UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________ FORM 10-Q ______________________________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period ...

BuzzFeed, Inc. (NASDAQ:BZFD) Q1 2024 Earnings Conference Call May 13, 2024 5:00 PM ET Operator Please refer to our Investor Relations website to find today's press release along with our investor letter. As I outlined last month in my annual letter to shareholders, BuzzFeed is leaning into AI to extend its leadership position and build the defining media company for the AI era. Over the past few months, we have made progress towards realizing this vision and have stabilized the business by selling Complex, ...

BUZZFEED, INC. FIRST QUARTER 2024 FINANCIAL RESULTS IN LINE WITH MARCH OUTLOOK 1 NEW YORK – May 13, 2024 – BuzzFeed, Inc .'s (Nasdaq: BZFD) reported first quarter (ended March 31, 2024) financial results in line with the company's outlook shared on March 25, 2024. Company Completes Transformation to O&O-Led Platform Peretti continued, "Our flagship BuzzFeed brand continues to lead digital media in time spent. We're poised to further extend this leadership with the integration of AI, driving both creative st ...

William_Potter Listen here or on the go via Apple Podcasts and Spotify Courage & Conviction Investing shares why the market doesn't understand Vroom and Carvana (0:45). BuzzFeed dumpster diving (6:05). Betting against the shorts with Encore Wire (14:00). This is an abridged conversation from a recent Investing Experts episode. Subscribe to Courage & Conviction Investing's Second Wind Capital Transcript Rena Sherbill: Courage & Conviction Investing, you run Second Wind Capital on Seeking Alpha. That's ...

• make certain investments and acquisitions in certain circumstances; • merge or consolidate with another company in certain circumstances; and 33 The Notes may impact our financial results, result in the dilution of our stockholders, create downward pressure on the price of our Class A common stock, and restrict our ability to raise additional capital or take advantage of future opportunities. Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited. in our ow ...

We delivered fourth quarter adjusted EBITDA of $15.1 million, also in line with our February outlook. It is important to note that per US GAAP, we have not allocated any of the shared expenses to discontinued operations. As a result, our fourth quarter and full year 2023 adjusted EBITDA includes Complex's portion of shared corporate expenses, which are significant. However, as Jonah discussed earlier, as a result of the sale of Complex, the underlying profitability of our ongoing operations has already impr ...

○ Advertising revenue declined 31% year-over-year to $115.6 million ○ Content revenue declined 31% year-over-year to $83.6 million ○ Commerce and other revenues were relatively flat year-over-year at $53.4 million ● Net loss from continuing operations was $60.3 million, compared to a net loss of $140.5 million in 2022 2 ● Adjusted EBITDA loss was $4.7 million, compared to Adjusted EBITDA of $0.3 million in 2022 ● In 2023, audience Time Spent with our content was 306 million hours. Time Spent on our owned an ...

It’s been a big day for Buzzfeed (NASDAQ:BZFD), and it’s just getting started. Shares of the popular digital media company are up more than 70% today after the company confirmed the sale of its Complex division to e-commerce giant NTWRK. This $108.6 million all-cash deal is definitely the catalyst that BZFD stock needs to finally start rising again after a difficult year. However, the sale isn’t the only headline that is impacting BZFD stock. The company has also announced plans to lay off 16% of its workfo ...

BuzzFeed (NASDAQ:BZFD) stock is heading higher on Thursday after the media company sold its Complex division to NTWRK.NTWRK is paying BuzzFeed $108.6 million in cash for Complex. BuzzFeed also received a $5.7 million payment covering the costs of using its New York offices, as well as for severance and other employee-related expenses.BuzzFeed said this business sale will allow it to focus more on its other businesses, including BuzzFeed and HuffPost. In addition to that, the company is planning for a restru ...

HuffPost parent company Buzzfeed said Wednesday that it is slashing 16% of its workforce — the latest in a wave of layoffs by financially-strapped media companies — and will sell music and culture-focused site ComplexThe digital media company — once an advertising revenue juggernaut — said the cuts are “designed to reduce centralized costs and to allow the company to become more agile, sustainable, and profitable.” Buzzfeed declined to comment on the total number of cuts. It has fewer than 1,000 employees. ...