BuzzFeed, Inc., a tech-powered media company, provides breaking news, original reporting, entertainment, and videos across the social Web to its global audience. It also provides cross-platform network such as BuzzFeed Originals, which creates articles, lists, quizzes, and videos; BuzzFeed Media, comprises a portfolio of identity-driven lifestyle brands that includes Nifty, Goodful, As/Is, and Tasty; BuzzFeed Studios, that produces original content across broadcast, cable, film, and digital platforms; BuzzFeed News, which includes reporting and investigative journalism; and BuzzFeed Commerce, which develops social commerce products and experiences, licensing, and other strategic partnerships. The company is based in Rye, New York.
IPO Year: 2021
Exchange: NASDAQ
Website: https://www.buzzfeed.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/22/2022 | $3.00 → $2.00 | Outperform → Market Perform | Cowen |
| 8/11/2022 | $4.50 → $2.00 | Neutral → Underperform | BofA Securities |
| 2/4/2022 | $5.00 | Neutral | BofA Securities |
| 1/12/2022 | $7.50 | Buy | Craig Hallum |
| 1/10/2022 | $7.00 | Outperform | Cowen |
Post-Transaction the Company is Operating with a Cash Balance that Exceeds Remaining Debt 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. The divestiture of First We Feast completes the Company's strategic shift away from lower-margin content products, all
Affiliate Commerce Revenues Grew 53% Year-Over-Year, Including BuzzFeed's Biggest Prime Day Ever in July Programmatic Advertising Revenues Grew 9% Year-Over-Year BuzzFeed, Inc. Led Its Competitive Set In Audience Time Spent, Growing versus Q2 and Last Year to Reach 80 Million Hours, according to Comscore1 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 stron
Company to Participate in Craig-Hallum Alpha Select Conference on Tuesday, November 19, 2024 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. The financial results conference call will be available via webcast at investors.buzzfeed.com under the heading News & Events. A replay of the call will be made available at the same URL. To participate in the conference call, interested parties must register in advance. The company will also host one-on-o
Programmatic Advertising Revenues Grew 3% Year-Over-Year Affiliate Commerce Revenues Grew 9% Year-Over-Year BuzzFeed, Inc. was the Only Digital Media Company in Competitive Set to Grow Audience Time Spent in Q2 Versus Q1, according to Comscore1 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 Advert
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. The financial results conference call will be available via webcast at investors.buzzfeed.com under the heading News & Events. A replay of the call will be made available at the same URL. To participate in the conference call, interested parties must register in advance. About BuzzFeed, Inc. BuzzFeed, Inc. is home to the best of the Internet. Across pop culture, entertainment, shopping, food and news, our bra
Company Completes Transformation to O&O-Led Platform Flagship BuzzFeed Properties Show Early Momentum with 3% Growth In Direct Traffic Versus Q4 BuzzFeed, Inc1.'s (NASDAQ:BZFD) reported first quarter (ended March 31, 2024) financial results in line with the company's outlook shared on March 25, 2024. "We closed the first quarter of 2024 with exciting momentum in our business, completing the biggest step in our transformation, which was to refocus the company on our owned and operated sites and apps, and away from the platform-dependent model of distribution," said Jonah Peretti, BuzzFeed Founder & CEO. "Today, our direct audience is our largest source of traffic to BuzzFeed's websites
Company to Participate in Needham Technology, Media & Consumer Conference on Thursday, May 16, 2024 BuzzFeed, Inc. (NASDAQ:BZFD) today announced plans to release first quarter 2024 financial results on Monday, May 13, 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. The financial results conference call will be available via webcast at investors.buzzfeed.com under the heading News & Events. A replay of the call will be made available at the same URL. To participate in the conference call, interested parties must register in advance. The company will also host one-on-one meetin
Company Renews Focus on High-Margin Revenue Streams and Owned & Operated Properties and Strengthens Balance Sheet for 2024 Sale of Complex Marks an Important Milestone for BuzzFeed, Inc. BuzzFeed, Inc.'s ("BuzzFeed" or the "Company") (NASDAQ:BZFD) fourth quarter and full year (ended December 31, 2023) financial results were in line with its revised outlook shared in February, but fell short of its initial expectations. Looking ahead, following key strategic organizational changes, BuzzFeed is optimistic about 2024 with a commitment to high-margin revenue streams and a renewed focus on its owned and operated websites and apps. "Three months into 2024, it's clear BuzzFeed and digital me
