BuzzFeed Inc
For the period ended Dec 31, 2023. Filed Mar 29, 2024.
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FY2023 · Filed Mar 29, 2024
BZFD$0.46-15.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Operations
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars and shares in thousands, except per share amounts)
| For the Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | $252,677 | $342,554 | $383,804 |
| Costs and Expenses | |||
| Cost of revenue, excluding depreciation and amortization | 142,366 | 194,348 | 199,015 |
| Sales and marketing | 38,989 | 47,293 | 53,233 |
| General and administrative | 78,026 | 111,437 | 108,694 |
| Research and development | 11,179 | 27,100 | 24,663 |
| Depreciation and amortization | 21,941 | 24,263 | 22,093 |
| Impairment expense | — | 66,464 | — |
| Total costs and expenses | 292,501 | 470,905 | 407,698 |
| Loss from continuing operations | (39,824) | (128,351) | (23,894) |
| Other expense, net | (2,990) | (3,076) | (3,974) |
| Interest expense, net | (16,085) | (15,591) | (2,496) |
| Change in fair value of warrant liabilities | (11) | 4,543 | 4,740 |
| Change in fair value of derivative liability | 180 | 4,695 | 26,745 |
| (Loss) income from continuing operations before income taxes | (58,730) | (137,780) | 1,121 |
| Income tax provision (benefit) | 1,602 | 2,703 | (2,749) |
| Net (loss) income from continuing operations | (60,332) | (140,483) | 3,870 |
| Net (loss) income from discontinued operations, net of tax | (28,990) | (60,843) | 22,006 |
| Net (loss) income | (89,322) | (201,326) | 25,876 |
| Less: net income attributable to the redeemable noncontrolling interest | — | 164 | 936 |
| Less: net (loss) income attributable to the noncontrolling interests | (743) | (533) | 228 |
| Net (loss) income attributable to BuzzFeed, Inc. | $(88,579) | $(200,957) | $24,712 |
| Net loss from continuing operations attributable to holders of Class A, Class B and Class C common stock: | |||
| Basic | $(59,589) | $(140,114) | $— |
| Diluted | $(59,589) | $(140,114) | $(716) |
| Net loss from continuing operations per Class A, Class B and Class C common share: | |||
| Basic | $(0.42) | $(1.01) | $— |
| Diluted | $(0.42) | $(1.01) | $(0.03) |
| Weighted average common shares outstanding: | |||
| Basic | 143,062 | 138,148 | 27,048 |
| Diluted | 143,062 | 138,148 | 28,001 |
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