BuzzFeed, Inc. (BZFD)

NASDAQ: BZFD · IEX Real-Time Price · USD
2.14
+0.05 (2.39%)
Feb 3, 2023, 4:00 PM EST - Market closed
2.39%
Market Cap 297.76M
Revenue (ttm) 447.77M
Net Income (ttm) -55.07M
Shares Out 139.14M
EPS (ttm) -716.41
PE Ratio n/a
Forward PE 172.41
Dividend n/a
Ex-Dividend Date n/a
Volume 18,599,692
Open 2.08
Previous Close 2.09
Day's Range 2.07 - 2.38
52-Week Range 0.64 - 5.71
Beta n/a
Analysts Sell
Price Target 2.21 (+3.27%)
Earnings Date Mar 20, 2023

About BZFD

BuzzFeed, Inc., a digital media company, provides breaking news, original reporting, entertainment, and videos across the social web to its global audience. It provides BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a newsroom for young audience; Tasty, a platform for shareable food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content; and Complex Networks that offers culture content of mu... [Read more]

Founded 2006
Employees 1,522
Stock Exchange NASDAQ
Ticker Symbol BZFD
Full Company Profile

Financial Performance

In 2021, BuzzFeed's revenue was $397.56 million, an increase of 23.73% compared to the previous year's $321.32 million. Earnings were $24.71 million, an increase of 139.09%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for BZFD stock is "Sell." The 12-month stock price forecast is $2.21, which is an increase of 3.27% from the latest price.

Price Target
$2.21
(3.27% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Comcast sells nearly 6 million shares of its Buzzfeed stake amid sharp rally

Comcast Corp. has sold part of its stake in Buzzfeed Inc., which has seen its shares surge in recent days amid enthusiasm for the publisher's artificial-intelligence efforts.

Other symbols: CMCSA
3 days ago - Market Watch

ChatGPT writing BuzzFeed articles may reduce some costs for the media firm but it won't be as profitable as investors think, Bank of America says

BuzzFeed is still in its early days of experimenting with ChatGPT, and investors need to lower their expectations, Bank of America said.

3 days ago - Business Insider

BuzzFeed writers react with a mix of disappointment and excitement at news that AI-generated content is coming to the website

The decision to use tech from ChatGPT maker OpenAI to produce content is part of BuzzFeed's broader cost-cutting strategy in a challenging economy.

5 days ago - Business Insider

BuzzFeed stock continues to soar on news of Meta partnership, ChatGPT content generation

Yahoo Finance anchors Dave Briggs, Seana Smith and Jared Blikre discuss BuzzFeed's skyrocketing stock amid news the company will be using A.I. to help with creating some content.

1 week ago - Yahoo Finance

BuzzFeed shares surge 120% on plans to embrace OpenAI

BuzzFeed Inc. shares surged by a record on news that the digital-media company plans to use OpenAI to bolster some of its content creation.

1 week ago - TechXplore

BuzzFeed's stock soars another 73% as analysts weigh in on AI shift and Meta deal

BuzzFeed Inc.'s stock soared another 73% on Friday to put it on track for a weekly gain of 283%, as analysts weighed in on news relating to a partnership with Facebook and artificial-intelligence init...

1 week ago - Market Watch

5 Investors Betting Big on BuzzFeed (BZFD) Stock Right Now

Shares of Buzzfeed (NASDAQ: BZFD) stock have been cleared for takeoff. Earlier this week, the media and entertainment company announced that it would begin using OpenAI's publicly available applicati...

1 week ago - InvestorPlace

BuzzFeed stock surges on plan to use ChatGPT parent OpenAI to create online content

BuzzFeed will use AI tools to personalize its quizzes and other content based on the user.

1 week ago - New York Post

Why Is Buzzfeed (BZFD) Stock Up Today?

Buzzfeed (NASDAQ: BZFD) stock is rising on Friday on reports that the company will use AI to generate content. According to an internal memo, Buzzfeed is planning to make use of OpenAI, the owner of ...

1 week ago - InvestorPlace

ChatGPT is about to write BuzzFeed content - and investors are loving it

Insider's Phil Rosen explains why shares of the media company popped Thursday and how artificial intelligence is involved.

