BuzzFeed (NASDAQ:BZFD) Announces Earnings Results

Posted by on Aug 4th, 2026

BuzzFeed (NASDAQ:BZFD – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.08), Zacks reports. BuzzFeed had a negative net margin of 33.26% and a negative return on equity of 97.22%.

Here are the key takeaways from BuzzFeed’s conference call:

  • Second-quarter results deteriorated: Revenue fell 21.8% year over year to $36.3 million, adjusted EBITDA declined to negative $1.7 million from positive $2 million, and net loss widened to $11.8 million.
  • Audience engagement remained under pressure, with quarterly time spent down 11% year over year to 62.3 million hours, although it improved by 1.7 million hours from the first quarter.
  • Management is pursuing significant cost reductions: A workforce reduction of approximately 35% is expected to generate about $30 million in annualized savings, alongside further savings from office, professional-fee, travel, and hiring reductions.
  • BuzzFeed paid down $20 million of its term loan, reducing the balance to $25 million and net debt to approximately $5 million as of June 30; the move is expected to save more than $2 million in annual interest expense.
  • The company is repositioning itself as an AI-supported content platform and expanding monetization through a sales representation agreement with Allen Media Group, while targeting future growth in streaming, commerce, podcasts, sports, news, and live events.

BuzzFeed Stock Up 3.4%

Shares of NASDAQ:BZFD traded up $0.04 during midday trading on Tuesday, reaching $1.22. The company had a trading volume of 891,912 shares, compared to its average volume of 1,734,508. The stock has a market capitalization of $45.92 million, a P/E ratio of -0.76 and a beta of 3.78. The stock’s fifty day moving average price is $1.42 and its 200-day moving average price is $1.06. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.78 and a quick ratio of 0.78. BuzzFeed has a one year low of $0.54 and a one year high of $2.21.

Insiders Place Their Bets

In related news, Director Terence Hill bought 20,833 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were acquired at an average price of $1.44 per share, for a total transaction of $29,999.52. Following the purchase, the director owned 20,833 shares in the company, valued at $29,999.52. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Eric Gould purchased 33,000 shares of BuzzFeed stock in a transaction dated Wednesday, June 17th. The shares were bought at an average cost of $1.44 per share, for a total transaction of $47,520.00. Following the transaction, the director directly owned 33,000 shares of the company’s stock, valued at approximately $47,520. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 88,194 shares of company stock worth $126,999 over the last quarter. 15.60% of the stock is currently owned by insiders.

Institutional Trading of BuzzFeed

Several institutional investors and hedge funds have recently bought and sold shares of BZFD. Shay Capital LLC lifted its holdings in BuzzFeed by 115.1% during the 3rd quarter. Shay Capital LLC now owns 179,207 shares of the company’s stock worth $305,000 after buying an additional 95,879 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of BuzzFeed by 8.8% in the 3rd quarter. Vanguard Group Inc. now owns 976,888 shares of the company’s stock valued at $1,661,000 after acquiring an additional 79,263 shares during the last quarter. Geode Capital Management LLC raised its position in shares of BuzzFeed by 35.8% during the 2nd quarter. Geode Capital Management LLC now owns 253,768 shares of the company’s stock valued at $508,000 after acquiring an additional 66,895 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of BuzzFeed by 60.8% during the 4th quarter. Panagora Asset Management Inc. now owns 107,460 shares of the company’s stock valued at $100,000 after acquiring an additional 40,617 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its stake in BuzzFeed by 259.0% during the third quarter. Squarepoint Ops LLC now owns 42,698 shares of the company’s stock worth $73,000 after purchasing an additional 30,803 shares during the last quarter. Institutional investors and hedge funds own 37.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BZFD. Weiss Ratings upgraded BuzzFeed from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 20th. Wall Street Zen downgraded BuzzFeed to a “strong sell” rating in a report on Saturday, May 30th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $1.00.

Check Out Our Latest Stock Report on BuzzFeed

About BuzzFeed

(Get Free Report)

BuzzFeed, Inc operates as a digital media and technology company specializing in news, entertainment, and social content. The company produces articles, videos and quizzes that target diverse audiences across web, mobile and social platforms. In addition to editorial content, BuzzFeed offers a suite of advertising solutions, including native advertising, branded content and programmatic display, designed to blend seamlessly with its editorial offerings and engage consumers at scale.

Founded in 2006 by Jonah Peretti and John S.

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Earnings History for BuzzFeed (NASDAQ:BZFD)

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