BuzzFeed reports Q1 EPS (33c) vs. (74c) last year

Reports Q1 revenue $36.02M vs. $37.01M last year. Time spent across BuzzFeed’s (BZFD) properties modestly increased to 67.9M hours, compared to 67.3M hours in Q1 2024. “This quarter reflects the strength of our core publishing business and the momentum we’re building with AI-assisted tools,” said Jonah Peretti, BuzzFeed Founder and CEO. “Editorial output increased this quarter, and a new AI tool we’re piloting improved pageviews per article by an average of 25%. We’re also seeing new user behaviors emerge as audiences engage with AI-powered creation formats on BuzzFeed, and we’re excited to build on that with the development of BF Island.”