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BuzzFeed (BZFD)
NASDAQ:BZFD
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Earnings Data
Report Date
Mar 13, 2025After Close Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
$0.12Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -3.00%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong quarter for BuzzFeed with significant improvements in revenue, profitability, and audience engagement. However, there were some challenges in direct sales and content revenue that need addressing. Overall, the positives significantly outweighed the negatives, indicating a positive outlook.Company Guidance
During BuzzFeed's Q3 2024 earnings call, the company reported a 13% quarter-over-quarter and 2% year-over-year increase in audience time spent, reaching 80 million hours, as per comScore data. Revenue grew by 7% year-over-year to $64.3 million, driven by a 9% increase in Programmatic Advertising and a remarkable 53% rise in Affiliate Commerce, highlighted by the company's most successful Prime Day to date. BuzzFeed's adjusted EBITDA surged to approximately $11 million, marking a $10 million improvement from the previous year. The company also grew its cash balance by $8 million compared to the previous quarter, ending Q3 with $54 million in cash. This performance underscores BuzzFeed's focus on stabilizing the business and enhancing profitability, setting a strong foundation for future growth.Revenue Growth
Overall revenues for Q3 2024 grew 7% year-over-year to $64.3 million, exceeding the August outlook, driven by strong performance in Programmatic Advertising and Affiliate Commerce.
Affiliate Commerce Success
Affiliate Commerce revenues grew by 53%, with the biggest Prime Day ever in July, surpassing even Amazon's overall Prime Day growth.
Adjusted EBITDA Improvement
Adjusted EBITDA for Q3 was approximately $11 million, a nearly fourfold increase from Q2 and a $10 million improvement year-over-year compared to the previous year.
Cash Balance Increase
The company increased its cash balance by $8 million versus Q2, ending the quarter with $54 million in cash.
Audience Engagement Growth
Audience time spent grew 13% quarter-over-quarter and 2% year-over-year to 80 million hours, marking the first year-over-year growth in time spent since Q1 2023.
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BZFD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BZFD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $3.00 | $2.91 | -3.00% |
| Aug 12, 2024 | $2.24 | $2.82 | +25.89% |
| May 13, 2024 | $2.12 | $2.05 | -3.30% |
| Mar 25, 2024 | $1.61 | $1.60 | -0.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does BuzzFeed (BZFD) report earnings?
BuzzFeed (BZFD) is schdueled to report earning on Mar 13, 2025, After Close Not Confirmed.
What is BuzzFeed (BZFD) earnings time?
BuzzFeed (BZFD) earnings time is at Mar 13, 2025, After Close Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BZFD EPS forecast?
Currently, no data Available
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