BuzzFeed
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|---|---|
Revenues | 307m | 318m | 321m | 398m | 437m | 253m | 337m |
% growth | - | 3 % | 1 % | 24 % | 10 % | (42 %) | 33 % |
EBITDA | (58.3m) | (20.8m) | 30.3m | (5.0m) | (47.8m) | (18.7m) | - |
% EBITDA margin | (19 %) | (7 %) | 9 % | (1 %) | (11 %) | (7 %) | - |
Profit | (77.5m) | (37.2m) | 10.3m | 24.7m | (201m) | (88.6m) | - |
% profit margin | (25 %) | (12 %) | 3 % | 6 % | (46 %) | (35 %) | - |
R&D budget | 26.5m | 21.1m | 17.7m | 24.9m | 30.6m | 11.2m | - |
R&D % of revenue | 9 % | 7 % | 5 % | 6 % | 7 % | 4 % | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$150m | Convertible | ||
$288m Valuation: $1.5b 4.7x EV/LTM Revenues 49.4x EV/LTM EBITDA | SPAC IPO | ||
* | N/A | N/A | IPO |
* | N/A | Post IPO Equity | |
* | N/A | Post IPO Equity | |
Total Funding | €588m |
Recent News about BuzzFeed
EditBuzzFeed, Inc. is a digital media company that creates and distributes a wide range of content designed to inform, entertain, and inspire its audience. The company operates primarily in the online media market, targeting a diverse demographic that includes millennials and Gen Z. BuzzFeed's content spans various categories such as news, entertainment, lifestyle, and DIY, catering to a broad spectrum of interests.
BuzzFeed's business model is multifaceted. It generates revenue through several streams, including advertising, sponsored content, affiliate marketing, and e-commerce. Advertising involves displaying ads on their website and social media channels. Sponsored content is created in partnership with brands to promote their products or services in a way that aligns with BuzzFeed's editorial voice. Affiliate marketing involves earning commissions by promoting third-party products and earning a percentage of the sales made through BuzzFeed's referral links. E-commerce includes selling BuzzFeed-branded merchandise and other products directly to consumers.
The company serves a global audience, with a significant presence in the United States. Its clients range from individual consumers who visit the site for content, to businesses and brands that partner with BuzzFeed for advertising and sponsored content opportunities.
BuzzFeed's market is highly competitive, with other digital media companies vying for the same audience and advertising dollars. However, BuzzFeed differentiates itself through its unique voice, viral content, and strong social media presence.
In summary, BuzzFeed is a dynamic digital media company that leverages a variety of revenue streams to monetize its content. It serves a diverse audience with engaging and shareable content across multiple platforms.
Keywords: digital media, viral content, advertising, sponsored content, affiliate marketing, e-commerce, millennials, Gen Z, social media, global audience.