BuzzFeed Achieves Strong Q3 Growth Amid Leadership Changes

An update from BuzzFeed ( (BZFD) ) is now available.

BuzzFeed, Inc. reported a strong financial performance in Q3 2024, with a notable 7% revenue increase year-over-year and a net income of $2 million from continuing operations. The company saw significant growth in its affiliate commerce sector, achieving a 53% rise, and experienced a successful Prime Day outpacing Amazon’s growth. Programmatic advertising also rose by 9%. These results highlight BuzzFeed’s strategic focus on scalable, tech-driven revenue channels, positioning it for future profitability and consistent growth.

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