BUZZFEED INC Stock Price, News & Analysis

HuffPost, a subsidiary of BuzzFeed (BZFD), celebrates its 20th anniversary as a pioneering digital-first news organization. Founded in 2005 by Arianna Huffington, Jonah Peretti, and Kenneth Lerer, HuffPost has evolved from a blog-based news site into a global news platform reaching 60 million monthly global readers. To mark this milestone, the company unveiled a refreshed logo featuring white text on a darker green background with pink accents.

The organization's achievements include a Pulitzer Prize for national reporting, The National Magazine Award, and numerous Webby Awards. As part of the celebration, HuffPost is launching "HuffPost Helps Day," a community service initiative across multiple U.S. cities, engaging staff in volunteer activities at local food banks, shelters, and nonprofits.

BuzzFeed (NASDAQ: BZFD) released its Q1 2025 financial results, showing mixed performance. Total revenue was $36.0 million, down from $37.0 million in Q1 2024. However, advertising revenue grew to $21.4 million (vs $20.9M in Q1 2024), driven by a $2.5M increase in programmatic revenue. The company's net loss improved significantly to $12.5 million from $27.0 million year-over-year, while Adjusted EBITDA loss improved to $5.9 million from $14.4 million. BuzzFeed.com maintained its position as the #1 individual media brand in the US for time spent, with 32.9 million hours in Q1 2025 (up 7% YoY). The company reaffirmed its 2025 outlook, expecting revenue between $195-210 million (3-10% YoY growth) and Adjusted EBITDA of $10-20 million. Notable achievements include AI implementation improving pageviews by 25% and strong performance in programmatic advertising and affiliate commerce.

BuzzFeed (NASDAQ: BZFD) has announced it will release its first quarter 2025 financial results on Thursday, May 8, 2025, after market close. The company will host a conference call at 5:00 PM ET / 2:00 PM PT to discuss the quarterly performance.

CEO Jonah Peretti and CFO Matt Omer will lead the earnings call, which will be accessible via webcast at investors.buzzfeed.com under the News & Events section. A replay will be available at the same location. Interested participants must register for the call in advance.

BuzzFeed (NASDAQ: BZFD) has announced a schedule change for its First Quarter 2025 financial results release, which will now take place on Wednesday, May 7, 2025. This announcement corrects the previous release dated April 21, 2025.

The company will host a conference call at 2:00 PM ET / 11:00 AM PT to discuss the quarterly results. BuzzFeed Founder and CEO Jonah Peretti and CFO Matt Omer will lead the discussion. Interested participants can access the webcast at investors.buzzfeed.com under News & Events, where a replay will also be available. Advanced registration is required for conference call participation.

Fathom Holdings (Nasdaq: FTHM) has appointed Adam Rothstein to its Board of Directors, where he will serve on the Audit Committee, Nominating and Corporate Governance Committee, and newly formed Strategy Committee. Rothstein, 53, brings over 25 years of investment experience as a venture investor specializing in tech, media, entertainment, and medical technology.

As Co-Founder and General Partner of Disruptive Technology Partners and other investment vehicles, Rothstein currently holds board positions at several companies including Buzzfeed (NASDAQ: BZFD) and Reservoir Media (NASDAQ: RSVR). He is also the majority owner of Spanish Football Team CE Sabadell FC.

Rothstein holds a Bachelor of Science in Economics from the Wharton School and a Master of Philosophy in Finance from the University of Cambridge. His appointment aims to enhance Fathom's technology-driven real estate platform and advance long-term growth initiatives.

BuzzFeed (NASDAQ: BZFD) reported its Q4 and full-year 2024 financial results, showing mixed performance in its transformation efforts. Full-year revenue declined 18% to $189.9 million, while net loss improved to $34.0 million from $55.7 million in 2023.

Key highlights include:

• Advertising revenue fell 17% to $94.4 million
• Content revenue decreased 49% to $33.9 million
• Commerce revenue grew 23% to $61.7 million
• Achieved positive Adjusted EBITDA of $5.5 million

The company announced development of BF Island, a new social platform set for Q2 beta testing. For 2025, BuzzFeed projects revenue between $195-210 million (3-10% growth) and Adjusted EBITDA of $10-20 million. The company ended 2024 with $38.6 million in cash, up $3.0 million from 2023.

BuzzFeed has announced plans to launch a new AI-driven social platform aimed at countering what CEO Jonah Peretti calls 'SNARF' - content that thrives on Stakes, Novelty, Anger, Retention, and Fear. The platform is designed to prioritize creativity and joy over manipulation and addiction, marking a significant shift from current social media trends.

The company aims to create an alternative to algorithm-driven platforms that optimize solely for engagement. The new platform will incorporate interactive storytelling, new content formats, and AI tools focused on self-expression and creative exploration. While specific details remain undisclosed, BuzzFeed is offering early access to testers who will help shape the platform's development through their website bfisland.com.

BuzzFeed (NASDAQ: BZFD) has completed the sale of First We Feast to a Soros Fund Management affiliate consortium for $82.5 million in cash. The transaction, combined with partial prepayment of convertible notes, leaves the company with cash exceeding remaining debt. This divestiture completes BuzzFeed's strategic shift toward high-margin, tech-enabled revenue streams: programmatic advertising and affiliate commerce.

The company projects Q4 2024 revenues of $54-58 million and Adjusted EBITDA of $4-9 million from continuing operations. BuzzFeed has removed over $150 million of debt since December 2023. First We Feast was originally acquired as part of Complex Networks in December 2021 for $198 million cash and 2.5 million split-adjusted shares. Complex was sold to NTWRK earlier in 2024 for $108.6 million plus $5.7 million in fees.

BuzzFeed Inc (Nasdaq: BZFD) reported strong Q3 2024 financial results with net income of $2 million and Adjusted EBITDA of $11 million. Total revenue grew 7% year-over-year to $64.3 million, driven by significant growth in affiliate commerce (up 53%) and programmatic advertising (up 9%). Time spent increased 2% year-over-year to 80 million hours. While content revenue declined 7% and advertising revenue fell 3%, commerce and other revenues showed robust growth of 45%. The company achieved its biggest Prime Day performance in July, with growth outpacing Amazon's overall Prime Day results.