secwatch.observer — SEC 8-K summary
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Issuer:     BuzzFeed, Inc. (BZFD)
CIK:        0001828972
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001104659-22-118623
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BuzzFeed Q3 revenue $103.7M (+15% YoY) but net loss $27M and Adjusted EBITDA loss $2.4M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828972/000110465922118623/0001104659-22-118623-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828972/000110465922118623/tm2230296d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-118623

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer