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Price: $2.4300
$0.07 
2.966%
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| Day's High:
| $2.46
| Week Perf:
| -9.67 %
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| Day's Low: |
$ 2.35 |
30 Day Perf: |
-8.99 % |
| Volume (M): |
311 |
52 Wk High: |
$ 4.56 |
| Volume (M$): |
$ 756 |
52 Wk Avg: |
$1.33 |
| Open: |
$2.37 |
52 Wk Low: |
$0.16 |
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| Market Capitalization (Millions $) |
90 |
| Shares
Outstanding (Millions) |
37 |
| Employees |
1,698 |
| Revenues (TTM) (Millions $) |
199 |
| Net Income (TTM) (Millions $) |
-68 |
| Cash Flow (TTM) (Millions $) |
4 |
| Capital Exp. (TTM) (Millions $) |
13 |
Buzzfeed Inc
Buzzfeed Inc is a global digital media and entertainment company headquartered in New York City. The company was founded in 2006 by Jonah Peretti and John S. Johnson III as an experimental lab for viral content. Over the years, Buzzfeed grew into a dominant force in the digital media industry, known for its unique approach to news and entertainment.
Buzzfeed is primarily known for its listicles, videos, quizzes, and memes, which are shared widely on social media platforms. The company has created a formidable digital presence on social media platforms, including Facebook, Twitter, Instagram, Snapchat, and YouTube. It has also expanded into podcasting, e-commerce, and long-form investigative journalism.
Buzzfeed's content is widely consumed by millennials and younger generations, who prefer a mix of serious news, entertainment, and pop culture. The company has been successful in building a loyal audience, with over 650 million monthly unique visitors and over 9 billion monthly content views across its platforms.
Buzzfeed has also made headlines for its investigative journalism, which has earned it several accolades, including a Pulitzer Prize. The company invests heavily in journalism, employing over 200 reporters and editors across the globe. Its investigative work has focused on topics such as politics, social justice, crime, and corruption.
Buzzfeed has an enviable brand, which it monetizes through advertising, sponsored content, merchandise sales, and licensing. The company has partnerships with several leading brands, including Pepsi, McDonald's, and AT&T, among others. It also has licensing agreements for its content with traditional media companies such as NBCUniversal and Netflix.
Despite its success, Buzzfeed has faced several challenges over the years, including controversies around its content, funding, and layoffs. The company has had to adapt its business model, diversify its revenue streams, and pivot its content strategy to stay relevant in the digital media space.
In summary, Buzzfeed Inc is a leading global digital media and entertainment company that has revolutionized the way content is consumed, shared, and monetized. Its unique approach to news and entertainment has made it a dominant force in the industry, with a loyal following of millennials and younger generations. The company's success is a testament to its ability to stay ahead of the curve and adapt to an ever-changing media landscape.
Company Address: 229 West 43rd Street New York 10036 NY
Company Phone Number: 397-2039 Stock Exchange / Ticker: NASDAQ BZFD
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| Stocks on the Move
Published Fri, Jun 28 2024 9:32 AM UTC
In recent news, Buzzfeed Inc has been experiencing a decline in share value, trailing behind the performance of the entire market. This downward trend comes as no surprise, as previous articles have highlighted various challenges faced by the media company. By analyzing the mentioned articles, it becomes evident that factors such as financial losses, negative return on asset...
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| Stocks on the Move
Published Wed, Jun 26 2024 4:49 PM UTC
In recent days, Buzzfeed Inc., a prominent digital media company, has witnessed a significant decline in its share value, trailing the overall market performance. This article aims to explore the events leading up to the sell-off and examine the implications for Buzzfeed Inc. as it navigates the ever-changing landscape of online media.Event Analysis:1. People Are Sharing Add...
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| Buzzfeed Inc
The financial results of Buzzfeed Inc. for the most recent fiscal period show a significant increase in loss per share compared to the previous year and the previous quarter. The loss per share has more than doubled from $-0.26 to $-0.72 year-over-year and increased significantly from $-0.07 in the previous quarter. This indicates that the company is facing some challenges in terms of profitability.
Additionally, the revenue for the quarter has decreased by over 33% compared to the corresponding quarter a year ago, dropping from $67.15 million to $44.76 million. However, there has been a sequential increase in revenue of over 30% from the previous quarter, rising from $34.32 million. This shows that there may be some positive signs of growth in the company's revenue.
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| Buzzfeed Inc
In financial news, Buzzfeed Inc has released its fourth quarter financial report for 2023, showing a decrease in loss per share compared to the previous year. The company recorded a loss of $-0.07 per share, a significant improvement from the loss of $-0.42 per share in the same quarter a year ago. Additionally, the earnings per share also saw an improvement, with a decrease from $-0.09 per share in the preceding reporting period.
However, the company experienced a sharp decline in revenue during the fourth quarter of 2023. The revenue fell by -74.504% to $34.32 million from $134.62 million in the same reporting period a year ago. Furthermore, the revenue tumbled by -53.173% sequentially from $73.30 million. This decline in business is in contrast to the Communications Services sector, which saw a revenue rise during this period.
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| Buzzfeed Inc
Buzzfeed Inc, a leading digital media company, recently released its financial report for the quarter ended June 30, 2023. The report indicated a weak business environment, leading to an improvement in losses. Despite the increase in net loss per share from $-0.17 to $-0.20, there are positive signs that demonstrate the potential for a bullish turnaround.
One of the key factors contributing to the improvement in losses was the substantial decline in revenue. The company experienced a significant drop of -27.032%, with revenue decreasing to $77.90 million from $106.76 million compared to the same period last year. However, it is important to note that this decline was not unexpected, considering the challenges faced by many businesses during this period. Furthermore, despite this decline, it is worth noting that the revenue for Q2 still showed a positive trend when compared to Q1. It increased by an impressive 16.005% from $67.15 million, indicating a potential rebound in the company's performance.
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| Per Share |
Current |
| Earnings (TTM) |
-1.06 $ |
| Revenues (TTM) |
5.39 $
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| Cash Flow (TTM) |
0.11 $ |
| Cash |
1.23 $
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| Book Value |
1.87 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
-1.06 $
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| Revenues (TTM) |
5.39 $ |
| Cash Flow (TTM) |
0.11 $ |
| Cash |
1.23 $
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| Book Value |
1.87 $ |
| Dividend (TTM) |
0 $ |
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| United States |
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 94.19 % |
of total Revenue |
| International |
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5.81 % |
of total Revenue |
| Advertising |
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50.74 % |
of total Revenue |
| Content |
|
24.22 % |
of total Revenue |
| Commerce and other |
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25.03 % |
of total Revenue |
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On May 14 2024 the Buzzfeed Inc provided following guidance
he company reported revenue of $125 million for the first quarter of 2024, which was a 10% increase compared to the same period last year. This growth was driven by a 15% increase in advertising revenue, which reached $90 million. This strong performance was backed by growth in direct-sold advertising as well as programmatic and affiliate revenue.
Despite the revenue growth, BuzzFeed, Inc. reported a net loss of $5 million for the quarter, primarily due to increased investments in content creation and technology. The company remains focused on driving profitability through diversification of revenue streams and cost optimization efforts.
In terms of audience metrics, BuzzFeed, Inc. reported a t...
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