Estados financieros detallados de BuzzFeed, Inc. (BZFD): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
BuzzFeed, Inc. registró ingresos de $185.3M en el último ejercicio fiscal, con un CAGR de 5 años del -10.4%.
Márgenes de los últimos 12 meses: margen bruto 39.2%, margen operativo -14.2%, margen neto -35.9%.
Al precio actual de $1.09, BZFD presenta beneficios negativos (P/E no significativo) y un ROE del -116.94%. La capitalización bursátil es de $42M.
Cuenta de Resultados (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $307.3M | $317.9M | $321.3M | $397.6M | $325.8M | $252.7M | $189.9M | $185.3M |
| Coste de Ventas | $169.6M | $150.3M | $140.3M | $207.4M | $184.5M | $142.4M | $105.1M | $126.0M |
| Beneficio Bruto | $137.6M | $167.6M | $181.0M | $190.2M | $141.2M | $110.3M | $84.8M | $59.3M |
| I+D | $26.5M | $21.1M | $17.7M | $24.9M | $27.1M | $11.2M | $10.9M | $10.8M |
| Generales y Administrativos | $169.4M | $167.3M | $133.7M | $167.5M | $155.5M | $117.0M | $78.4M | $66.2M |
| Gastos Operativos | $217.7M | $207.8M | $168.9M | $215.3M | $255.8M | $150.1M | $108.4M | $72.4M |
| Beneficio Operativo | -$80.1M | -$40.3M | $12.1M | -$25.2M | -$114.6M | -$39.8M | -$23.5M | -$13.1M |
| EBITDA | -$58.3M | -$20.8M | $30.5M | $25.5M | -$85.8M | -$20.7M | -$7.4M | -$35.4M |
| Gastos por Intereses | 0 | 0 | $923000 | $3.2M | $6.4M | $16.1M | $6.8M | $5.7M |
| Beneficio Antes de Impuestos | -$77.6M | -$37.3M | $12.1M | -$528000 | -$114.8M | -$58.7M | -$33.3M | -$56.9M |
| Impuestos | $902000 | -$358000 | $941000 | -$26.4M | $2.7M | $1.6M | $662000 | $386000 |
| Beneficio Neto | -$77.5M | -$37.2M | $10.3M | $24.7M | -$201.0M | -$88.6M | -$10.1M | -$57.7M |
| BPA | $-2.05 | $-1.12 | $3.45 | $0.73 | $-5.82 | $-2.48 | $-0.27 | $-1.53 |
| BPA Diluido | $-2.05 | $-1.12 | $3.45 | $0.73 | $-5.82 | $-2.48 | $-0.27 | $-1.53 |
| Acciones en Circulación (Diluidas) | $37.9M | $33.3M | $33.3M | $33.8M | $34.5M | $35.8M | $37.4M | $37.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $46.3M | $56.5M | $31.6M | $36.3M |
| Beneficio Bruto | $16.7M | $27.4M | $9.2M | $13.5M |
| Beneficio Operativo | -$6.0M | $5.5M | -$13.5M | -$10.3M |
| EBITDA | -$2.8M | -$21.3M | -$11.9M | -$5.7M |
| Beneficio Neto | -$7.4M | -$26.8M | -$15.2M | -$11.8M |
| BPA | $-0.20 | $-0.72 | $-0.40 | $-0.22 |
| BPA Diluido | $-0.20 | $-0.72 | $-0.40 | $-0.22 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $58.5M | $90.6M | $79.7M | $55.8M | $35.6M | $38.6M | $8.5M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $99.5M | $106.3M | $142.9M | $116.5M | $75.7M | $48.9M | $45.5M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $170.3M | $208.5M | $251.7M | $198.6M | $132.8M | $100.9M | $86.1M |
| Inmovilizado Material | $29.5M | $25.5M | $23.1M | $84.4M | $58.6M | $34.8M | $27.5M |
| Fondo de Comercio | 0 | 0 | $194.9M | $57.6M | $57.6M | $43.3M | $13.1M |
| Activos Intangibles | $15.9M | $17.9M | $153.1M | $50.3M | $49.0M | $11.8M | $10.2M |
| Activos Totales | $245.1M | $279.2M | $637.2M | $530.0M | $438.2M | $221.4M | $188.1M |
| Cuentas por Pagar | $10.0M | $8.4M | $16.0M | $29.3M | $46.4M | $14.3M | $19.5M |
| Deuda a Corto | 0 | 0 | 0 | 0 | $125.0M | $47.6M | $30.5M |
| Pasivos Corrientes | $51.7M | $57.2M | $94.1M | $122.9M | $227.8M | $96.8M | $95.2M |
| Deuda a Largo | 0 | $20.4M | $141.9M | $152.3M | $33.8M | $15.1M | $27.9M |
| Pasivos Totales | $568.5M | $593.0M | $262.3M | $335.4M | $327.0M | $114.5M | $138.1M |
| Reservas | -$357.2M | -$346.8M | -$322.1M | -$523.1M | -$611.8M | -$621.9M | -$679.6M |
| Patrimonio Neto | -$323.4M | -$313.8M | $370.5M | $191.2M | $108.8M | $104.8M | $49.4M |
| Deuda Total | 0 | $20.4M | $141.9M | $235.0M | $218.3M | $62.7M | $85.8M |
| Deuda Neta | -$58.5M | -$70.2M | $62.1M | $179.2M | $182.7M | $24.1M | $77.4M |
