BuzzFeedNASDAQ: BZFD

BuzzFeed (BZFD) stock price has erased some of the gains made earlier this year as concerns about the company continues. It initially surged to a high of $4.5 after Vivek Ramaswamy invested in it a few months ago.

BuzzFeed's Q3 FY 2024 guidance is the highest ever, showcasing a strong business turnaround with significant improvements in engagement and advertising revenues. The $120 million 8.5% convertible debt put option due December 3, 2024, poses a major risk, but management has multiple strategies to address it. Selling First We Feast, refinancing the debt, or extending the put option with warrants are viable solutions to defuse the debt issue.

BuzzFeed, Inc. (NASDAQ:BZFD ) Q2 2024 Earnings Call Transcript August 12, 2024 5:00 PM ET Company Participants Amita Tomkoria - SVP of IR Jonah Peretti - CEO Matt Omer - CFO Operator Good day, and thank you for standing by, and welcome to BuzzFeed, Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (Nasdaq: BZFD) reported improved second quarter (ended June 30, 2024) net loss from continuing operations as compared to the prior-year period, and Adjusted EBITDA2 ahead of the Company's outlook shared on May 13, 2024 and reiterated on July 3, 2024. Second quarter revenues were in line with the Company's outlook, with year-over-year growth in two of BuzzFeed, Inc.'s largest and highest-margin revenue streams - Programmatic Advertising and Affiliate Com.

BuzzFeed is a digital publisher that used to attract a lot of attention from people who thought it was the future of media. Now, it attracts people who think it is mismanaged and want to change the way CEO Jonah Peretti runs the company.

Vivek Ramaswamy's quest to continue remaking Buzzfeed (NASDAQ: BZFD ) has taken a new turn. Indeed, the billionaire and former Republican presidential candidate isn't the only conservative buying up shares of BZFD stock.

Former presidential candidate Vivek Ramaswamy has been buying shares of BuzzFeed. He says he wants to remake the publisher, starting with its board, and insisted on adding 3 new members by July 15.

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (NASDAQ: BZFD) today announced plans to release second quarter 2024 financial results on Monday, August 12, 2024 after the market closes. BuzzFeed, Inc. Founder and CEO Jonah Peretti and CFO Matt Omer will host a conference call to discuss the results at 5:00 PM ET. The financial results conference call will be available via webcast at investors.buzzfeed.com under the heading News & Events. A replay of the call will be made available at the same URL.

BuzzFeed's strategic shift to direct traffic from platform-dependent distribution has deepened user engagement and increased market presence. The sale of Complex Networks has improved liquidity, enabling debt reduction and a focus on core assets and high-margin revenue streams. BuzzFeed's Q1 2024 revenues include $21.4 million from advertising, $13.1 million from content, and $10.2 million from commerce and other segments.