Dow Jones Newswires: BuzzFeed expects 30% revenue growth in the first quarter


Digital-media publisher BuzzFeed Inc. said it expects reported revenue to grow by about 30% in the current quarter.

The company

said that pro-forma revenue, which includes sales from recently acquired Complex Networks in the year-ago period, is expected to decline by a low single-digit percentage.

The company also expected an adjusted loss before interest, taxes, depreciation, and amortization of between $15 million and $20 million.

The company said stock-based compensation expenses are expected to be between $3.5 million and $4.5 million. In the fourth quarter, stock-based compensation cost the newly public company $22.7 million.

Write to Will Feuer at

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