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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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BuzzFeed's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BuzzFeed's position in the market.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
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Rhea-AI Summary
BuzzFeed, Inc. (BZFD) is set to announce its first quarter 2024 financial results on May 13, 2024, with a conference call hosted by CEO Jonah Peretti and CFO Matt Omer. The company will also participate in the Needham Technology, Media & Consumer Conference on May 16, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.92%
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Rhea-AI Summary
The Independent partners with BuzzFeed, Tasty, Seasoned, and HuffPost in the UK and Ireland to create a digital supergroup. The deal combines leading tech, publishing, and media innovation to offer advertisers and e-commerce groups access to Gen Z and millennial audiences. The partnership aims to provide unrivaled reach and authority across video, web, and social media.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.01%
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partnership
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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Rhea-AI Sentiment
End-of-Day
-0.52%
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
57.99%
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.05%
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none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.05%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.67%
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Rhea-AI Summary
BuzzFeed announces CFO transition and upcoming release of Q3 2023 financial results
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Rhea-AI Sentiment
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1.37%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.24%
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BuzzFeed, Inc.

Nasdaq:BZFD

BZFD Rankings

BZFD Stock Data

60.10M
61.61M
34.63%
31.66%
3.28%
All Other Personal Services
Other Services (except Public Administration)
Link
United States of America
NEW YORK

About BZFD

buzzfeed is an international news and entertainment company that attracts 200m+ monthly unique visitors monthly. buzzfeed covers breaking news, produces original video, and creates content that people want to share on the web.