8-K
filed November 14, 2022, 6:59 PM ET
ticker BZFD
CIK 0001828972
earnings
confidence high
sentiment negative
materiality 0.65
BuzzFeed Q3 revenue $103.7M (+15% YoY) but net loss $27M and Adjusted EBITDA loss $2.4M
BuzzFeed, Inc.
2022-Q3 EPS reported
-$0.69
revenue$302,051,000
- Revenue $103.7M, up 15% YoY; content revenue surged 45% to $38.4M, advertising flat at $50.4M.
- Net loss $27.0M vs $3.6M loss in Q3 2021; Adjusted EBITDA loss $2.4M vs $6.0M profit.
- Time spent declined 32% to 151M hours; Q4 outlook: revenue $129-134M, Adj. EBITDA $12.5-17.5M.
- Cash and equivalents $59.1M at quarter end.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
BuzzFeed, Inc. reported the quarter ended September 30, 2022 results: revenue $103.7 million, net income $27.0 million.
- Period
- the quarter ended September 30, 2022
- Revenue
- $103.7 million
- Net income
- $27.0 million
- Result
- reported results
Exact text from the filing
● Including Complex Networks in the 2022 results, BuzzFeed increased Q3 revenues to $103.7 million, growing 15% compared to the third quarter of 2021
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
BuzzFeed, Inc. reported the fourth quarter of 2022 results: revenue $129 to $134 million. Guidance initiated.
- Period
- the fourth quarter of 2022
- Revenue
- $129 to $134 million
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Fourth Quarter 2022 Financial Outlook For the fourth quarter of 2022: ● We expect overall revenues in the range of $129 to $134 million ● We expect Adjusted EBITDA in the range of $12.5 to $17.5 million ○ Additionally, we expect stock-based compensation expenses in the range of $3.5 to $4.5 million
View on SEC.gov
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