BUZZFEED INC Stock Price, News & Analysis

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.

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.