BuzzFeed (NASDAQ:BZFD) Releases Earnings Results, Misses Expectations By $0.13 EPS

BuzzFeed (NASDAQ:BZFD) issued its quarterly earnings results on Monday. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.13), FiscalAI reports. The business had revenue of $31.57 million for the quarter, compared to the consensus estimate of $35.08 million. BuzzFeed had a negative return on equity of 85.64% and a negative net margin of 33.26%.

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

• Byron Allen agreed to invest and will become Chairman and CEO upon closing, bringing a track record in media distribution and scale that management says positions BuzzFeed for a strategic turnaround.
• Company plans material strategic changes including creating an independent BuzzFeed Studios, a stronger AI focus (Jonah Peretti to become President of BuzzFeed AI), and an ambition to expand into free streaming, audio, and user-generated content.
• Q1 2026 revenues fell 12.4% year-over-year to $31.6M, driven by a 19.8% decline in advertising and a 32% drop in commerce and other revenues.
• Profitability and engagement weakened: net loss widened to $15.1M, adjusted EBITDA worsened to negative $7.8M, and time spent declined 10.7% year-over-year to 60.6 million hours.
• The company is withholding full-year guidance and provided no Q&A, stating it will update strategy and financial outlook after the transaction closes, leaving near-term uncertainty for investors.

BuzzFeed Trading Down 7.6%

BZFD traded down $0.11 during trading on Wednesday, hitting $1.29. 8,568,446 shares of the stock were exchanged, compared to its average volume of 1,926,280. The firm has a 50 day simple moving average of $0.72 and a 200 day simple moving average of $0.91. The firm has a market cap of $48.37 million, a price-to-earnings ratio of -0.79 and a beta of 3.40. BuzzFeed has a 1 year low of $0.54 and a 1 year high of $2.68. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.90 and a current ratio of 0.90.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in BuzzFeed by 8.8% during the 3rd quarter. Vanguard Group Inc. now owns 976,888 shares of the company’s stock worth $1,661,000 after purchasing an additional 79,263 shares during the period. Geode Capital Management LLC increased its holdings in BuzzFeed by 35.8% during the 2nd quarter. Geode Capital Management LLC now owns 253,768 shares of the company’s stock worth $508,000 after purchasing an additional 66,895 shares during the period. Shay Capital LLC increased 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 purchasing an additional 95,879 shares during the period. Panagora Asset Management Inc. increased its holdings in BuzzFeed by 60.8% during the 4th quarter. Panagora Asset Management Inc. now owns 107,460 shares of the company’s stock worth $100,000 after purchasing an additional 40,617 shares during the period. Finally, State Street Corp increased its holdings in BuzzFeed by 18.9% during the 4th quarter. State Street Corp now owns 96,328 shares of the company’s stock worth $90,000 after purchasing an additional 15,300 shares during the period. 37.64% of the stock is currently owned by hedge funds and other institutional investors.

BuzzFeed Company Profile

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.