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

BuzzFeed (NASDAQ:BZFD) posted its quarterly earnings data 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. BuzzFeed had a negative return on equity of 75.23% and a negative net margin of 31.16%.The firm had revenue of $31.57 million during the quarter, compared to analysts’ expectations of $35.08 million.

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 Price Performance

Shares of BZFD traded down $0.09 during midday trading on Monday, reaching $0.73. The stock had a trading volume of 2,825,583 shares, compared to its average volume of 250,202. The company’s 50-day moving average is $0.71 and its 200 day moving average is $0.92. BuzzFeed has a 12-month low of $0.54 and a 12-month high of $2.68. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $27.47 million, a price-to-earnings ratio of -0.48 and a beta of 3.40.

Institutional Investors Weigh In On BuzzFeed

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blair William & Co. IL bought a new stake in shares of BuzzFeed in the 3rd quarter valued at about $29,000. Vanguard Group Inc. lifted its stake 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 lifted its stake in shares of BuzzFeed by 35.8% in 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 during the last quarter. Shay Capital LLC lifted its stake in shares of BuzzFeed by 115.1% in the 3rd quarter. Shay Capital LLC now owns 179,207 shares of the company’s stock valued at $305,000 after acquiring an additional 95,879 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in shares of BuzzFeed by 60.8% in 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 during the last quarter. Institutional investors own 37.64% of the company’s stock.

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.