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 |
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
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
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
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
Company to Release Third Quarter 2023 Financial Results on Thursday, November 2, 2023 BuzzFeed, Inc. ("BuzzFeed" or the "Company") (NASDAQ:BZFD) today announced that its Chief Financial Officer, ("CFO") Felicia DellaFortuna, will be leaving the company before the end of November to pursue a new opportunity. Matt Omer, currently Executive Vice President of Finance and Treasurer, was appointed by the Company's Board of Directors as the next CFO and will succeed DellaFortuna on November 6, 2023. Omer has been at BuzzFeed since 2019, leading Finance and Treasury — and serving as a critical partner to DellaFortuna through all recent transactions. Before joining the company, Omer was COO & CF
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LOST iN, the premier media brand built to inspire the next generation of travel enthusiasts, today announced the acquisition of BuzzFeed's Bring Me!, among the first and largest travel and experience publishers on the internet. This strategic acquisition will significantly bolster LOST iN's content library and expand its reach to millions of travelers worldwide."This acquisition helps accelerate our growth and puts us in a position to instantly reach millions of travel enthusiasts"
Ramaswamy has continued to increase his stake, this morning disclosing that it's risen to 8.9%.https://www.axios.com/2024/06/24/vivek-ramaswamy-buzzfeed-ceo-jonah-peretti
Gainers Society Pass (NASDAQ:SOPA) stock increased by 10.4% to $1.49 during Monday's after-market session. The company's market cap stands at $3.9 million. E W Scripps (NASDAQ:SSP) stock moved upwards by 3.96% to $2.1. The market value of their outstanding shares is at $179.3 million. Sphere Entertainment (NYSE:SPHR) shares moved upwards by 3.45% to $35.68. The market value of their outstanding shares is at $1.2 billion. Anghami (NASDAQ:ANGH) stock moved upwards by 2.94% to $1.05. The market value of their outstanding shares is at $70.0 million. Collective Audience (NASDAQ:CAUD) stock increased by 2.83% to $0.47. The company's market cap stands at $6.4 million. Kuke Music Hldg (NYSE:KU
BuzzFeed's (NYSE:BZFD) short percent of float has fallen 71.29% since its last report. The company recently reported that it has 1.30 million shares sold short, which is 6.42% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.93 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
BuzzFeed Inc (NASDAQ:BZFD) shares are trading higher Tuesday after former 2024 presidential candidate Vivek Ramaswamy wrote a letter to BuzzFeed’s board and revealed an increased stake in the company. What Happened: In a post on X on Tuesday, Ramaswamy unveiled a new letter to BuzzFeed’s board in which he argues that a “shakeup is required.” Ramaswamy also noted that he is now the second-largest Class A shareholder of BuzzFeed with an 8.37% stake in the company. “Nearly every legacy media company has failed its audience. The first one to openly admit it & make major changes should soar,” Ramaswamy said in the post. The news comes after an SEC filing from last week showed that Ramas
Shares of digital media company BuzzFeed Inc (NASDAQ:BZFD) rallied recently after former 2024 presidential candidate Vivek Ramaswamy disclosed a 7.7% stake in the company. One key investor in BuzzFeed saw the rally as a way to lower its stake. What Happened: Ramaswamy revealed a stake in BuzzFeed and said he plans to "engage in a dialogue" with the company's board of directors on ways to maximize shareholder value. The politician said this included "a shift in the company's strategy." After BuzzFeed shares rallied, Comcast Corporation (NASDAQ:CMCSA)-owned NBCUniversal decided to sell a portion of its stake. NBCUniversal sold $10.15 million worth of shares the day after Ramaswamy'
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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