About BuzzFeed, Inc. - Class A Common Stock (BZFD)
BuzzFeed, Inc. is a digital media company that specializes in creating engaging and shareable content across various platforms. It combines entertainment, news, and innovative storytelling to captivate online audiences, leveraging social media to distribute its articles, quizzes, and videos. With a focus on millennial and Gen Z consumers, BuzzFeed also encompasses a range of brands and verticals, including food, lifestyle, and pop culture, while engaging users through interactive features and a strong community-driven approach. The company has developed a distinct identity in the digital landscape by harnessing the power of internet culture and trends to drive its content strategy. Read More
As the regular session of the US market on Thursday comes to an end, let's delve into the after-hours session and discover the top gainers and losers shaping the post-market sentiment.
BuzzFeed, Inc.’s (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) fourth quarter and full year (ended December 31, 2024) financial results were in line with its outlook shared in December, demonstrating progress in stabilizing operations and positioning the business for long-term growth. Following a strategic transformation in 2024, BuzzFeed is optimistic about the year ahead and is committed to bettering operational efficiency and improving monetization across the Company’s owned and operated sites and apps.
Today, BuzzFeed announced a new social platform designed to bring joy and creativity back to the internet. The digital media pioneer introduced a strategy to counter tech platforms’ unchecked influence over an internet increasingly fueled by misinformation, addiction, and negativity. At the heart of the strategy is a commitment to human creativity and a reinvention of how content is created and shared.
BuzzFeed shares are trading lower by 11.7% during Thursday's session. The company announced the sale of First We Feast to an affiliate of Soros Fund Management.
BuzzFeed, Inc. (Nasdaq: BZFD) (the “Company”) today announced the closing of its sale of First We Feast to a consortium led by an affiliate of Soros Fund Management LLC in an $82.5 million all-cash deal. The proceeds of the transaction combined with a partial prepayment of the Company’s outstanding convertible notes has the Company operating with a cash balance that exceeds its remaining debt. Refer to the Company’s 8-K filed with the SEC on December 12, 2024 for additional details.
BuzzFeed, Inc. (Nasdaq: BZFD) reported improved year-over-year profitability in the third quarter (ended September 30, 2024) generating net income from continuing operations of $2 million and Adjusted EBITDA2 of $11 million, near the high end of the Company’s outlook shared on August 12, 2024. Third quarter revenues exceeded the Company’s outlook, growing 7% year-over-year, with strong growth in two of BuzzFeed, Inc.’s largest and highest-margin revenue streams - Affiliate Commerce and Programmatic Advertising.
BuzzFeed, Inc. (NASDAQ: BZFD) today announced plans to release third quarter 2024 financial results on Tuesday, November 12, 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 / 2:00 PM PT.
BuzzFeed, Inc. (Nasdaq: BZFD) reported improved second quarter (ended June 30, 2024) net loss from continuing operations as compared to the prior-year period, and Adjusted EBITDA2 ahead of the Company’s outlook shared on May 13, 2024 and reiterated on July 3, 2024. Second quarter revenues were in line with the Company’s outlook, with year-over-year growth in two of BuzzFeed, Inc.’s largest and highest-margin revenue streams - Programmatic Advertising and Affiliate Commerce.
BuzzFeed, Inc. (NASDAQ: BZFD) today announced plans to release second quarter 2024 financial results on Monday, August 12, 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.
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