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BuzzFeed(BZFD) - 2022 Q4 - Annual Report
2023-03-15 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ For the fiscal year ended December 31, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact Name of Registrant as Specified in Its Charter) _____________________________________________ Securities registered pursuant to Section 12(b) of the Act: PART II 2 • demand for products and services and changes in traffic; • our success in retaining ...
BuzzFeed(BZFD) - 2022 Q4 - Earnings Call Transcript
2023-03-14 01:10
BuzzFeed, Inc. (NASDAQ:BZFD) Q4 2022 Results Conference Call March 13, 2023 5:00 PM ET Company Participants Amita Tomkoria - Senior Vice President of Investor Relations Jonah Peretti - Founder, Chairman and CEO Marcela Martin - President Felicia DellaFortuna - CFO Conference Call Participants John Blackledge - TD Cowen Jason Kreyer - Craig-Hallum Brent Navon - Bank of America Operator Hello, and welcome to the BuzzFeed, Inc. Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions]. Please note ...
BuzzFeed(BZFD) - 2022 Q3 - Earnings Call Transcript
2022-11-15 20:53
BuzzFeed, Inc. (NASDAQ:BZFD) Q3 2022 Results Conference Call November 14, 2022 5:00 PM ET Company Participants Amita Tomkoria - Senior Vice President of Investor Relations Jonah Peretti - Founder, Chairman and CEO Marcela Martin - President Felicia DellaFortuna - CFO Conference Call Participants Jason Kreyer - Craig-Hallum James Kopelman - Cowen and Company Brent Navon - Bank of America Operator Good afternoon, and welcome to the BuzzFeed Inc Third Quarter 2022 Earnings Conference Call. [Operator Instructio ...
BuzzFeed(BZFD) - 2022 Q3 - Quarterly Report
2022-11-13 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission file number: 001-39877 BuzzFeed, Inc. (Exact Name of Registrant as Specified in Its Charter) | --- | --- | |-------|----------------- ...
BuzzFeed(BZFD) - 2022 Q2 - Earnings Call Transcript
2022-08-13 12:08
BuzzFeed, Inc. (NASDAQ:BZFD) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET Company Participants Amita Tomkoria - Senior Vice President-Investor Relations Jonah Perett - Founder and Chief Executive Officer Felicia DellaFortuna - Chief Financial Officer Marcela Martin - President Conference Call Participants Brent Navon - Bank of America Jason Kreyer - Craig-Hallum John Blackledge - Cowen Operator Good afternoon, and welcome to the BuzzFeed Inc. Second Quarter 2022 Earnings Conference Call. [Oper ...
BuzzFeed(BZFD) - 2022 Q2 - Quarterly Report
2022-08-08 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission file number: 001-39877 BuzzFeed, Inc. (Exact Name of Registrant as Specified in Its Charter) | --- | --- | |------------------------------ ...
Buzzfeed (BZFD) Investor Presentation - Slideshow
2022-05-18 09:24
BuzzFeed Inc. ENTERTAINMENT BuzzFeed News IHUFFPOSTI Investor Presentation | May 2022 Note to recipient: disclaimer Forward-Looking Statements Certain statements in this presentation (this "Presentation") may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. BuzzFeed, Inc.'s ("BuzzFeed" or the "Company") forward- ...
BuzzFeed(BZFD) - 2022 Q1 - Earnings Call Transcript
2022-05-17 02:43
BuzzFeed, Inc. (NASDAQ:BZFD) Q1 2022 Earnings Conference Call May 16, 2022 5:00 PM ET Company Participants Amita Tomkoria – Senior Vice President-Investor Relations Jonah Peretti – Founder and Chief Executive Officer Felicia DellaFortuna – Chief Financial Officer Conference Call Participants John Blackledge – Cowen Jason Kreyer – Craig-Hallum Brent Navon – Bank of America Operator Good afternoon and welcome to BuzzFeed Inc's First Quarter 2022 Earnings Conference Call. At this time, all participants are in ...
