BuzzFeed, Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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.
Mar 31, 2025 · Filed May 8, 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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Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating activities: | ||
| Net loss | $(12,461) | $(35,782) |
| Less: net loss from discontinued operations, net of tax | — | 8,832 |
| Net loss from continuing operations | (12,461) | (26,950) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 4,585 | 5,479 |
| Unrealized gain foreign currency | (501) | (46) |
| Stock based compensation | 1,377 | 704 |
| Change in fair value of warrants | (1,234) | 37 |
| Amortization of debt discount and deferred issuance costs | 546 | 489 |
| Deferred income tax | 3 | 493 |
| Provision for doubtful accounts | (129) | (74) |
| Non-cash lease expense | 4,716 | 4,261 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 13,131 | 28,912 |
| Prepaid expenses and other current assets | (3,163) | 1,085 |
| Accounts payable | (6,886) | (23,184) |
| Accrued compensation | 1,372 | 6,253 |
| Accrued expenses, other current liabilities, and other liabilities | 4,277 | 3,315 |
| Lease liabilities | (5,952) | (5,115) |
| Deferred revenue | 1,663 | 488 |
| Cash provided by (used in) operating activities from continuing operations | 1,344 | (3,853) |
| Cash used in operating activities from discontinued operations | — | (9,446) |
| Cash provided by (used in) operating activities from continuing operations | 1,344 | (13,299) |
| Investing activities: | ||
| Capital expenditures | (388) | (88) |
| Capitalization of internal-use software | (3,128) | (3,330) |
| Business combination, net of cash acquired | (233) | — |
| Proceeds from sale of asset | 300 | — |
| Cash used in investing activities from continuing operations | (3,449) | (3,418) |
| Cash provided by investing activities from discontinued operations | — | 108,575 |
| Cash (used in) provided by investing activities | (3,449) | 105,157 |
| Financing activities: | ||
| Payment for shares withheld for employee taxes | (25) | — |
| Borrowings on Revolving Credit Facility | — | (33,837) |
| Payment of consent solicitation fees | (2,089) | — |
| Payment on Convertible Notes | (285) | (30,900) |
| Proceeds from the issuance of common stock in connection with the at-the-market offering, net of issuance costs | (55) | — |
| Payment of early termination fee for Revolving Credit Facility | — | (500) |
| Payment of deferred issuance costs | — | (591) |
| Cash used in financing activities | (2,454) | (65,828) |
| Effect of currency translation on cash and cash equivalents | 237 | (160) |
| Net (decrease) increase in cash and cash equivalents | (4,322) | 25,870 |
| Cash and cash equivalents at beginning of period | 38,648 | 35,637 |
| Cash and cash equivalents and restricted cash at end of period | $34,326 | $61,507 |
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