BuzzFeed Q2 withholds quarterly guidance amid restructuring; revenue slump deepens in Q2

BuzzFeed

04/08/2026 22:22

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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(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.)