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BuzzFeed (BuzzFeed) Net Income : $-88.6 Mil (TTM As of Dec. 2023)


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What is BuzzFeed Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. BuzzFeed's Net Income for the three months ended in Dec. 2023 was $-11.0 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-88.6 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. BuzzFeed's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-0.31.


BuzzFeed Net Income Historical Data

The historical data trend for BuzzFeed's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BuzzFeed Net Income Chart

BuzzFeed Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial -37.19 10.34 24.71 -200.96 -88.58

BuzzFeed Quarterly Data
Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -105.44 -36.00 -27.84 -13.72 -11.02

BuzzFeed Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

BuzzFeed's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-58.73+-1.602+-28.99+0.74299999999999
=-88.6

BuzzFeed's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=19.134+-1.437+0+-28.717
=-11.0

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-88.6 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


BuzzFeed  (NAS:BZFD) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

BuzzFeed's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


BuzzFeed Net Income Related Terms

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BuzzFeed (BuzzFeed) Business Description

Traded in Other Exchanges
Address
229 West 43rd Street, New York, NY, USA, 10036
BuzzFeed Inc is a tech-powered, diversified media company that reaches hundreds of millions globally through its cross-platform news and entertainment network. The company produces articles, lists, quizzes, videos, and original series; lifestyle content through brands including Tasty, the world's largest social food network; original reporting and investigative journalism through BuzzFeed News and HuffPost; an industry- leading affiliate business, strategic partnerships, licensing and product development through BuzzFeed Commerce; and original productions across broadcast, cable, SVOD, film and digital platforms for BuzzFeed Studios.
Executives
Johnson John S. Iii other: Member of 10% Group C/O CRM MANAGEMENT, PO BOX 778, NEW YORK NY 10013
Matthew Omer officer: CFO C/O BUZZFEED, INC., 229 W. 43RD ST., NEW YORK NY 10036
Comcast Corp 10 percent owner ONE COMCAST CENTER, PHILADELPHIA PA 19103-2838
Janet L Rolle director 75 WEST 125TH STREET, NEW YORK NY 10027
Joan Lordi Amble director AMERICAN EXPRESS COMPANY, 200 VESEY STREET, NEW YORK NY 10285
David Arroyo officer: Chief Legal Officer 229 W. 43RD ST., NEW YORK NY 10036
Daniel Weinstein officer: Chief Accounting Officer C/O BUZZFEED, INC., 229 W. 43RD ST., NEW YORK NY 10036
Marcela Martin officer: President C/O SQUARESPACE, INC., 225 VARICK STREET, 12TH FLOOR, NEW YORK NY 10014
Johnson Bf, Llc other: Member of 10% Group C/O CRM MANAGEMENT, PO BOX 778, NEW YORK NY 10013
Adam Rothstein director, officer: Executive Chairman 101 CROSS HWY, WESTPORT CA 92610
Gregory Coleman director C/O MEREDITH CORP., 1716 LOCUST STREET, DES MOINES IA 50309
Phuong Dao Nguyen officer: Publisher C/O BUZZFEED, INC., 111 EAST 18TH STREET, NEW YORK NY 10003
Christian Baesler officer: Chief Operating Officer 111 EAST 18TH STREET, NEW YORK NY 10003
Felicia Dellafortuna officer: Chief Financial Officer C/O BUZZFEED, INC., 111 EAST 18TH STREET, NEW YORK NY 10003
Rhonda Powell officer: Chief Legal Officer C/O BUZZFEED, INC., 111 EAST 18TH STREET, NEW YORK NY 10003