightly on a pro forma basis.
BuzzFeed, Inc. (NASDAQ: BZFD) will report its fourth quarter and full year 2021 financial results on March 22, 2022, before market opening. CEO Jonah Peretti and CFO Felicia DellaFortuna will discuss the results during a conference call at 8:30 AM ET, accessible via webcast. This marks BuzzFeed's first earnings call as a publicly traded entity following its recent acquisitions, including Complex Networks in December 2021 and HuffPost in February 2021.
BuzzFeed, Inc. (NASDAQ: BZFD) has appointed Christian Baesler as Chief Operating Officer while he continues as CEO of Complex Networks. Baesler brings extensive operational experience, previously leading Complex Networks since 2018 and holding senior roles at Bauer Media Group. His appointment aims to enhance BuzzFeed's revenue functions and accelerate the integration of Complex Networks. He will oversee a team including Edgar Hernandez, Ken Blom, Nilla Ali, and Richard Alan Reid, reporting directly to founder Jonah Peretti.
BuzzFeed, Inc. becomes the first publicly traded purely digital media company, trading on Nasdaq under the ticker symbols BZFD and BZFDW. This follows the completion of its business combination with 890 5th Avenue Partners, and acquisition of Complex Networks. The company now features brands like BuzzFeed, HuffPost, and Tasty. CEO Jonah Peretti expressed gratitude to contributors and emphasized future growth opportunities. The first trading day included interactive content and promotions, showcasing BuzzFeed's blend of internet culture and media.
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