earnings
confidence high
sentiment positive
materiality 0.70
BuzzFeed Q3 revenue $64.3M (+7% YoY), net income $2M, Adj. EBITDA $11M; CAO resigns
BuzzFeed, Inc.
2024-Q3 EPS reported
-$1.11
revenue$156,007,000
- Revenue $64.3M (+7% YoY); net income from continuing ops $2M vs $(12)M loss in Q3 2023.
- Adjusted EBITDA $11M, near high end of prior outlook.
- Affiliate commerce revenue $19.6M (+53% YoY); programmatic advertising $17.3M (+9% YoY).
- CAO Daniel Weinstein resigns effective Nov 20, 2024 for outside opportunity; no disagreement.