BuzzFeed Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 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 September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $64,320 | $59,978 | $156,007 | $177,014 |
| Costs and Expenses | ||||
| Cost of revenue, excluding depreciation and amortization | 33,697 | 31,902 | 89,761 | 108,106 |
| Sales and marketing | 4,754 | 8,253 | 18,408 | 30,300 |
| General and administrative | 14,698 | 18,747 | 44,999 | 60,922 |
| Research and development | 2,581 | 2,442 | 8,532 | 8,921 |
| Depreciation and amortization | 5,011 | 5,366 | 15,755 | 16,396 |
| Total costs and expenses | 60,741 | 66,710 | 177,455 | 224,645 |
| Income (loss) from continuing operations | 3,579 | (6,732) | (21,448) | (47,631) |
| Other income (expense), net | 2,226 | (1,307) | 3,838 | (4,362) |
| Interest expense, net | (4,034) | (4,089) | (12,496) | (11,818) |
| Change in fair value of warrant liabilities | 87 | 104 | (582) | (94) |
| Change in fair value of derivative liability | — | 30 | — | 150 |
| Income (loss) from continuing operations before income taxes | 1,858 | (11,994) | (30,688) | (63,755) |
| Income tax (benefit) provision | (110) | 55 | 396 | 165 |
| Net income (loss) from continuing operations | 1,968 | (12,049) | (31,084) | (63,920) |
| Net income (loss) from discontinued operations, net of tax | 166 | (1,883) | (9,924) | (14,109) |
| Net income (loss) | 2,134 | (13,932) | (41,008) | (78,029) |
| Less: net income (loss) attributable to noncontrolling interests | 45 | (210) | 119 | (470) |
| Net income (loss) attributable to BuzzFeed, Inc. | $2,089 | $(13,722) | $(41,127) | $(77,559) |
| Net income (loss) from continuing operations attributable to holders of Class A and Class B common stock: | ||||
| Basic | $1,923 | $(11,839) | $(31,203) | $(63,450) |
| Diluted | $1,923 | $(11,839) | $(31,203) | $(63,450) |
| Net income (loss) from continuing operations per Class A and Class B common share: | ||||
| Basic | $0.05 | $(0.33) | $(0.84) | $(1.78) |
| Diluted | $0.05 | $(0.33) | $(0.84) | $(1.78) |
| Weighted average common shares outstanding: | ||||
| Basic | 37,949 | 36,263 | 37,181 | 35,646 |
| Diluted | 38,608 | 36,263 | 37,181 | 35,646 |
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