BuzzFeed(BZFD) - 2022 Q1 - Quarterly Report
2022-05-15 16:00
Financial Performance - Total revenue for the three months ended March 31, 2022, was $91,558,000, an increase of 26% compared to $72,648,000 for the same period in 2021[21] - Net loss for the three months ended March 31, 2022, was $44,566,000, compared to a net loss of $11,325,000 for the same period in 2021, representing a 295% increase in losses[22] - For the three months ended March 31, 2022, the company reported a net loss of $44.6 million, compared to a net loss of $11.3 million for the same period in 2021[29] - Total revenue for the three months ended March 31, 2022, was $91.6 million, an increase from $72.6 million in the same period in 2021, representing a growth of approximately 26.1%[175] - The net loss for the three months ended March 31, 2022, was $44.6 million, compared to a net loss of $11.3 million for the same period in 2021, indicating a significant increase in losses[175] - Adjusted EBITDA for the three months ended March 31, 2022, was $(16.8) million, worsening from $(4.3) million in the same period in 2021[175] Assets and Liabilities - Total current assets decreased to $199,400,000 as of March 31, 2022, from $251,659,000 as of December 31, 2021, a decline of approximately 21%[16] - Total liabilities increased to $321,264,000 as of March 31, 2022, from $262,333,000 as of December 31, 2021, an increase of about 22%[16] - Cash and cash equivalents decreased to $74,540,000 as of March 31, 2022, down from $79,733,000 as of December 31, 2021, a decrease of approximately 6%[16] - The company’s accumulated deficit increased to $(367,000,000) as of March 31, 2022, from $(322,106,000) as of December 31, 2021[24] - Total stockholders' equity decreased to $332,053,000 as of March 31, 2022, from $372,587,000 as of December 31, 2021, a decline of approximately 11%[16] Revenue Breakdown - Advertising revenue reached $48,668 million in Q1 2022, up 26% from $38,649 million in Q1 2021[79] - Content revenue rose by $12.7 million, or 65%, primarily due to the acquisition of Complex Networks, contributing $12.1 million[193] - Commerce and other revenue decreased by $3.8 million, or 27%, reflecting a decline in purchases compared to heightened activity in Q1 2021 due to COVID-19[194] - Total revenue for the quarter ended March 31, 2022, was $91.6 million, a 26% increase from $72.6 million in the same quarter of 2021[192] Expenses - Research and development expenses increased to $7,192,000 for the three months ended March 31, 2022, compared to $6,699,000 for the same period in 2021, reflecting an increase of about 7%[21] - Cost of revenue increased by $18.7 million, or 44%, totaling $60.8 million, with costs related to Complex Networks accounting for $8.9 million[196] - Sales and marketing expenses rose by $6.4 million, or 56%, totaling $17.8 million, driven by a $5.3 million increase in compensation costs[197] - General and administrative expenses increased by $8.9 million, or 37%, primarily due to a $4.6 million increase in compensation costs and a $1.5 million increase in rent related to the Complex Networks acquisition[198] Acquisitions - The Company completed the acquisition of Complex Networks for a total consideration of $294.166 million, which includes $197.966 million in cash and $96.200 million in share consideration[67] - The Company acquired HuffPost for a total consideration of $23.574 million, which includes the fair value of common stock issued and working capital adjustments[75] - The fair value of common stock issued for the HuffPost acquisition was $24.064 million, based on 8,625,234 shares valued at $2.79 per share[75] Stock and Shares - The company reported a total of 136,425,000 weighted average common shares outstanding for the three months ended March 31, 2022, compared to 15,188,000 for the same period in 2021[21] - The company raised $150.0 million through unsecured convertible notes due 2026 in connection with the business combination[38] - The company’s stock began trading on the Nasdaq under the symbols "BZFD" and "BZFDW" on December 6, 2021[45] Cash Flow and Financing - Cash provided by operating activities was $1.1 million, a decrease from $9.5 million in the prior year[29] - The company expects operating cash flows and available cash to meet working capital and capital expenditure requirements for at least the next 12 months[214] - The company may need to raise additional funds in the future, which could dilute existing stockholders' ownership or impose additional restrictions on operations[215] Other Financial Metrics - The basic and diluted net loss per common share for the three months ended March 31, 2022, was $(0.33), an improvement from $(0.75) in the prior year[124] - Total stock-based compensation expense for the three months ended March 31, 2022, was $3,940 million, significantly higher than $138 million in the same period of 2021[121] - The company's effective tax rate for the three months ended March 31, 2022, was (0.8)%, compared to 29.8% for the same period in 2021[126]
BuzzFeed(BZFD) - 2021 Q4 - Annual Report
2022-03-29 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to . Commission file number 001-39877 BuzzFeed, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 85-3022075 (State or other jurisdiction ...