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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BZFD
News
- Buzzfeed sells popular 'Hot Ones' production company to George Soros-led group [FOX News]FOX News
- BuzzFeed is selling Hot Ones [Verge, The]Verge, The
- Buzzfeed Sells ‘Hot Ones' Studio for $82.5 Million to Sean Evans, Crooked Media, Soros Fund and Other Investors [Yahoo! Finance]Yahoo! Finance
- BuzzFeed, Inc. Announces Sale of First We Feast to an Affiliate of Soros Fund Management in $82.5 Million All-Cash DealBusiness Wire
- Ariana Grande left speechless after being presented with Glinda's ‘Wizard of Oz' wand [Los Angeles Times (CA)]Los Angeles Times
BZFD
Sec Filings
- 12/17/24 - Form 4
- 12/12/24 - Form 8-K
- 12/2/24 - Form 4
- BZFD's page on the SEC website