Overview
BuzzFeed Q2 revenue grows 13% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 beats estimates, reaching $2.0 mln
Co highlights growth in programmatic ads and affiliate commerce
Outlook
BuzzFeed reaffirms 2025 revenue guidance of $195 mln to $210 mln
Company expects 2025 adjusted EBITDA between $10 mln and $20 mln
BuzzFeed plans to expand BF Island beta testing by end of Q3 2025
Result Drivers
PROGRAMMATIC ADVERTISING - Grew 11% yr/yr to $17.4 mln, driven by improved yield and targeting
AFFILIATE COMMERCE - Increased 23% yr/yr, supported by strong audience demand and expanding partner base
CONTENT REVENUE - Rose 53% yr/yr to $10.7 mln, primarily due to a successful feature film project
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$46.39 mln
$39.40 mln (1 Analyst)
Q2 Net Income
-$10.63 mln
Q2 Adjusted EBITDA
Beat
$1.98 mln
-$2.89 mln (1 Analyst)
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for BuzzFeed Inc is $4.00, about 47.3% above its August 6 closing price of $2.11
Press Release: ID:nBw34lv3Na
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)