BuzzFeed, Inc. Makes Strategic & Organizational Changes to Improve Profitability After Challenging Q4 and Full Year 2023
BuzzFeed, Inc. - Class A (BZFD)
Company Research
Source: Business Wire
Company Renews Focus on High-Margin Revenue Streams and Owned & Operated Properties and Strengthens Balance Sheet for 2024Sale of Complex Marks an Important Milestone for BuzzFeed, Inc. NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc.’s (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) fourth quarter and full year (ended December 31, 2023) financial results were in line with its revised outlook shared in February, but fell short of its initial expectations. Looking ahead, following key strategic organizational changes, BuzzFeed is optimistic about 2024 with a commitment to high-margin revenue streams and a renewed focus on its owned and operated websites and apps.“Three months into 2024, it’s clear BuzzFeed and digital media are at an inflection point,” said Jonah Peretti, BuzzFeed Founder & CEO. “We’ve restructured our business to focus on our scalable, high-margin, and tech-led revenue streams. We are leveraging AI tools to optimize our owned and operated platforms, accelerate innovation, an
Show less
Read more
Impact Snapshot
Event Time:
BZFD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BZFD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BZFD alerts
High impacting BuzzFeed, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
BZFD
News
- BuzzFeed, Inc. to Release First Quarter 2024 Financial Results on Monday, May 13, 2024 [Yahoo! Finance]Yahoo! Finance
- BuzzFeed, Inc. to Release First Quarter 2024 Financial Results on Monday, May 13, 2024Business Wire
- My Best Current Micro-Cap Idea: BuzzFeed, Inc. [Seeking Alpha]Seeking Alpha
- The Independent Takes Control of BuzzFeed UK and HuffPost UK [BNN Bloomberg (Canada)]BNN Bloomberg
- The Independent and BuzzFeed Sign Long-Term License and Strategic Partnership in UK & Ireland [Yahoo! Finance]Yahoo! Finance
BZFD
Earnings
- 8/8/23 - Miss
BZFD
Sec Filings
- 4/26/24 - Form 8-K
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEF
- BZFD's page on the SEC website