BuzzFeed, Inc. (BZFD) Earnings
BuzzFeed, Inc. is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $-0.14. BZFD has beaten EPS estimates in 2 of its last 11 reported quarters (average surprise -700.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $-0.27 | $-0.40 | -48.1% | $32M | -10.0% |
| Mar 12, 2026 | $0.03 | $-0.72 | -2500.0% | $57M | +61.2% |
| Nov 6, 2025 | $-0.06 | $-0.20 | -233.3% | $46M | -20.7% |
| Aug 7, 2025 | $-0.23 | $-0.28 | -21.7% | $46M | -15.1% |
| May 7, 2025 | — | $-0.33 | — | $36M | — |
| Mar 13, 2025 | $0.36 | $-0.10 | -127.8% | $34M | -77.8% |
| Nov 2, 2023 | $-0.08 | $-0.36 | -350.0% | $73M | -29.9% |
| Mar 13, 2023 | $-0.12 | $0.12 | +200.0% | $135M | +2.6% |
| Nov 14, 2022 | $-0.60 | $-0.64 | -6.7% | $104M | +10.2% |
| Aug 9, 2022 | $-0.52 | $-0.68 | -30.8% | $107M | -1.3% |
| May 16, 2022 | $-0.92 | $-1.12 | -21.7% | $92M | -3.1% |
| Mar 22, 2022 | $0.60 | $1.20 | +100.3% | $146M | +9.3% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 11, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
### Major Strategic Transaction and Leadership Transition - BuzzFeed entered into a transaction agreement with Byron Allen, who will become Chairman and CEO of the company upon transaction closing, expected to occur within the month pending customary closing conditions. - Byron Allen will make a significant personal investment into BuzzFeed via his family office, bringing over 30 years of media industry experience building global distribution, advertising sales, and scaled media assets across television, digital, and streaming. - Founding CEO Jonah Peretti will transition to a newly created role as President of BuzzFeed AI after the transaction closes, to focus full-time on developing AI-powered products and technology for the company. - A spin-off of BuzzFeed Studios into an independent entity is planned, which will house the company's premium studio, vertical microdrama, and digital video businesses to unlock new growth opportunities and improve operational focus for the core BuzzFeed Inc. business. - Planned cost reduction initiatives are underway to streamline the core business and build an efficient, profitable foundation to support new growth initiatives. ### New Strategic Vision - The company's new long-term vision is to expand BuzzFeed and HuffPost into free global streaming video, audio, and user-generated content to compete at scale with major global tech platforms, with an explicit goal of competing directly with YouTube. - The company will leverage proprietary software and artificial intelligence to expand its ability to aggregate, curate, and deliver premium content, alongside continuing to deliver hyper-local, national, and international news via its iconic brands. - Growth will be pursued both organically and via strategic acquisitions, combining AI innovation, existing e-commerce, news, and content businesses to build a valuable platform for global consumers and digital advertisers.
Guidance
- Due to the pending transaction and ongoing strategic restructuring work, management is withholding full-year 2026 financial guidance at this time. - Management plans to release a full update on the company's strategic direction and full financial outlook immediately after the transaction closes.
Segment performance
Total Q1 2026 revenue for BuzzFeed Inc. was $31.6 million, a 12.4% year-over-year decline from Q1 2025. 1. Advertising segment: Revenue was $17.1 million, representing a 19.8% year-over-year decrease, accounting for approximately 54.1% of total Q1 2026 revenue. 2. Content segment: Revenue was $7.5 million, a $3.1 million (69%) year-over-year increase, accounting for approximately 23.7% of total Q1 2026 revenue. 3. Commerce and other segment: Revenue was $6.9 million, a 32% year-over-year decrease, accounting for approximately 21.8% of total Q1 2026 revenue. On a GAAP basis, the company reported a net loss of $15.1 million in Q1 2026, up from a net loss of $12.5 million in Q1 2025. Adjusted EBITDA was negative $7.8 million in Q1 2026, compared to negative $5.9 million in Q1 2025. Total audience engagement, measured by time spent, was 60.6 million hours in Q1 2026, a 10.7% year-over-year decrease from 67.9 million hours in Q1 2025.
Risks & headwinds
- The transaction is still pending, and is subject to customary closing conditions that may prevent it from being completed on schedule or at all. - Forward-looking statements about future performance, strategy, and growth carry inherent uncertainty, and actual results may differ materially from expectations, with key risk factors outlined in the company's recent earnings press release and Form 10-Q filed with the SEC. - The company reported widening net losses and negative adjusted EBITDA in Q1 2026 alongside year-over-year declines in total revenue, advertising revenue, and core audience engagement, indicating ongoing operational and financial pressure prior to the transaction.