| Market Capitalization (Millions $) |
60 |
| Shares
Outstanding (Millions) |
55 |
| Employees |
507 |
| Revenues (TTM) (Millions $) |
171 |
| Net Income (TTM) (Millions $) |
-61 |
| Cash Flow (TTM) (Millions $) |
-4 |
| Capital Exp. (TTM) (Millions $) |
14 |
Business Description
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: 50 West 23rd Street New York 10010 NY
Company Phone Number: 397-2039 Stock Exchange / Ticker: NASDAQ BZFD
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48.18 %