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BZFD (BuzzFeed) EBIT : $-8.9 Mil (TTM As of Sep. 2024)


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What is BuzzFeed EBIT?

BuzzFeed's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $5.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $-8.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BuzzFeed's annualized ROC % for the quarter that ended in Sep. 2024 was 5.01%. BuzzFeed's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 40.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BuzzFeed's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -3.90%.


BuzzFeed EBIT Historical Data

The historical data trend for BuzzFeed's EBIT 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 EBIT Chart

BuzzFeed Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -40.27 13.02 3.62 -122.19 -42.65

BuzzFeed Quarterly Data
Dec18 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT 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 Premium Member Only Premium Member Only Premium Member Only -7.91 9.29 -21.41 -2.68 5.89

Competitive Comparison of BuzzFeed's EBIT

For the Internet Content & Information subindustry, BuzzFeed's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BuzzFeed's EV-to-EBIT Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, BuzzFeed's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where BuzzFeed's EV-to-EBIT falls into.



BuzzFeed EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.9 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) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

BuzzFeed's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=14.316 * ( 1 - -5.92% )/( (305.41 + 300.367)/ 2 )
=15.1635072/302.8885
=5.01 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

BuzzFeed's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=23.568/( ( (46.835 + max(15.027, 0)) + (40.975 + max(12.586, 0)) )/ 2 )
=23.568/( ( 61.862 + 53.561 )/ 2 )
=23.568/57.7115
=40.84 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(46.954 + 0 + 19.26) - (31.765 + 1.021 + 18.401)
=15.027

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49.625 + 0 + 17.572) - (35.6 + 1.313 + 17.698)
=12.586

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

BuzzFeed's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=-8.9/228.034
=-3.90 %

* 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 EBIT Related Terms

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BuzzFeed Business Description

Traded in Other Exchanges
N/A
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, social food network; original reporting and investigative journalism through BuzzFeed News and HuffPost; an industry- 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
Comcast Corp 10 percent owner ONE COMCAST CENTER, PHILADELPHIA PA 19103-2838
Matthew Omer officer: CFO C/O BUZZFEED, INC., 229 W. 43RD ST., NEW YORK NY 10036
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