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Side-by-side financial comparison of BuzzFeed, Inc. (BZFD) and Turtle Beach Corp (TBCH). Click either name above to swap in a different company.

Turtle Beach Corp is the larger business by last-quarter revenue ($95.1M vs $56.5M, roughly 1.7× BuzzFeed, Inc.). Turtle Beach Corp runs the higher net margin — 18.5% vs -47.4%, a 65.9% gap on every dollar of revenue. On growth, BuzzFeed, Inc. posted the faster year-over-year revenue change (0.6% vs -34.9%). Turtle Beach Corp produced more free cash flow last quarter ($13.1M vs $-12.0M). Over the past eight quarters, Turtle Beach Corp's revenue compounded faster (30.5% CAGR vs 23.6%).

BuzzFeed, Inc. is an American Internet media, news, and entertainment company with a focus on digital media. Based in New York City, BuzzFeed was founded in 2006 by Jonah Peretti and John S. Johnson III to focus on tracking viral content. Kenneth Lerer, co-founder and chairman of The Huffington Post, started as a co-founder and investor in BuzzFeed and is now the executive chairman.

The Turtle Beach Corporation is an American gaming accessory manufacturer based in San Diego, California. The company has roots dating back to the 1970s where it developed sound cards, MIDI synthesizers, and various audio software packages and network audio devices. The company began making gaming headsets in 2005.

BZFD vs TBCH — Head-to-Head

Bigger by revenue
TBCH
TBCH
1.7× larger
TBCH
$95.1M
$56.5M
BZFD
Growing faster (revenue YoY)
BZFD
BZFD
+35.5% gap
BZFD
0.6%
-34.9%
TBCH
Higher net margin
TBCH
TBCH
65.9% more per $
TBCH
18.5%
-47.4%
BZFD
More free cash flow
TBCH
TBCH
$25.1M more FCF
TBCH
$13.1M
$-12.0M
BZFD
Faster 2-yr revenue CAGR
TBCH
TBCH
Annualised
TBCH
30.5%
23.6%
BZFD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BZFD
BZFD
TBCH
TBCH
Revenue
$56.5M
$95.1M
Net Profit
$-26.8M
$17.6M
Gross Margin
50.0%
Operating Margin
-43.7%
22.0%
Net Margin
-47.4%
18.5%
Revenue YoY
0.6%
-34.9%
Net Profit YoY
-186.4%
-12.6%
EPS (diluted)
$-0.72
$0.86

