BuzzFeed, Inc.
Business
BuzzFeed, Inc. is a digital media company operating three core brands—BuzzFeed, HuffPost, and Tasty—that create entertainment, news, food, and pop-culture content for Millennial and Gen Z audiences. The company generates revenue from advertising (display, video, programmatic), branded content creation, and commerce affiliate commissions, leveraging a proprietary data-driven technology platform and first-party audience data to serve advertisers and retail partners. BuzzFeed distributes content across owned properties and third-party platforms with significant audience engagement.
Summary from 10-K filed 2026-03-16
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 185 | 190 | 230 | 326 | 384 | |
| Cost of revenue, excluding depreciation and amortization | 110 | 105 | 130 | 185 | 199 | |
| Sales and marketing | 16 | 20 | 36 | 44 | 53 | |
| General and administrative | 50 | 59 | 78 | 111 | 109 | |
| Research and development | 11 | 11 | 11 | 27 | 25 | |
| Depreciation and amortization | 16 | 19 | 20 | 23 | 22 | |
| Impairment expense | 30 | 0 | 0 | 51 | 0 | |
| Total costs and expenses | 233 | 213 | 275 | 440 | 408 | |
| Loss from continuing operations | −48 | −24 | −45 | −115 | −24 | |
| Other expense, net | −5 | −2 | −3 | −3 | −4 | |
| Interest expense, net | −6 | −7 | −6 | −6 | — | |
| Change in fair value of warrant liabilities | 2 | −1 | −11,000 | 5 | 5 | |
| Change in fair value of derivative liability | 0 | 0 | 180,000 | 5 | 27 | |
| Loss from continuing operations before income taxes | −57 | −33 | −54 | −115 | 1 | |
| Income tax provision | 386,000 | 662,000 | 2 | 3 | −3 | |
| Net loss from continuing operations | −57 | −34 | −56 | −118 | 4 | |
| Net income (loss) from discontinued operations, net of tax | 0 | 24 | −34 | −84 | 22 | |
| Net loss | −57 | −10 | −89 | −201 | 26 | |
| Less: net income (loss) attributable to the noncontrolling interests | 390,000 | 168,000 | −743,000 | −533,000 | 228,000 | |
| Net loss attributable to BuzzFeed, Inc. | −58 | −10 | −89 | −201 | 25 | |
| Basic | −58 | −34 | −55 | −117 | 0 | |
| Diluted | −58 | −34 | −55 | −117 | −716,000 | |
| Basic (in dollars per share) | −1.53 | −0.91 | −1.54 | −3.39 | 0 | |
| Diluted (in dollars per share) | −1.53 | −0.91 | −1.54 | −3.39 | −0.03 | |
| Basic (in shares) | 38 | 37 | 36 | 35 | 27 | |
| Diluted (in shares) | 38 | 37 | 36 | 35 | 28 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 9 | 22 | 11 | 56 | 80 | |
| Restricted cash | 16 | 0 | 0 | — | — | |
| Accounts receivable (net of allowance for doubtful accounts of $683 and $1,039 as at December 31, 2025 and 2024, respectively) | 45 | 49 | 71 | 116 | 143 | |
| Prepaid expenses and other current assets | 16 | 13 | 21 | 26 | 29 | |
| Total current assets | 86 | 85 | 108 | 199 | 252 | |
| Property and equipment, net | 5 | 6 | 12 | 18 | 23 | |
| Right-of-use assets | 23 | 29 | 47 | 67 | 0 | |
| Capitalized software costs, net | 24 | 23 | 22 | 19 | — | |
| Intangible assets, net | 10 | 12 | 13 | 31 | 137 | |
| Goodwill | 13 | 43 | 43 | 43 | 122 | |
| Film costs, net | 19 | 2 | — | — | — | |
| Noncurrent restricted cash | 4 | 16 | 25 | — | — | |
| Prepaid expenses and other assets | 4 | 6 | 10 | 15 | 15 | |
| Total assets | 188 | 221 | 411 | 530 | 637 | |
| Accounts payable | 20 | 14 | 46 | 29 | 16 | |
| Accrued expenses | 12 | 19 | 16 | 26 | 31 | |
| Deferred revenue | 7 | 600,000 | 2 | 9 | 2 | |
| Accrued compensation | 8 | 12 | 12 | 31 | 37 | |
| Current lease liabilities | 13 | 22 | 22 | 23 | 0 | |
| Current debt | 31 | 26 | 125 | 0 | — | |
| Other current liabilities | 4 | 4 | 4 | 4 | 3 | |
| Total current liabilities | 95 | 97 | 228 | 123 | 94 | |
| Noncurrent lease liabilities | 15 | 15 | 38 | 59 | 0 | |
| Debt | 28 | 0 | 34 | 152 | 142 | |
| Warrant liabilities | 0 | 2 | 406,000 | 395,000 | 5 | |
| Other liabilities | 250,000 | 704,000 | 435,000 | 403,000 | 4 | |
| Total liabilities | 138 | 114 | 300 | 335 | 262 | |
| Commitments and contingencies | — | — | — | — | — | |
| Treasury stock, at cost, 1,827 and 0 shares at December 31, 2025 and 2024, respectively | −3 | 0 | — | — | — | |
| Additional paid-in capital | 736 | 730 | 723 | 716 | 696 | |
| Accumulated deficit | −680 | −622 | −612 | −523 | −322 | |
| Accumulated other comprehensive loss | −4 | −4 | −3 | −2 | −3 | |
| Total BuzzFeed, Inc. stockholders equity | 49 | 105 | 109 | 191 | 371 | |
| Noncontrolling interests | 724,000 | 2 | 2 | 3 | 2 | |
