Shares surged roughly 50% on the news. The stock closed Tuesday at $2.50. Former U.S. President and Republican presidential candidate Donald Trump looks on as former Republican presidential candidate Vivek Ramaswamy speaks at a rally by Trump, in advance of the New Hampshire primary election in Laconia, New Hampshire, U.S. January 22, 2024. Former GOP presidential hopeful Vivek Ramaswamy has an 8% stake in BuzzFeed and is seeking to effect a "shift" in the media firm's strategy, the investor said Tuesday in ...

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 Company Participants Amita Tomkoria - Head, Investor Relations Jonah Peretti - Chief Executive Officer Matt Omer - Chief Financial Officer Operator Good day, and thank you for standing by. Welcome to the BuzzFeed, Inc. First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being recorded. I would now like to hand the conference ove ...

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 ...

BuzzFeed, Inc. (NASDAQ:BZFD) Q4 2023 Earnings Conference Call March 25, 2024 5:00 PM ET Company Participants Amita Tomkoria - Senior Vice President, Investor Relations Jonah Peretti - Founder, Chairman and Chief Executive Officer Matt Omer - Chief Financial Officer Operator Thank you for standing by and welcome to BuzzFeed, Inc.'s Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are on a listen-only mode. I would now like to hand the call over to SVP, Investor Relations, Amita To ...

○ 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 ...