BuzzFeed Q3 revenue falls

BuzzFeed

06/11/2025 21:19

Overview

BuzzFeed Q3 revenue falls 17% yr/yr, missing analyst expectations

Adjusted EBITDA for Q3 misses estimates, declining significantly from last year

Company reports net loss from continuing operations, contrasting with last year's net income

Outlook

BuzzFeed expects 2025 revenue between $185 mln and $195 mln

BuzzFeed anticipates 2025 adjusted EBITDA between break-even and $10 mln

As co move into Q4, it expects a seasonal step-up from Q3

Result Drivers

TRAFFIC DIVERSIFICATION - 63% of BuzzFeed.com traffic now comes from direct visits, internal referrals, and app activity, up from 61% in Q2, reducing platform dependency

GEN Z & MILLENNIAL ENGAGEMENT - BuzzFeed remained #1 among Gen Z and Millennials with 10.7 mln hours of Time Spent in Q3, up 25% from Q2

REDUCED NEWS CONSUMPTION - Total U.S. Time Spent was 68.5 mln hours, down from 80.3 mln in Q3 2024, largely due to the absence of elevated news consumption during the presidential election cycle

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$46.32 mln
$54.65 mln (1 Analyst)
Q3 Net Income
-$7.43 mln
Q3 Adjusted EBITDA
Miss
$753,000
$3.70 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 59.3% above its November 5 closing price of $1.63

Press Release: ID:nBw2f9QwNa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)