BuzzFeed reports Q2 2026 financial results
Revenue declined 21.8% to $36.3 million, with net loss widening to $11.8 million and adjusted EBITDA turning negative.
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In short: BuzzFeed appointed Byron Allen as CEO after he took a majority stake, subsequently cutting a third of its staff amid declining revenues.
Revenue declined 21.8% to $36.3 million, with net loss widening to $11.8 million and adjusted EBITDA turning negative.
The deal includes a slate of original IP, reimagined classics, and shoppable formats for platforms like TikTok and Instagram Reels.
Washington will chair the Compensation Committee, replacing Greg Coleman.
Chairman and CEO Byron Allen, President of AI Jonah Peretti, and CFO Matt Omer will host a conference call at 5 PM ET.
BuzzFeed ( ) has issued an update. On September 11, 2026, BuzzFeed, Inc. entered into a share purchase agreement with Allen Family Digital, LLC, an...
BuzzFeed analysis: persistent revenue declines, losses, and dilution despite restructuring. Click for more on BZFD stock.
BuzzFeed said it was taking steps to significantly reduce costs, as it reported a wider loss and a drop in revenue in its second quarter...
The media mogul explains why he bought the struggling digital publisher, how video can revive its business, and why Black ownership remains central to his...
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