Cash Proceeds from Sale Enable BuzzFeed, Inc. to Strengthen Balance Sheet, Reduce Debt and Improve Liquidity Company Also Announces Plans for Strategic Restructuring to Drive Annualized Cost Savings of Approximately $23M BuzzFeed, Inc. (NASDAQ:BZFD) today announced the closing of its sale of Complex to NTWRK to form a new and wide-ranging destination for the future of commerce and media, in an $108.6 million all cash deal. In addition to the $108.6 million purchase price, the company received approximately $5.7 million related to the use of the company's NY offices and severance- and other employment-related costs. Refer to the Company's 8-K filed with the SEC on February 21, 2024 for a
BuzzFeed, Inc. ("BuzzFeed" or the "Company") (NASDAQ:BZFD), a premier digital media company for the most diverse, most online, and most socially engaged generations the world has ever seen, today announced financial results for the third quarter ended September 30, 2023. "We've taken significant steps to combat the ongoing traffic and monetization challenges facing digital media companies. We continue to be laser-focused on driving traffic directly to our owned and operated websites and apps in order to reduce our dependence on the major tech platforms for audience traffic, improve monetization and pivot our business to adjust to the new realities of an altered digital media landscape," s
SC 13G/A - BuzzFeed, Inc. (0001828972) (Subject)
SC 13G/A - BuzzFeed, Inc. (0001828972) (Subject)
SC 13D/A - BuzzFeed, Inc. (0001828972) (Subject)
SC 13D/A - BuzzFeed, Inc. (0001828972) (Subject)
SC 13D/A - BuzzFeed, Inc. (0001828972) (Subject)
SC 13D/A - BuzzFeed, Inc. (0001828972) (Subject)
SC 13G/A - BuzzFeed, Inc. (0001828972) (Subject)
SC 13G/A - BuzzFeed, Inc. (0001828972) (Subject)
SC 13G/A - BuzzFeed, Inc. (0001828972) (Subject)
SC 13D/A - BuzzFeed, Inc. (0001828972) (Subject)
4 - BuzzFeed, Inc. (0001828972) (Issuer)
4 - BuzzFeed, Inc. (0001828972) (Issuer)
4 - BuzzFeed, Inc. (0001828972) (Issuer)
4 - BuzzFeed, Inc. (0001828972) (Issuer)
4 - BuzzFeed, Inc. (0001828972) (Issuer)
4 - BuzzFeed, Inc. (0001828972) (Issuer)
4 - BuzzFeed, Inc. (0001828972) (Issuer)
4 - BuzzFeed, Inc. (0001828972) (Issuer)
4 - BuzzFeed, Inc. (0001828972) (Issuer)
4 - BuzzFeed, Inc. (0001828972) (Issuer)
Cowen downgraded BuzzFeed from Outperform to Market Perform and set a new price target of $2.00 from $3.00 previously
BofA Securities downgraded BuzzFeed from Neutral to Underperform and set a new price target of $2.00 from $4.50 previously
BofA Securities initiated coverage of BuzzFeed with a rating of Neutral and set a new price target of $5.00
Craig Hallum initiated coverage of BuzzFeed with a rating of Buy and set a new price target of $7.50
Cowen initiated coverage of BuzzFeed with a rating of Outperform and set a new price target of $7.00
Weekly Podcast Hosted By Raj Punjabi And Noah Michelson Premieres September 21, 2023 BuzzFeed, Inc. (NASDAQ:BZFD), a premier digital media company, and Acast, the world's largest independent podcast company, are partnering to debut a new podcast series titled Am I Doing It Wrong?. The weekly show, presented by HuffPost, the award-winning digital news organization and hosted by HuffPost's Raj Punjabi and Noah Michelson, explores the all-too-human anxieties we have about trying to get our lives right. Every week on the podcast, hosts Raj Punjabi and Noah Michelson choose a different topic – from saying sorry to tipping to online dating – and enlist experts and guests with big opinions to
Post-Transaction the Company is Operating with a Cash Balance that Exceeds Remaining Debt 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. The divestiture of First We Feast completes the Company's strategic shift away from lower-margin content products, all
Affiliate Commerce Revenues Grew 53% Year-Over-Year, Including BuzzFeed's Biggest Prime Day Ever in July Programmatic Advertising Revenues Grew 9% Year-Over-Year BuzzFeed, Inc. Led Its Competitive Set In Audience Time Spent, Growing versus Q2 and Last Year to Reach 80 Million Hours, according to Comscore1 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 stron
Company to Participate in Craig-Hallum Alpha Select Conference on Tuesday, November 19, 2024 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. The financial results conference call will be available via webcast at investors.buzzfeed.com under the heading News & Events. A replay of the call will be made available at the same URL. To participate in the conference call, interested parties must register in advance. The company will also host one-on-o