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BZFD
BZFD
TBCH
TBCH
Q4 25
$56.5M
$95.1M
Q3 25
$46.3M
$80.5M
Q2 25
$46.4M
$80.5M
Q1 25
$36.0M
$63.9M
Q4 24
$56.2M
$146.1M
Q3 24
$55.6M
$94.4M
Q2 24
$41.1M
$76.5M
Q1 24
$37.0M
$55.8M
Net Profit
BZFD
BZFD
TBCH
TBCH
Q4 25
$-26.8M
$17.6M
Q3 25
$-7.4M
$1.7M
Q2 25
$-10.8M
$-2.9M
Q1 25
$-12.7M
$-664.0K
Q4 24
$31.0M
$20.1M
Q3 24
$2.1M
$3.4M
Q2 24
$-7.5M
$-7.5M
Q1 24
$-35.7M
$155.0K
Gross Margin
BZFD
BZFD
TBCH
TBCH
Q4 25
50.0%
Q3 25
37.4%
Q2 25
22.7%
Q1 25
36.6%
Q4 24
37.0%
Q3 24
36.2%
Q2 24
30.2%
Q1 24
31.8%
Operating Margin
BZFD
BZFD
TBCH
TBCH
Q4 25
-43.7%
22.0%
Q3 25
-12.9%
6.7%
Q2 25
-7.5%
-0.4%
Q1 25
-38.1%
2.4%
Q4 24
7.0%
16.0%
Q3 24
2.8%
6.8%
Q2 24
-13.6%
-5.4%
Q1 24
-63.4%
-10.2%
Net Margin
BZFD
BZFD
TBCH
TBCH
Q4 25
-47.4%
18.5%
Q3 25
-16.1%
2.1%
Q2 25
-23.3%
-3.6%
Q1 25
-35.2%
-1.0%
Q4 24
55.2%
13.8%
Q3 24
3.8%
3.6%
Q2 24
-18.2%
-9.8%
Q1 24
-96.5%
0.3%
EPS (diluted)
BZFD
BZFD
TBCH
TBCH
Q4 25
$-0.72
$0.86
Q3 25
$-0.20
$0.08
Q2 25
$-0.28
$-0.14
Q1 25
$-0.33
$-0.03
Q4 24
$0.86
$0.96
Q3 24
$0.05
$0.16
Q2 24
$-0.20
$-0.35
Q1 24
$-0.98
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BZFD
BZFD
TBCH
TBCH
Cash + ST InvestmentsLiquidity on hand
$8.5M
$17.0M
Total DebtLower is stronger
$55.7M
Stockholders' EquityBook value
$49.4M
$128.5M
Total Assets
$188.1M
$269.1M
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZFD
BZFD
TBCH
TBCH
Q4 25
$8.5M
$17.0M
Q3 25
$34.3M
$12.3M
Q2 25
$29.7M
$11.7M
Q1 25
$34.3M
$11.7M
Q4 24
$22.4M
$13.0M
Q3 24
$53.7M
$13.8M
Q2 24
$45.5M
$12.5M
Q1 24
$44.5M
$17.8M
Total Debt
BZFD
BZFD
TBCH
TBCH
Q4 25
$55.7M
Q3 25
$57.9M
Q2 25
$43.3M
Q1 25
$48.6M
Q4 24
$49.0M
Q3 24
$49.3M
Q2 24
$49.6M
Q1 24
$49.9M
Stockholders' Equity
BZFD
BZFD
TBCH
TBCH
Q4 25
$49.4M
$128.5M
Q3 25
$75.9M
$110.7M
Q2 25
$81.1M
$116.8M
Q1 25
$93.8M
$120.9M
Q4 24
$104.8M
$120.6M
Q3 24
$71.7M
$101.8M
Q2 24
$67.2M
$105.3M
Q1 24
$73.7M
$125.2M
Total Assets
BZFD
BZFD
TBCH
TBCH
Q4 25
$188.1M
$269.1M
Q3 25
$211.2M
$278.2M
Q2 25
$210.4M
$240.2M
Q1 25
$203.2M
$247.0M
Q4 24
$221.4M
$298.9M
Q3 24
$276.5M
$313.2M
Q2 24
$272.9M
$264.4M
Q1 24
$299.0M
$258.4M
Debt / Equity
BZFD
BZFD
TBCH
TBCH
Q4 25
0.43×
Q3 25
0.52×
Q2 25
0.37×
Q1 25
0.40×
Q4 24
0.41×
Q3 24
0.48×
Q2 24
0.47×
Q1 24
0.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BZFD
BZFD
TBCH
TBCH
Operating Cash FlowLast quarter
$-11.7M
$13.3M
Free Cash FlowOCF − Capex
$-12.0M
$13.1M
FCF MarginFCF / Revenue
-21.2%
13.8%
Capex IntensityCapex / Revenue
0.5%
0.3%
Cash ConversionOCF / Net Profit
0.76×
TTM Free Cash FlowTrailing 4 quarters
$-20.7M
$34.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BZFD
BZFD
TBCH
TBCH
Q4 25
$-11.7M
$13.3M
Q3 25
$1.7M
$-15.2M
Q2 25
$-10.1M
$-3.1M
Q1 25
$1.3M
$40.5M
Q4 24
$-4.6M
$14.3M
Q3 24
$9.6M
$-23.2M
Q2 24
$-12.4M
$-12.6M
Q1 24
$-13.3M
$27.3M
Free Cash Flow
BZFD
BZFD
TBCH
TBCH
Q4 25
$-12.0M
$13.1M
Q3 25
$892.0K
$-15.9M
Q2 25
$-10.5M
$-3.5M
Q1 25
$956.0K
$40.3M
Q4 24
$-4.7M
$12.8M
Q3 24
$9.3M
$-24.6M
Q2 24
$-12.5M
$-13.9M
Q1 24
$-13.4M
$26.5M
FCF Margin
BZFD
BZFD
TBCH
TBCH
Q4 25
-21.2%
13.8%
Q3 25
1.9%
-19.7%
Q2 25
-22.7%
-4.3%
Q1 25
2.7%
63.0%
Q4 24
-8.4%
8.8%
Q3 24
16.7%
-26.1%
Q2 24
-30.5%
-18.1%
Q1 24
-36.2%
47.5%
Capex Intensity
BZFD
BZFD
TBCH
TBCH
Q4 25
0.5%
0.3%
Q3 25
1.8%
0.8%
Q2 25
1.0%
0.4%
Q1 25
1.1%
0.3%
Q4 24
0.3%
1.0%
Q3 24
0.5%
1.5%
Q2 24
0.3%
1.6%
Q1 24
0.2%
1.3%
Cash Conversion
BZFD
BZFD
TBCH
TBCH
Q4 25
0.76×
Q3 25
-8.84×
Q2 25
Q1 25
Q4 24
-0.15×
0.71×
Q3 24
4.59×
-6.79×
Q2 24
Q1 24
175.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BZFD
BZFD

Advertising$25.6M45%
Commerce And Other$16.3M29%
Content$14.7M26%

TBCH
TBCH

Europe And Middle East$71.0M75%
Asia Pacific$13.3M14%
Other$10.8M11%

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