BuzzFeed, Inc.
For the period ended Dec 31, 2025. Filed Mar 16, 2026.
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FY2025 · Filed Mar 16, 2026
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, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue | $185,266 | $189,887 | $230,441 |
| Costs and Expenses | |||
| Cost of revenue, excluding depreciation and amortization | 110,151 | 105,065 | 129,782 |
| Sales and marketing | 15,755 | 19,729 | 35,942 |
| General and administrative | 50,426 | 58,627 | 78,026 |
| Research and development | 10,793 | 10,855 | 11,179 |
| Depreciation and amortization | 15,828 | 19,146 | 20,333 |
| Impairment expense | 30,199 | — | — |
| Total costs and expenses | 233,152 | 213,422 | 275,262 |
| Loss from continuing operations | (47,886) | (23,535) | (44,821) |
| Other expense, net | (4,878) | (1,605) | (2,990) |
| Interest expense, net | (5,713) | (6,782) | (6,468) |
| Change in fair value of warrant liabilities | 1,529 | (1,372) | (11) |
| Change in fair value of derivative liability | — | — | 180 |
| Loss from continuing operations before income taxes | (56,948) | (33,294) | (54,110) |
| Income tax provision | 386 | 662 | 1,602 |
| Net loss from continuing operations | (57,334) | (33,956) | (55,712) |
| Net income (loss) from discontinued operations, net of tax | — | 24,028 | (33,610) |
| Net loss | (57,334) | (9,928) | (89,322) |
| Less: net income (loss) attributable to the noncontrolling interests | 390 | 168 | (743) |
| Net loss attributable to BuzzFeed, Inc. | $(57,724) | $(10,096) | $(88,579) |
| Net loss from continuing operations attributable to holders of Class A and Class B common stock: | |||
| Basic and diluted | $(57,724) | $(34,124) | $(54,969) |
| Net loss from continuing operations per Class A and Class B common share: | |||
| Basic and diluted | $(1.53) | $(0.91) | $(1.54) |
| Weighted average common shares outstanding: | |||
| Basic and diluted | 37,835 | 37,386 | 35,766 |
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