{"schema_version":"secwatch.filing_event.v1","accession":"0001828972-23-000080","form_type":"8-K","ticker":"BZFD","cik":"0001828972","company_name":"BuzzFeed, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.954271+00:00","generated_at":"2026-06-15T09:51:50.874385+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"BuzzFeed Q1 revenue falls 27% to $67.2M; net loss narrows to $36.3M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001828972-23-000080","json":"https://secwatch.observer/filing/0001828972-23-000080.json","markdown":"https://secwatch.observer/filing/0001828972-23-000080.md","text":"https://secwatch.observer/filing/0001828972-23-000080.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828972/000182897223000080/0001828972-23-000080-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828972/000182897223000080/bzfd-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T09:51:50.874385+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6647588132ff6368200d8431bc2ec9829d41b6de","claim":"BuzzFeed, Inc. reported second quarter of 2023 results: revenue in the range of $76 to $81 million. Guidance initiated.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828972/000182897223000080/0001828972-23-000080-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of 2023"},{"label":"Revenue","value":"in the range of $76 to $81 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"7c10762b49c192521ead6e2a62d572f694d39a1a","claim":"BuzzFeed, Inc. reported first quarter ended March 31, 2023 results: revenue $67.2 million, net income $36.3 million.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828972/000182897223000080/0001828972-23-000080-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$67.2 million"},{"label":"Net income","value":"$36.3 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}