BuzzFeed Q2 withholds quarterly guidance amid restructuring; revenue slump deepens in Q2
BuzzFeed Q2 withholds quarterly guidance amid restructuring; revenue slump deepens in Q2
Overview
US digital media firm's Q2 revenue fell 22% yr/yr as all segments declined
Adjusted EBITDA turned negative from a positive result in Q2 2025
Shares of the company were down about 8% in extended trading
Company cut costs and signed sales deal with Allen Media Group to boost monetization
Outlook
Company withholds quarterly guidance, pointing instead to full-year targets amid ongoing restructuring
Result Drivers
COST STRUCTURE RESTRUCTURING - Co said results reflect actions to reduce unsustainable costs and realign expenses with business needs, per CEO Byron Allen
BUSINESS MODEL SHIFT - Co said it is transitioning from a traditional publishing model to a platform approach, aiming for operational flexibility and innovation, per President Jonah Peretti
Company press release: ID:nBwtjlwDa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | $36.29 mln | $43.11 mln (1 Analyst) | |
Q2 Net Loss |
| $11.81 mln |
|
Q2 Adjusted EBITDA |
| -$1.73 mln | $213,000 (1 Analyst) |
Q2 Income From Operations |
| -$10.31 mln |
|
Q2 Pretax Loss |
| $11.61 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the online services peer group is "buy."
Wall Street's median 12-month price target for BuzzFeed Inc is $1.00, about 15.3% below its August 3 closing price of $1.18
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
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