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BuzzFeed Inc
NASDAQ:BZFD

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BuzzFeed Inc
NASDAQ:BZFD
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Price: 0.6794 USD -1.11% Market Closed
Market Cap: $25.3m

BuzzFeed Inc
Investor Relations

Buzzfeed, Inc. is an independent digital media company, which engages in engagement, distribution, and leveraging data. The company is headquartered in New York City, New York and currently employs 1,522 full-time employees. The company went IPO on 2021-01-12. The firm provides breaking news, original reporting, entertainment, and video across its owned and operated and the social Web to its global audience. The firm BuzzFeed Originals, which creates articles, lists, quizzes, and videos; BuzzFeed Media Brands, which comprises a portfolio of identity-driven lifestyle brands including Nifty, Goodful, As/Is, and Tasty, the social food network; BuzzFeed Studios, which produces original content across broadcast, cable, SVOD, film and digital platforms; and BuzzFeed News and HuffPost, which include world-class reporting and investigative journalism. The company also includes BuzzFeed Commerce, which develops products and experiences, as well as licensing and other strategic partnerships.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 12, 2026
AI Summary
Q4 2025

Revenue: Full-year 2025 revenue was $185.3 million, down 2% YoY; Q4 revenue was $56.5 million, up 1% YoY.

Profitability: Adjusted EBITDA for full-year 2025 improved to $8.8 million (up 61% YoY); Q4 adjusted EBITDA was $12.0 million.

Studio/IP: Studio revenue nearly tripled to $16.1 million for the year and drove a 56% YoY increase in Q4 content revenue as two feature films were recognized in Q4.

Commerce weakness: Commerce and affiliate revenue declined (full year and Q4) primarily because partners reduced supplemental bonuses, not because of weaker conversion or engagement.

Balance sheet / liquidity: Cash and restricted cash totaled approximately $27.7 million; total debt was $60.2 million. Management is exploring strategic options and withheld 2026 guidance.

Valuation / strategy: Management says BuzzFeed's parts (brands, studios, products) are worth materially more than the current market cap and is actively evaluating strategic alternatives to unlock value.

Engagement: Time spent declined (276.5 million hours for the year, down 7% YoY; Q4 17.3 million hours, down 11% YoY) with 2024 election-related engagement cited as a comparator.

Impairment impact: A noncash goodwill impairment of $30.2 million drove a larger net loss in 2025 vs 2024.

Key Financials
Revenue
$185.3 million
Advertising revenue
$91.7 million
Programmatic advertising
$69.6 million
Direct sold advertising
$22.1 million
Content revenue
$37.0 million
Studio revenue
$16.1 million
Commerce and other revenue
$56.5 million
Affiliate commerce
$55.5 million
Net loss from continuing operations (full year)
$57.3 million
Adjusted EBITDA (full year)
$8.8 million
Time spent (full year)
276.5 million hours
Cash and cash equivalents and restricted cash
$27.7 million
Total debt
$60.2 million
Term loan
$45.0 million
Film financing arrangements
$15.2 million
Q4 revenue
$56.5 million
Q4 advertising revenue
$25.6 million
Q4 programmatic advertising
$18.4 million
Q4 direct sold advertising
$7.2 million
Q4 content revenue
$14.7 million
Q4 studio revenue change
$7.3 million
Q4 commerce and other revenue
$16.3 million
Q4 affiliate commerce
$16.1 million
Q4 net loss from continuing operations
$26.8 million
Q4 adjusted EBITDA
$12.0 million
Q4 time spent
17.3 million hours
Goodwill impairment charge
$30.2 million
2026 guidance status
withheld
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jonah Peretti
Founder, Chairman & CEO
No Bio Available
Mr. David Arroyo J.D.
Chief Legal & Compliance Officer and Corporate Secretary
No Bio Available
Mr. John S. Johnson III
Co-Founder
No Bio Available
Mr. Matthew Omer
Chief Financial Officer
No Bio Available
Ms. Amita Tomkoria
Senior Vice President of Investor Relations
No Bio Available
Ms. Juliana Clifton
Vice President of Communications & Chief of Staff
No Bio Available
Andrew Guendjoian
Head of Sales
No Bio Available
Ms. Chandler Bondan
Chief People Officer
No Bio Available
Mr. Ken Blom
Chief Business Officer
No Bio Available
Mr. Richard Alan Reid
President of Studio
No Bio Available

Contacts

Address
NEW YORK
New York City
111 E. 18Th Street, 13Th Floor
Contacts
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