BuzzFeedBZFD
BZFD
About: BuzzFeed Inc is a tech-powered, diversified media company that reaches hundreds of millions globally through its cross-platform news and entertainment network. The company produces articles, lists, quizzes, videos, and original series; lifestyle content through brands including Tasty, social food network; original reporting and investigative journalism through BuzzFeed News and HuffPost; an industry- affiliate business, strategic partnerships, licensing and product development through BuzzFeed Commerce; and original productions across broadcast, cable, SVOD, film and digital platforms for BuzzFeed Studios.
Employees: 925
0
Funds holding %
of 6,812 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
155% more call options, than puts
Call options by funds: $1.24M | Put options by funds: $485K
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
2% more capital invested
Capital invested by funds: $17.8M [Q2] → $18.1M (+$293K) [Q3]
0.3% more ownership
Funds ownership: 18.28% [Q2] → 18.58% (+0.3%) [Q3]
20% less funds holding
Funds holding: 45 [Q2] → 36 (-9) [Q3]
53% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 17
Research analyst outlook
We haven’t received any recent analyst ratings for BZFD.
Financial journalist opinion
Based on 4 articles about BZFD published over the past 30 days
Positive
Proactive Investors
2 weeks ago
Buzzfeed sells brand behind ‘Hot Ones' to Soros Fund Management-led group
Buzzfeed Inc (NASDAQ:BZFD) is selling First We Feast, the brand behind its popular ‘Hot Ones' talk show, to a group of investors led by an affiliate of Soros Fund Management for $82.5 million in cash. First We Feast will become a standalone company led by founder Chris Schonberger, BuzzFeed said on Thursday.
Neutral
Reuters
2 weeks ago
BuzzFeed sells 'Hot Ones' creator for $82.5 mln to group led by Soros-affiliate
BuzzFeed said on Thursday it has sold First We Feast, creator of YouTube's popular talk show 'Hot Ones', to a group led by Soros Fund Management affiliate for $82.5 million, as the struggling media company faces a cash crunch.
Neutral
Business Wire
2 weeks ago
BuzzFeed, Inc. Announces Sale of First We Feast to an Affiliate of Soros Fund Management in $82.5 Million All-Cash Deal
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (Nasdaq: BZFD) (the “Company”) today announced the closing of its sale of First We Feast to a consortium led by an affiliate of Soros Fund Management LLC in an $82.5 million all-cash deal. The proceeds of the transaction combined with a partial prepayment of the Company's outstanding convertible notes has the Company operating with a cash balance that exceeds its remaining debt. Refer to the Company's 8-K filed with the SEC on December 12, 2024 for addi.
Positive
Seeking Alpha
4 weeks ago
BuzzFeed: This Rally Can Last Longer
BuzzFeed's stock surged over 300% in 2024, driven by AI integration in content creation and partnerships with major tech firms like Meta. Post-SPAC valuation and reduced operating expenses through cost-cutting measures have created an attractive entry point for investors. Despite declining revenues, BuzzFeed's streamlined operations and low market cap position it for potential EPS growth and profitability.
Positive
Zacks Investment Research
1 month ago
2 Meme Stocks to Buy Now
Whether you agree with President-elect Donald Trump's economic policies or not, one thing is certain: the conclusion of the 2024 U.S. presidential election on Wall Street has unleashed the “animal spirits.” To be fair, stocks have been on a tear since the bear market lows of 2022, boosted by a falling inflation rate, AI/data center spending, and a dovish federal reserve board.
Neutral
Seeking Alpha
1 month ago
BuzzFeed, Inc. (BZFD) Q3 2024 Earnings Call Transcript
BuzzFeed, Inc. (BZFD) Q3 2024 Earnings Call Transcript
Neutral
Business Wire
1 month ago
BuzzFeed, Inc. Delivers Strong Q3 Financial Results
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (Nasdaq: BZFD) reported improved year-over-year profitability in the third quarter (ended September 30, 2024) generating net income from continuing operations of $2 million and Adjusted EBITDA2 of $11 million, near the high end of the Company's outlook shared on August 12, 2024. Third quarter revenues exceeded the Company's outlook, growing 7% year-over-year, with strong growth in two of BuzzFeed, Inc.'s largest and highest-margin revenue streams - Affi.
Positive
Invezz
2 months ago
BuzzFeed stock analysis: falling website traffic is a big risk
BuzzFeed (BZFD) stock price has erased some of the gains made earlier this year as concerns about the company continues. It initially surged to a high of $4.5 after Vivek Ramaswamy invested in it a few months ago.
Neutral
Business Wire
2 months ago
BuzzFeed, Inc. to Release Third Quarter 2024 Financial Results on Tuesday, November 12, 2024
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (NASDAQ: BZFD) today announced plans to release third quarter 2024 financial results on Tuesday, November 12, 2024 after the market closes. BuzzFeed, Inc. Founder and CEO Jonah Peretti and CFO Matt Omer will host a conference call to discuss the results at 5:00 PM ET / 2:00 PM PT. The financial results conference call will be available via webcast at investors.buzzfeed.com under the heading News & Events. A replay of the call will be made available.
Positive
Seeking Alpha
3 months ago
BuzzFeed, Inc.: The Elephant In The Room Can Pirouette
BuzzFeed's Q3 FY 2024 guidance is the highest ever, showcasing a strong business turnaround with significant improvements in engagement and advertising revenues. The $120 million 8.5% convertible debt put option due December 3, 2024, poses a major risk, but management has multiple strategies to address it. Selling First We Feast, refinancing the debt, or extending the put option with warrants are viable solutions to defuse the debt issue.
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