BuzzFeed Inc (BZFD) Q3 2024 Earnings Call Highlights: Revenue Growth and Strategic Shifts ... [Yahoo! Finance]
BuzzFeed, Inc. - Class A (BZFD)
Company Research
Source: Yahoo! Finance
BuzzFeed Inc ( NASDAQ:BZFD ) achieved a 7% year-over-year revenue growth in Q3 2024, reaching $64 million. Audience time spent increased by 13% quarter-over-quarter and 2% year-over-year to 80 million hours. Affiliate Commerce revenues grew by 53%, highlighted by the company's biggest Prime Day ever in July. Programmatic Advertising revenues increased by 9% year-over-year, showing an acceleration from Q2. Adjusted EBITDA improved significantly, reaching approximately $11 million, a nearly fourfold increase from Q2. Overall advertising revenues declined by 3% year-over-year, impacted by pressures in the direct sales channel. Content revenue trends, although improved from Q2, declined by 7% year-over-year. The direct sales channel has been reduced, affecting branded content sales. Despite improvements, the company acknowledges ongoing challenges in stabilizing the business. BuzzFeed Inc ( NASDAQ:BZFD ) has yet to provide an update on its debt and Q4 financial outlook,
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News
- BuzzFeed, Inc. Delivers Strong Q3 Financial Results [Yahoo! Finance]Yahoo! Finance
- BuzzFeed, Inc. Delivers Strong Q3 Financial ResultsBusiness Wire
- BuzzFeed, Inc. to Release Third Quarter 2024 Financial Results on Tuesday, November 12, 2024Business Wire
- Neflitx wants to add ‘Hot Ones' to live programming [Fortune]Fortune
BZFD
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- BZFD's page on the SEC website