| Total stockholders equity | 50 | 107 | 111 | 195 | 373 | |
| Total liabilities and stockholders' equity | 188 | 221 | 411 | 530 | 637 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 16 | 19 | 20 | 23 | 22 | |
| Unrealized gain on foreign currency | −1 | −872,000 | −1 | 5 | 2 | |
| Stock-based compensation | 6 | 6 | 5 | 19 | 24 | |
| Amortization of debt discount and deferred issuance costs | 7 | 6 | 2 | 2 | 259,000 | |
| Deferred income tax | 88,000 | −304,000 | 3 | −2 | −28 | |
| Loss (gain) on disposition of assets | 800,000 | −1 | −175,000 | −500,000 | 220,000 | |
| Loss on investment | 0 | 0 | 4 | −1 | 0 | |
| Provision for doubtful accounts | −356,000 | −385,000 | −581,000 | 785,000 | −161,000 | |
| Noncash lease expense | 17 | 18 | 20 | 20 | 0 | |
| Accounts receivable | 4 | 26 | 41 | 27 | −13 | |
| Prepaid expenses and other current assets and prepaid expenses and other assets | −224,000 | 6 | 6 | 4 | 2 | |
| Film costs | −19 | −5,000 | −2 | — | — | |
| Accounts payable | 5 | −30 | 19 | 11 | 4 | |
| Accrued compensation | −4 | −474,000 | −18 | −5 | 2 | |
| Accrued expenses, other current liabilities, and other liabilities | −7 | 3 | −13 | −3 | −2 | |
| Lease liabilities | −22 | −22 | −23 | −23 | 0 | |
| Deferred revenue | 6 | −1 | −7 | 7 | −6 | |
| Cash used in operating activities from continuing operations | −19 | −6 | −692,000 | 7 | −22 | |
| Cash used in operating activities from discontinued operations | 0 | −15 | −5 | −15 | 23 | |
| Cash used in operating activities | −19 | −21 | −6 | −8 | 797,000 | |
| Capital expenditures | −2 | −691,000 | −964,000 | −5 | −5 | |
| Capitalization of internal-use software | −12 | −12 | −14 | −12 | −11 | |
| Business combinations, net of cash acquired | −233,000 | 0 | 0 | 0 | −190 | |
| Proceeds from sale of assets | 525,000 | 350,000 | 175,000 | 500,000 | 0 | |
| Cash used in investing activities from continuing operations | −14 | −12 | −15 | −17 | −208 | |
| Cash provided by investing activities from discontinued operations | 0 | 191 | 0 | 0 | 0 | |
| Cash (used in) provided by investing activities | −14 | 179 | −15 | −17 | −208 | |
| Borrowings from Term Loan | 44 | 0 | 0 | — | — | |
| Borrowings from film financing arrangements | 14 | 0 | 0 | 0 | 0 | |
| Proceeds from co-financing arrangements for feature films | 5 | 0 | 0 | — | — | |
| Borrowings on revolving credit facility | 0 | 0 | 2 | 5 | 9 | |
| Payment on Convertible Notes | −30 | −120 | 0 | 0 | — | |
| Payment of consent solicitation fees | −2 | −900,000 | 0 | 0 | — | |
| Payment of film financing arrangements for feature films | −3 | 0 | 0 | — | — | |
| Payment on revolving credit facility | 0 | −34 | −2 | 0 | −1 | |
| Payment of early termination fee for revolving credit facility | 0 | −500,000 | 0 | 0 | — | |
| Payment of Term Loan's debt issuance costs | −754,000 | 0 | 0 | — | — | |
| Repurchase of common stock | −3 | 0 | 0 | — | — | |
| Proceeds from exercise of stock options | 16,000 | 1,000 | 29,000 | 459,000 | 7 | |
| Payment for shares withheld for employee taxes | −224,000 | −394,000 | −451,000 | −2 | 0 | |
| Proceeds from the issuance of common stock in connection with the at-the-market offering, net of issuance costs | −175,000 | 1 | 902,000 | 0 | 0 | |
| Distributions to noncontrolling interests | −2 | 0 | 0 | — | — | |
| Cash provided by (used in) financing activities | 22 | −155 | 812,000 | 3 | 182 | |
| Effect of currency translation on cash and cash equivalents | 309,000 | −366,000 | −123,000 | −2 | −985,000 | |
| Net (decrease) increase in cash and cash equivalents | −11 | 3 | −20 | −24 | −26 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is BuzzFeed, Inc.'s CIK number?
BuzzFeed, Inc.'s SEC CIK number is 0001828972 (1828972). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find BuzzFeed, Inc.'s SEC filings?
All of BuzzFeed, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did BuzzFeed, Inc. last report earnings?
BuzzFeed, Inc. (BZFD) most recently filed an earnings 8-K with the SEC on May 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001828972-26-000054). This is BuzzFeed, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is BuzzFeed, Inc.'s most recent earnings 8-K?
BuzzFeed, Inc.'s latest earnings 8-K (Item 2.02) was filed May 11, 2026 under accession 0001828972-26-000054. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View BuzzFeed, Inc.'s latest earnings 8-K →
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