BuzzFeed reaffirms Q4 2022 revenue and Adjusted EBITDA outlook after cost restructuring

BuzzFeed, Inc.

Revenue guidance unchanged at $129-134M; Adjusted EBITDA $12.5-17.5M.
Reaffirmation follows cost restructuring plan announced Dec 6, 2022.
CEO cites ongoing macroeconomic headwinds and audience shifts as rationale.
Guidance unchanged from prior Q3 earnings call on Nov 14, 2022.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BuzzFeed, Inc. reported Q4 2022 results: revenue $129 to $134 million. Guidance reaffirmed.

Period: Q4 2022
Revenue: $129 to $134 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

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

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Source: SEC EDGAR

accession 0001104659-22-125178

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