Programmatic Advertising Revenues Grew 3% Year-Over-Year Affiliate Commerce Revenues Grew 9% Year-Over-Year BuzzFeed, Inc. was the Only Digital Media Company in Competitive Set to Grow Audience Time Spent in Q2 Versus Q1, according to Comscore1 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 Advert
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. The financial results conference call will be available via webcast at investors.buzzfeed.com under the heading News & Events. A replay of the call will be made available at the same URL. To participate in the conference call, interested parties must register in advance. About BuzzFeed, Inc. BuzzFeed, Inc. is home to the best of the Internet. Across pop culture, entertainment, shopping, food and news, our bra
Founder and CEO Jonah Peretti Shifts to Majority Stock-Based Compensation Package Company Introduces Stock Incentives for Senior Leaders at Current Strike Price, Ensuring Benefits are Tied to Value Creation BuzzFeed, Inc. (NASDAQ:BZFD) today announced its go-forward model for employee equity compensation and incentives. BuzzFeed founder and CEO Jonah Peretti is leading the way for this change, taking the majority of his compensation as a stock-based package—at the money options—and removing the bulk of his cash based-compensation. The company is also extending stock incentives to senior executives across the organization. The strategic move provides stock options with a strike price
Company Completes Transformation to O&O-Led Platform Flagship BuzzFeed Properties Show Early Momentum with 3% Growth In Direct Traffic Versus Q4 BuzzFeed, Inc1.'s (NASDAQ:BZFD) reported first quarter (ended March 31, 2024) financial results in line with the company's outlook shared on March 25, 2024. "We closed the first quarter of 2024 with exciting momentum in our business, completing the biggest step in our transformation, which was to refocus the company on our owned and operated sites and apps, and away from the platform-dependent model of distribution," said Jonah Peretti, BuzzFeed Founder & CEO. "Today, our direct audience is our largest source of traffic to BuzzFeed's websites
Move Aims to Ensure Continued Listing on Nasdaq BuzzFeed, Inc. (NASDAQ:BZFD) today announced that its Board of Directors and shareholders approved a 1-for-4 reverse stock split of the company's Class A common stock, par value $0.0001 per share, and Class B common stock, par value $0.0001 per share, which will be effective at 12:01am EST on May 6, 2024. BuzzFeed's Class A common stock will continue to be traded on The Nasdaq Capital Market on a split-adjusted basis beginning on May 6, 2024, under the Company's existing trading symbol "BZFD." The reverse stock split is intended to increase the bid price of the Company's Class A common stock so that BuzzFeed, Inc. can regain compliance wit
Company to Participate in Needham Technology, Media & Consumer Conference on Thursday, May 16, 2024 BuzzFeed, Inc. (NASDAQ:BZFD) today announced plans to release first quarter 2024 financial results on Monday, May 13, 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. The financial results conference call will be available via webcast at investors.buzzfeed.com under the heading News & Events. A replay of the call will be made available at the same URL. To participate in the conference call, interested parties must register in advance. The company will also host one-on-one meetin
Supergroup of digital media pioneers created as The Independent partners with BuzzFeed, Tasty, Seasoned and HuffPost in UK and Ireland Groundbreaking deal combines industry-leading tech, publishing and media innovation in combined editorial and commercial operations Audience network delivers unprecedented opportunity for advertisers and e-commerce groups to reach Gen Z and millennial audiences in premium publisher environments across video, web and social media Independent Digital News and Media Ltd ("The Independent") and BuzzFeed, Inc. (NASDAQ:BZFD) today announced they have entered into a multi-year license and strategic partnership. The deal brings together the globally renowned b
8-K - BuzzFeed, Inc. (0001828972) (Filer)
10-Q - BuzzFeed, Inc. (0001828972) (Filer)
8-K - BuzzFeed, Inc. (0001828972) (Filer)
8-K - BuzzFeed, Inc. (0001828972) (Filer)
10-Q - BuzzFeed, Inc. (0001828972) (Filer)
8-K - BuzzFeed, Inc. (0001828972) (Filer)
8-K - BuzzFeed, Inc. (0001828972) (Filer)
424B5 - BuzzFeed, Inc. (0001828972) (Filer)
SCHEDULE 13D/A - BuzzFeed, Inc. (0001828972) (Subject)
8-K - BuzzFeed, Inc. (0001828972) (Filer)