Brief: Buzzfeed, Inc. Makes Strategic & Organizational Changes To Improve Profitability After Challenging Q4 And Full Year 2023

BuzzFeed

25/03/2024 21:00

March 25 (Reuters) - BuzzFeed Inc  BZFD.O :
    * BUZZFEED, INC. MAKES STRATEGIC & ORGANIZATIONAL CHANGES TO
IMPROVE PROFITABILITY AFTER CHALLENGING Q4 AND FULL YEAR 2023
    * BUZZFEED INC - COMPANY RENEWS FOCUS ON HIGH-MARGIN REVENUE
STREAMS AND OWNED & OPERATED PROPERTIES AND STRENGTHENS BALANCE
SHEET FOR 2024
    * BUZZFEED INC SEES Q1 OVERALL REVENUES IN RANGE OF $42 TO
$44
MILLION, OR 20% TO 23% LOWER THAN Q1 2023
    * BUZZFEED INC:  QTRLY NET INCOME FROM CONTINUING OPERATIONS
PER
CLASS A, CLASS B AND CLASS C COMMON SHARE $0.03

Source text for Eikon:  ID:nBwVtGRba 
Further company coverage:  BZFD.O 

 ((Reuters.Briefs@thomsonreuters.com;))