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

BuzzFeed (NASDAQ:BZFD) posted its earnings results on Monday. The company reported ($0.40) EPS for the quarter, missing the consensus estimate 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 business had revenue of $31.57 million for 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

BuzzFeed stock traded down $0.09 during midday trading on Monday, hitting $0.73. 2,825,583 shares of the company’s stock were exchanged, compared to its average volume of 250,202. BuzzFeed has a 52-week low of $0.54 and a 52-week high of $2.68. The stock has a 50-day moving average price of $0.71 and a two-hundred day moving average price of $0.92. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $27.47 million, a P/E ratio of -0.48 and a beta of 3.40.

Hedge Funds Weigh In On BuzzFeed

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BZFD. Bank of America Corp DE grew its position in BuzzFeed by 1,615.5% during the fourth quarter. Bank of America Corp DE now owns 14,136 shares of the company’s stock worth $38,000 after buying an additional 13,312 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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 worth $508,000 after purchasing an additional 66,895 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of BuzzFeed in the 2nd quarter worth about $37,000. Raymond James Financial Inc. purchased a new position in shares of BuzzFeed in the 2nd quarter worth about $33,000. Finally, Vanguard Group Inc. boosted its holdings in shares of BuzzFeed by 8.8% in 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 in the last quarter. 37.64% of the stock is currently owned by hedge funds and other institutional investors.

About BuzzFeed

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.