8-K
filed May 9, 2023, 7:59 PM ET
ticker BZFD
CIK 0001828972
earnings
confidence high
sentiment negative
materiality 0.70
BuzzFeed Q1 revenue falls 27% to $67.2M; net loss narrows to $36.3M
BuzzFeed, Inc.
2023-Q1 EPS reported
-$0.26
revenue$67,153,000
- Revenue $67.2M (-27% YoY); ad revenue $34.2M (-30%), content $21.6M (-33%), commerce +6% to $11.3M.
- Net loss $36.3M improved from $44.6M loss in Q1 2022; Adjusted EBITDA loss $20.2M vs $16.8M loss.
- Time Spent 109M hours (-3% YoY); cash and equivalents ~$50M at quarter end.
- Q2 outlook: revenue $76-81M, Adjusted EBITDA $0-4M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
BuzzFeed, Inc. reported second quarter of 2023 results: revenue in the range of $76 to $81 million. Guidance initiated.
- Period
- second quarter of 2023
- Revenue
- in the range of $76 to $81 million
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Second Quarter 2023 Financial Outlook For the second quarter of 2023: ● We expect overall revenues in the range of $76 to $81 million ● We expect Adjusted EBITDA in the range of $0 to $4 million These statements are forward-looking and actual results may differ materially as a result of many factors.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
BuzzFeed, Inc. reported first quarter ended March 31, 2023 results: revenue $67.2 million, net income $36.3 million.
- Period
- first quarter ended March 31, 2023
- Revenue
- $67.2 million
- Net income
- $36.3 million
- Result
- reported results
Exact text from the filing
First Quarter 2023 Financial and Operational Highlights ● BuzzFeed delivered Q1 revenues of $67.2 million, declining 27% compared to the first quarter of 2022 ○ Advertising revenue declined 30% year-over-year to $34.2 million ○ Content revenue declined 33% year-over-year to $21.6 million ○ Commerce and other revenues grew 6% year-over-year to $11.3 million ● Net loss was $36.3 million , compared to a net loss of $44.6 million in the first quarter of 2022
View on SEC.gov
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