secwatch.observer — SEC 8-K summary
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Issuer:     BuzzFeed, Inc. (BZFD)
CIK:        0001828972
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001828972-23-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BuzzFeed Q4 revenue down 8% to $134.6M; net loss $106.2M including $102.3M goodwill impairment
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- Full-year 2022 revenue $436.7M (+10% YoY); net loss $201.3M vs net income $25.9M in 2021.
- Q4 advertising revenue fell 27% YoY to $50.5M; content revenue declined 9% to $54.8M.
- Adjusted EBITDA for Q4 not disclosed; full-year Adjusted EBITDA $0.5M vs $41.5M in 2021.
- Cash and equivalents ~$56M; majority held at Silicon Valley Bank as of March 10, 2023, but access confirmed via U.S. government guarantee.
- CEO cites ongoing Q1 2023 challenges and 'more work to do' amid digital media headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828972/000182897223000017/0001828972-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828972/000182897223000017/bzfd-20230313.htm
  HTML page:      https://secwatch.observer/filing/0001828972-23-000017

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