BuzzFeed Earnings Call Transcripts
Fiscal Year 2026
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Q3 revenue was $26M, with a $18.7M net loss and -$4.8M Adjusted EBITDA; restructuring is expected to save ~$30M annually. Financial outlook was deferred as integration continues.
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Revenue declined 21.8% year-over-year to $36.3 million, with a net loss of $11.8 million. Major restructuring reduced headcount by 35% and annual costs by $30 million, while a new sales agreement aims to expand advertising reach.
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Q1 2026 revenue declined 12.4% year-over-year to $31.6 million, with a net loss of $15.1 million. Byron Allen will become Chairman and CEO following a significant investment, and the company will focus on AI and streaming expansion.
Fiscal Year 2025
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Revenue declined 2% year-over-year to $185.3 million, with adjusted EBITDA up 61% to $8.8 million. Strategic options are under review amid liquidity challenges, and no 2026 guidance was provided.
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Q3 2025 revenue declined 17% year over year due to softer advertising and lower affiliate bonuses, but positive Adjusted EBITDA was maintained. Full-year guidance was reduced, with a focus on seasonal Q4 strength and continued cost discipline.
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Q2 2025 revenue grew 13% year-over-year to $46.4 million, led by strong studio, affiliate, and programmatic gains. Platform dependency was reduced, with 61% of traffic now direct, and full-year guidance was reaffirmed. Adjusted EBITDA reached $2 million, aided by a one-time reversal.
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Q1 2025 saw improved profitability and engagement, with revenue at $36M and net loss halved year-over-year. Programmatic and commerce revenue grew, while content revenue declined. Full-year guidance was reaffirmed amid macro uncertainty and strong AI-driven innovation.
Fiscal Year 2024
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Positive Adjusted EBITDA and improved liquidity were achieved in 2024, driven by cost savings, asset sales, and a strategic pivot to programmatic and affiliate commerce. 2025 guidance projects revenue growth and further EBITDA improvement, with continued investment in AI-native initiatives.
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Q3 2024 saw 7% revenue growth to $64.3M, a $10M year-over-year improvement in Adjusted EBITDA, and a cash balance of $54M. Programmatic advertising and affiliate commerce drove results, while content revenue declined. Updates on Q4 outlook and debt are forthcoming.
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Q2 2024 saw revenue decline 24% year-over-year, but programmatic and affiliate commerce revenues grew, driving a $5 million year-over-year improvement in adjusted EBITDA. Audience engagement and loyalty increased, and Q3 guidance anticipates further revenue and profit growth.