---
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"
generated_at: "2026-06-15T09:51:50.874385+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BuzzFeed Q1 revenue falls 27% to $67.2M; net loss narrows to $36.3M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828972-23-000080
- JSON: https://secwatch.observer/filing/0001828972-23-000080.json
- Plain text: https://secwatch.observer/filing/0001828972-23-000080.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1828972/000182897223000080/0001828972-23-000080-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1828972/000182897223000080/0001828972-23-000080-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.