Tuesday, April 12, 2016

 

Buzzfeed missed its revenue target last year, and this year isn't looking much better

Buzzfeed missed its $250 million revenue target last year, according to the Financial Times, and generated only $170 million.

Because of this, Buzzfeed has also halved its revenue prediction for next year from $500 million to $250 million.

Buzzfeed disputed the figures but did not give its own figures, telling the Financial Times, “We are very pleased with where BuzzFeed is today and where it will be tomorrow.”

Business Insider reached out for comment and will update this article when we hear back.

Although Buzzfeed has generated large investments from the likes of Andreesen Horowitz and NBCUniversal, and has proven it's capable of creating compelling content that reaches many users. However, its business model of creating custom branded content is not scaling well, according to the FT.

Buzzfeed may be considering moving deeper into television with a tie-up with NBCUniversal, the FT reported, echoing a move Mashable made just last week, and Vice did in launching Viceland

Date
Labels: ,
Tags : ,

Share

Social

The idea behind the text.
Respect for the truth is almost the basis of all morality.
Nothing can come from nothing.



Popular Topics

Read

Well, the way they make shows is, they make one show. That show's called a pilot. Then they show that show to the people who make shows, and on the strength of that one show they decide if they're going to make more shows.

Like you, I used to think the world was this great place where everybody lived by the same standards I did, then some kid with a nail showed me I was living in his world, a world where chaos rules not order, a world where righteousness is not rewarded. That's Cesar's world, and if you're not willing to play by his rules, then you're gonna have to pay the price.

You think water moves fast? You should see ice. It moves like it has a mind. Like it knows it killed the world once and got a taste for murder. After the avalanche, it took us a week to climb out. Now, I don't know exactly when we turned on each other, but I know that seven of us survived the slide... and only five made it out. Now we took an oath, that I'm breaking now. We said we'd say it was the snow that killed the other two, but it wasn't. Nature is lethal but it doesn't hold a candle to man.

You see? It's curious. Ted did figure it out - time travel. And when we get back, we gonna tell everyone. How it's possible, how it's done, what the dangers are. But then why fifty years in the future when the spacecraft encounters a black hole does the computer call it an 'unknown entry event'? Why don't they know? If they don't know, that means we never told anyone. And if we never told anyone it means we never made it back. Hence we die down here. Just as a matter of deductive logic.