1 week ago - Business Insider

Buzzfeed stock surges 200% on plans to use OpenAI to write stories

The digital media publisher announced cuts to its news division last year in an effort to boost profitability.

1 week ago - Business Insider

BuzzFeed Shares Shoot Up Nearly 200% As Company Goes All In On ChatGPT Craze

The company, whose stock famously fell more than 90% within its first year of going public, plans to use artificial intelligence to improve its quizzes.

1 week ago - Forbes

BuzzFeed to Use ChatGPT Creator OpenAI to Help Create Some of Its Content

CEO Jonah Peretti said the publisher would use the technology to make more comprehensive quizzes and interactive content.

1 week ago - WSJ

BuzzFeed stock soars more than 90% after report it will use OpenAI to create content

BuzzFeed Inc. stock BZFD, +134.61% rallied more than 90% on Thursday, after the Wall Street Journal reported that the news site is planning to rely on ChatGPT creator OpenAI to enhance its quizzes and...

1 week ago - Market Watch

Battered BuzzFeed shares rally after report of multi-million dollar Meta deal

Shares of BuzzFeed Inc jumped over 50% in early trading after a report said Meta Platforms Inc was paying the digital media firm millions of dollars to bring more creators to Facebook, Instagram.

Other symbols: META
1 week ago - Reuters

Why Is BuzzFeed (NASDAQ:BZFD) Stock Up 35% Today?

Buzzfeed (NASDAQ: BZFD) shares jumped overnight on news of a content partnership with Meta Platforms (NASDAQ: META). BZFD stock was trading at $1.35 per share pre-market on Jan. 26, while META stock...

1 week ago - InvestorPlace

Meta pays Buzzfeed nearly $10 million to generate content for Facebook, Instagram

Facebook parent Meta Platforms Inc. is paying BuzzFeed Inc. millions of dollars as part of an effort to bring more creators to the social-media giant's platforms, according to people familiar with the...

Other symbols: META
1 week ago - Market Watch

Meta Pays BuzzFeed Millions to Generate Creator Content for Facebook and Instagram

The partnership marks latest iteration of yearslong relationship between digital publisher and social-media giant.

Other symbols: META
1 week ago - WSJ

TechTarget, AST SpaceMobile Are Among Oversold Communication Services Stocks: Are They Worth A Look? - BuzzFeed (NASDAQ:BZFD), AST SpaceMobile (NASDAQ:ASTS)

The most oversold stocks in the communication services sector present an opportunity to buy into undervalued companies.

Other symbols: ASTSTTGT
2 months ago - Benzinga

BuzzFeed, Inc. Reaffirms Fourth Quarter 2022 Financial Outlook for Revenue and Adjusted EBITDA Following Yesterday's Cost Restructuring Announcement

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD), a premier digital media company for the most diverse, most online, and most socially engaged generations the w...

2 months ago - Business Wire

BuzzFeed cuts 12% of staff citing worsening econ conditions

Digital media company BuzzFeed is cutting 12% of its workforce, citing worsening economic conditions.

2 months ago - TechXplore

Buzzfeed Layoffs 2022: What to Know About the Latest BZFD Job Cuts

One of the hardest-hit companies this year, BuzzFeed (NASDAQ: BZFD) continues to hover around its all-time lows. With significant pressure on the company, it's perhaps unsurprising to know Buzzfeed l...

2 months ago - InvestorPlace

BuzzFeed to cut 12% of its workforce

BuzzFeed on Tuesday announced plans to cut its workforce by nearly 12%, or around 180 staffers.

2 months ago - CNBC

BuzzFeed slashes 12% of its workforce, citing 'worsening macroeconomic conditions'

BuzzFeed on Tuesday said it would lay off approximately 12% of its staff, making the digital news and entertainment conglomerate the latest media company to make painful cuts amid a deteriorating econ...

2 months ago - CNN Business

2022 Major Layoffs Grow: Morgan Stanley And BuzzFeed Reportedly Cut Jobs

Forbes is tracking the biggest layoffs in the U.S. this year as companies react to fears of a looming recession.

2 months ago - Forbes