BuzzFeed, Inc.
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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FY2024 · Filed Mar 14, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $189,887 | $230,441 | $325,777 |
| Costs and Expenses | |||
| Cost of revenue, excluding depreciation and amortization | 105,065 | 129,782 | 184,537 |
| Sales and marketing | 19,729 | 35,942 | 44,073 |
| General and administrative | 58,627 | 78,026 | 111,437 |
| Research and development | 10,855 | 11,179 | 27,100 |
| Depreciation and amortization | 19,146 | 20,333 | 22,655 |
| Impairment expense | — | — | 50,546 |
| Total costs and expenses | 213,422 | 275,262 | 440,348 |
| Loss from continuing operations | (23,535) | (44,821) | (114,571) |
| Other expense, net | (1,605) | (2,990) | (3,076) |
| Interest expense, net | (6,782) | (6,468) | (6,420) |
| Change in fair value of warrant liabilities | (1,372) | (11) | 4,543 |
| Change in fair value of derivative liability | — | 180 | 4,695 |
| Loss from continuing operations before income taxes | (33,294) | (54,110) | (114,829) |
| Income tax provision | 662 | 1,602 | 2,730 |
| Net loss from continuing operations | (33,956) | (55,712) | (117,559) |
| Net income (loss) from discontinued operations, net of tax | 24,028 | (33,610) | (83,767) |
| Net loss | (9,928) | (89,322) | (201,326) |
| Less: net income attributable to the redeemable noncontrolling interest | — | — | 164 |
| Less: net income (loss) attributable to the noncontrolling interests | 168 | (743) | (533) |
| Net loss attributable to BuzzFeed, Inc. | $(10,096) | $(88,579) | $(200,957) |
| Net loss from continuing operations attributable to holders of Class A, Class B and Class C common stock: | |||
| Basic | $(34,124) | $(54,969) | $(117,190) |
| Diluted | $(34,124) | $(54,969) | $(117,190) |
| Net loss from continuing operations per Class A, Class B and Class C common share: | |||
| Basic | $(0.91) | $(1.54) | $(3.39) |
| Diluted | $(0.91) | $(1.54) | $(3.39) |
| Weighted average common shares outstanding: | |||
| Basic | 37,386 | 35,766 | 34,537 |
| Diluted | 37,386 | 35,766 | 34,537 |
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