BuzzFeed, Inc. (BZFD)
| 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]
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 StatementsAnalyst 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.
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.
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.
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.
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.
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.
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...
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...
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.
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 ...
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.
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.
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.
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.
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...
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.
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...
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...
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.
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.
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...
BuzzFeed cuts 12% of staff citing worsening econ conditions
Digital media company BuzzFeed is cutting 12% of its workforce, citing worsening economic conditions.
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...
BuzzFeed to cut 12% of its workforce
BuzzFeed on Tuesday announced plans to cut its workforce by nearly 12%, or around 180 staffers.
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...
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.