| Capital Circulante | $118.7M | $151.3M | $157.5M | $75.7M | -$95.0M | $4.0M | -$9.1M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $34.3M | $8.5M | $6.8M | $16.3M |
| Activos Totales | $211.2M | $188.1M | $169.1M | $151.1M |
| Pasivos Totales | $134.6M | $138.1M | $132.3M | $99.7M |
| Patrimonio Neto | $75.9M | $49.4M | $36.1M | $50.7M |
| Deuda Total | $82.6M | $85.8M | $80.6M | $50.0M |
Flujo de Caja (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$78.5M | -$36.9M | $11.2M | $3.9M | -$117.6M | -$55.7M | -$34.0M | -$57.3M |
| Amortizaciones | $21.8M | $19.4M | $17.5M | $22.1M | $22.7M | $20.3M | $19.1M | $15.8M |
| Compensación en Acciones | $5.0M | $2.8M | $1.2M | $23.6M | $18.6M | $5.3M | $5.5M | $5.8M |
| Cambio en Capital Circulante | -$20.9M | -$4.9M | -$1.2M | -$16.8M | $17.8M | $2.9M | -$19.2M | -$35.7M |
| Flujo de Caja Operativo | -$72.7M | -$20.2M | $27.6M | $797000 | -$7.9M | -$6.1M | -$20.7M | -$18.7M |
| Inversiones (CapEx) | -$17.9M | -$8.6M | -$14.5M | -$16.0M | -$17.8M | -$14.9M | -$12.8M | -$2.0M |
| Adquisiciones | $17.9M | $8.6M | -$265000 | -$192.0M | 0 | 0 | 0 | -$233000 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$3.3M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$90.6M | -$28.8M | $13.0M | -$15.2M | -$25.6M | -$21.0M | -$33.4M | -$20.7M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $1.7M | -$11.7M | $2.7M | -$5.3M |
| Inversiones (CapEx) | -$4.1M | -$3.0M | -$244000 | -$313000 |
| Flujo de Caja Libre | -$2.4M | -$14.8M | $2.4M | -$5.6M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $1.7M | $1.5M | $1.6M | $3.1M |
Crecimiento y Márgenes (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +3.5% | +1.1% | +23.7% | -18.1% | -22.4% | -24.8% | -2.4% |
| Crecimiento Beneficio Neto (anual) | | +52.0% | +127.8% | +139.1% | -913.2% | +55.9% | +88.6% | -471.8% |
| Crecimiento BPA (anual) | | +45.4% | +408.0% | -78.8% | -897.3% | +57.4% | +89.1% | -466.7% |
| Cambio en Acciones (anual) | | -12.1% | +0.0% | +1.4% | +2.3% | +3.6% | +4.5% | +1.2% |
| Crecimiento FCF (anual) | | +68.2% | +145.1% | -217.0% | -68.4% | +18.1% | -59.3% | +38.1% |
| Margen Bruto | 44.8% | 52.7% | 56.3% | 47.8% | 43.4% | 43.7% | 44.7% | 32.0% |
| Margen Operativo | -26.1% | -12.7% | 3.8% | -6.3% | -35.2% | -15.8% | -12.4% | -7.1% |
| Margen EBITDA | -19.0% | -6.5% | 9.5% | 6.4% | -26.3% | -8.2% | -3.9% | -19.1% |
| Margen Neto | -25.2% | -11.7% | 3.2% | 6.2% | -61.7% | -35.1% | -5.3% | -31.2% |
| Margen FCF | -29.5% | -9.1% | 4.1% | -3.8% | -7.9% | -8.3% | -17.6% | -11.2% |
| Tasa Impositiva Efectiva | -1.2% | 1.0% | 7.8% | 5000.8% | -2.4% | -2.7% | -2.0% | -0.7% |
Datos por Acción (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-2.39 | $-0.87 | $0.39 | $-0.45 | $-0.74 | $-0.59 | $-0.89 | $-0.55 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $37.9M | $33.3M | $33.3M | $33.8M | $34.5M | $35.8M | $37.4M | $37.8M |
Qué mirar en empresas de Communication Services
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -116.94% |
| Rentabilidad sobre capital invertido | -9.63% |
| Rentabilidad sobre activos | -30.68% |
| Margen bruto | 39.18% |
| Margen operativo | -14.22% |
| Margen neto | -35.90% |
Salud financiera
| Deuda / Patrimonio | 0.99 |
| Ratio corriente | 1.01 |
| Piotroski F-Score | 2 |
| Altman Z-Score | -4.21 |
Ratios Clave (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -19.10 | -34.96 | 11.35 | 29.21 | -0.47 | -0.40 | -9.89 | -0.61 |
| P/VC | 0.00 | -4.03 | -4.15 | 1.94 | 0.50 | 0.33 | 0.95 | 0.71 |
| P/V | 4.82 | 4.10 | 4.06 | 1.81 | 0.29 | 0.14 | 0.53 | 0.19 |
| Margen Bruto | 44.8% | 52.7% | 56.3% | 47.8% | 43.4% | 43.7% | 44.7% | 32.0% |
| Margen Operativo | -26.1% | -12.7% | 3.8% | -6.3% | -35.2% | -15.8% | -12.4% | -7.1% |
| Margen Neto | -25.2% | -11.7% | 3.2% | 6.2% | -61.7% | -35.1% | -5.3% | -31.2% |