BuzzFeed, Inc.

Listed Company

BZFDWCIK 0001828972NasdaqEmerging GrowthCommunications Services, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$185.27M

Net Income

$-57.72M

Total Assets

$188.14M

Equity

$49.36M

Shares Out

—

Op. Cash Flow

$-18.70M

Business

BuzzFeed, Inc. is a digital media company that creates and distributes content across entertainment, news, food, pop culture, and commerce. It offers editorial articles, videos, quizzes, branded content, long- and short-form custom content, advertising products (display, video, programmatic), and commerce solutions including affiliate shopping and product licensing. Its business is organized around iconic brands such as BuzzFeed, HuffPost, and Tasty and generates revenue from advertising, content services, and commerce. BuzzFeed distributes content across owned-and-operated sites and third-party platforms globally, serving advertisers, retailers, and creators.

Summary from filing dated 2025-03-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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

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