BZFD News and Press, BuzzFeed Inc. From 12/08/22

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BuzzFeed stock ( NASDAQ: BZFD ) has gained 4.8% after hours as the company reaffirmed quarterly guidance a day after the company said it would implement cost restructuring that would include laying off about 12% of the workforce. After the restructuring announcement, the compa...

BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD), a premier digital media company for the most diverse, most online, and most socially engaged generations the world has ever seen, today has reaffirmed its fourth quarter 2022 financial outlook following yeste...

BuzzFeed (NASDAQ: BZFD) announced Tuesday that it will be cutting almost 12% of its workforce, around 180 employees. The move comes amid the declining economic climate, its acquisition of Complex Networks, and an audience shift to short-form, vertical video. Shares hit a new low of USD1.06 ...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips One of the hardest-hit companies this year,  BuzzFeed  (NASDAQ: BZFD ) continues to hover around its all-time lows. With significant pressure on the company, it’s perhaps unsurprising to know Buzzfeed layoffs...

BuzzFeed ( NASDAQ: BZFD ) said Tuesday it plans to cut costs by implementing ~12% reduction in its workforce . The job cuts are aimed at reducing costs in response to challenging macroeconomic conditions, completing integration of Complex Media and eliminating redundancies, and an...

BuzzFeed, Inc. (BZFD) Q3 2022 Results Conference Call November 14, 2022 5:00 PM ET Company Participants Amita Tomkoria - Senior Vice President of Investor Relations Jonah Peretti - Founder, Chairman and CEO Marcela Martin - President Felicia DellaFortuna - CF...

Buzzfeed press release ( NASDAQ: BZFD ): Q3 GAAP EPS of -$0.19 misses by $0.02 . Revenue of $103.73M (+15.1% Y/Y) beats by $9.59M . Adjusted EBITDA 2 loss was $2.4 million, compared to Adjusted EBITDA of $6.0 million in the third quarter of 2021 Time sp...

Results exceeded August outlook for both Revenue and Adjusted EBITDA Q3 Revenue grew 15% year-over-year to $104 million BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD), a premier digital media company for the most diver...

Summary The New York Times continues to grow and create value for its investors, but some issues have come about. Higher costs and a slowdown in growth is discouraging, but management remains optimistic about the future. Shares are now looking a bit lofty, leading me to lower ...