BuzzFeed Inc
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 13, 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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Condensed Consolidated Statements of Operations
(Unaudited, dollars and shares in thousands, except per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $46,932 | $62,128 | $91,687 | $117,036 |
| Costs and Expenses | ||||
| Cost of revenue, excluding depreciation and amortization | 25,001 | 38,967 | 56,064 | 76,204 |
| Sales and marketing | 4,509 | 10,139 | 13,654 | 22,047 |
| General and administrative | 14,052 | 20,765 | 30,301 | 42,175 |
| Research and development | 2,721 | 3,351 | 5,951 | 6,479 |
| Depreciation and amortization | 4,863 | 5,328 | 10,744 | 11,030 |
| Total costs and expenses | 51,146 | 78,550 | 116,714 | 157,935 |
| Loss from continuing operations | (4,214) | (16,422) | (25,027) | (40,899) |
| Other income (expense), net | 2,168 | (3,675) | 1,612 | (3,055) |
| Interest expense, net | (3,981) | (3,942) | (8,462) | (7,729) |
| Change in fair value of warrant liabilities | (632) | 395 | (669) | (198) |
| Change in fair value of derivative liability | — | 1,125 | — | 120 |
| Loss from continuing operations before income taxes | (6,659) | (22,519) | (32,546) | (51,761) |
| Income tax (benefit) provision | (176) | (37) | 506 | 110 |
| Net loss from continuing operations | (6,483) | (22,482) | (33,052) | (51,871) |
| Net loss from discontinued operations, net of tax | (877) | (5,354) | (10,089) | (12,226) |
| Net loss | (7,360) | (27,836) | (43,141) | (64,097) |
| Less: net income (loss) attributable to noncontrolling interests | 127 | — | 74 | (260) |
| Net loss attributable to BuzzFeed, Inc. | $(7,487) | $(27,836) | $(43,215) | $(63,837) |
| Net loss from continuing operations attributable to holders of Class A and Class B common stock: | ||||
| Basic and diluted | $(6,610) | $(22,482) | $(33,126) | $(51,611) |
| Net loss from continuing operations per Class A and Class B common share: | ||||
| Basic and diluted | $(0.18) | $(0.63) | $(0.90) | $(1.46) |
| Weighted average common shares outstanding: | ||||
| Basic and diluted | 37,007 | 35,487 | 36,792 | 35,332 |
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