secwatch.observer — SEC 8-K summary
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Issuer:     BuzzFeed, Inc. (BZFD)
CIK:        0001828972
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001828972-23-000080
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828972/000182897223000080/0001828972-23-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828972/000182897223000080/bzfd-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001828972-23-000080

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