Revenue
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $965.7M | $1.07B | $1.05B | $903.5M | $760.9M | $539.5M | $488.9M |
| Gross profit | $684.1M | $1.07B | $1.03B | $654.0M | $760.5M | $395.9M | $349.2M |
| Gross margin | 70.85% | 99.77% | 98.07% | 72.39% | 99.95% | 73.38% | 71.41% |
| Research & development | $121.5M | $100.7M | $130.6M | $109.0M | — | — | — |
| Operating expenses | $1.77B | $1.77B | $998.5M | $1.01B | $895.6M | $616.8M | $395.7M |
| Operating income | −$805.8M | −$700.5M | $53.4M | −$102.8M | −$134.7M | −$77.2M | $93.3M |
| Operating margin | −83.44% | −65.36% | 5.07% | −11.38% | −17.70% | −14.32% | 19.07% |
| EBITDA | −$779.9M | −$629.9M | $121.4M | −$13.1M | −$27.6M | $14.5M | $100.0M |
| EBITDA margin | −80.77% | −58.77% | 11.54% | −1.45% | −3.63% | 2.69% | 20.45% |
| Net income | −$693.1M | −$557.0M | −$4.2M | −$79.7M | $309.8M | −$110.3M | $66.1M |
| Net profit margin | −71.78% | −51.98% | −0.40% | −8.83% | 40.72% | −20.44% | 13.53% |
| Basic EPSper basic share | -$5.95 | -$4.61 | -$0.03 | -$0.62 | $1.50 | -$0.04 | $0.00 |
| Diluted EPSper diluted share | -$5.95 | -$4.61 | -$0.03 | -$0.62 | $1.45 | -$0.04 | $0.00 |
Reported shareholders
| Holder | % owned |
|---|---|
Blackstone Inc. | 17.01%22.43M shares |
BTOA L.L.C. / BCP Buzz Holdings L.P. / BMA VII NQ L.L.C. / Blackstone Holdings III GP L.P. / Blackstone Tactical Opportunities Associates L.L.C. / BTO Buzz Holdings II L.P. / Blackstone Management Associates VII NQ L.L.C. / BCP VII Holdings Manager - NQ L.L.C. / BTO Holdings Manager L.L.C. / Blackstone Holdings III L.P. | ≈17.01%22.43M shares |
BTOA - NQ L.L.C. / BXG Side-by-Side GP L.L.C. / Blackstone Family Investment Partnership - Growth ESC L.P. / Blackstone Tactical Opportunities Associates III - NQ L.P. / Blackstone Tactical Opportunities Fund - FD L.P. / Blackstone Holdings I/II GP L.L.C. / Blackstone Holdings II L.P. / BTO DE GP - NQ L.L.C. | ≈17.01%22.43M shares |
BXG Buzz Holdings L.P. / Blackstone Growth Associates L.P. / Blackstone Buzz Holdings L.P. / BXG Holdings Manager L.L.C. / BTO Holdings Manager - NQ L.L.C. / Blackstone Strategic Opportunity Associates L.L.C. / Blackstone Tactical Opportunities Associates - NQ L.L.C. / Blackstone Holdings III GP Management L.L.C. / BXGA L.L.C. / BSOF Buzz Aggregator L.L.C. | ≈17.01%22.43M shares |
BX Buzz ML-3 Holdco L.P. / BX Buzz ML-5 Holdco L.P. / BX Buzz ML-7 Holdco L.P. / BX Buzz ML-4 Holdco L.P. / BX Buzz ML-6 Holdco L.P. / BX Buzz ML-1 Holdco L.P. / BX Buzz ML-2 Holdco L.P. | ≈17.01%22.43M shares |
BlackRock, Inc. | 6.24%8.23M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 4.82%6.36M shares |
Saba Capital Management, L.P. | 4.22%5.56M shares |
Accel Growth Fund V Associates L.L.C. | 3.83%5.05M shares |
DIMENSIONAL FUND ADVISORS LP | 3.63%4.78M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 3.01%3.97M shares |
RENAISSANCE TECHNOLOGIES LLC | 2.83%3.73M shares |
BANK OF AMERICA CORP /DE/ | 2.25%2.96M shares |
AQR CAPITAL MANAGEMENT LLC | 2.18%2.88M shares |
STATE STREET CORP | 1.96%2.59M shares |
PRUDENTIAL FINANCIAL INC | 1.94%2.56M shares |
GEODE CAPITAL MANAGEMENT, LLC | 1.93%2.55M shares |
Qube Research & Technologies Ltd | 1.84%2.43M shares |
FEDERATED HERMES, INC. | 1.62%2.14M shares |
DEUTSCHE BANK AG\ | 1.54%2.03M shares |
Percentages use 131.86M shares of this listed class outstanding on Jun 30, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Reported positions exceed 100% in total, so the circle shows the selected holder only.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 16, 2026Form 4 | BX Buzz ML-2 GP LLC +9TenPercentOwner | SellClass A Common Stock · indirect | 6.5K | $3.78 | $24.4K | 19.4K |
| Jun 16, 2026Form 4 | BX Buzz ML-2 GP LLC +9TenPercentOwner | SellClass A Common Stock · indirect | 29.6K | $3.78 | $111.8K | 88.7K |
| Jun 16, 2026Form 4 | BX Buzz ML-2 GP LLC +9TenPercentOwner | SellClass A Common Stock · indirect | 3.28M | $3.78 | $12.39M | 9.84M |
| Jun 16, 2026Form 4 | BX Buzz ML-2 GP LLC +9TenPercentOwner | SellClass A Common Stock · indirect | 1.08M | $3.78 | $4.09M | 3.24M |
| Jun 16, 2026Form 4 | BX Buzz ML-2 GP LLC +9TenPercentOwner | SellClass A Common Stock · indirect | 405.1K | $3.78 | $1.53M | 1.22M |