BUZZFEED INC Stock Price, News & Analysis

BuzzFeed, Inc. (NASDAQ: BZFD) has reaffirmed its fourth quarter 2022 financial outlook following a cost restructuring plan to address macroeconomic headwinds. The company anticipates revenues between $129 million and $134 million and Adjusted EBITDA of $12.5 million to $17.5 million. CEO Jonah Peretti emphasized that this restructuring aims to enhance operational efficiency and drive future growth.

BuzzFeed, Inc. (Nasdaq: BZFD) reported Q3 2022 results, with revenues of $103.7 million, up 15% year-over-year. Advertising revenue was flat at $50.4 million, while content revenue surged 45% to $38.4 million. Despite growth, the company posted a net loss of $27 million, worsening from a $3.6 million loss in Q3 2021. Adjusted EBITDA showed a loss of $2.4 million compared to a gain of $6 million last year. BuzzFeed anticipates Q4 revenues between $129 million and $134 million, with Adjusted EBITDA projected at $12.5 to $17.5 million, highlighting a focus on cash preservation amidst a shifting advertising landscape.

BuzzFeed, Inc. (NASDAQ: BZFD) is set to release its third quarter 2022 financial results on November 14, 2022, post-market close. Following the announcement, CEO Jonah Peretti, President Marcela Martin, and CFO Felicia DellaFortuna will host a conference call at 5:00 PM ET to discuss the results. Investors can access the call via webcast or join by phone. BuzzFeed aims to provide quality news and entertainment, engaging a diverse audience globally.

BuzzFeed, Inc. (NASDAQ: BZFD) announced that Founder and CEO Jonah Peretti, President Marcela Martin, and CFO Felicia DellaFortuna will present at the Sidoti Small-Cap Virtual Investor Conference on September 22 at 1:45 PM ET. Investors can register for the presentation and schedule one-on-one meetings through www.sidoti.com/events. A live webcast and replay will be available on BuzzFeed's Investor Relations site at investors.buzzfeed.com. BuzzFeed aims to inspire and engage audiences across various digital content platforms.

BuzzFeed, Inc. (NASDAQ: BZFD) announced its participation in the BofA Securities 2022 Media, Communications and Entertainment Conference. Founder and CEO Jonah Peretti, President Marcela Martin, and CFO Felicia DellaFortuna will engage in meetings and a fireside chat on September 7 at 7:30 PM ET. A live webcast and replay will be available on BuzzFeed's Investor Relations website. The company, known for its rich digital content, aims to provide quality news and entertainment to a diverse audience.

BuzzFeed reported Q2 2022 revenue of $107 million, a 20% year-over-year increase, marking the highest Q2 revenue ever. Advertising revenue rose by 11% to $53.2 million, while content revenue surged 66% to $40.3 million. However, commerce revenues fell 22% to $13.3 million, and the net loss widened to $23.6 million from $0.8 million in Q2 2021. Adjusted EBITDA decreased to $2.1 million. For Q3 2022, the company anticipates revenue growth of 4-8% but expects EBITDA losses between $5-10 million.

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.