BuzzFeed Q2 revenue up 13%, beats estimates
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
