Investing.com Australia
3 days agoEarnings call: BuzzFeed reports Q1 revenue decline, eyes AI for growth By Investing.com
BuzzFeed's Q1 2024 revenues fell by 18% YoY to $44.8 million.
Programmatic advertising for BuzzFeed and HuffPost grew by 6% YoY.
BuzzFeed completed a restructuring program, saving $23 million annually.
Q2 outlook predicts a revenue decline of 21-30% YoY. [ more ]