secwatch.observer — SEC 8-K summary
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Issuer:     BuzzFeed, Inc. (BZFD)
CIK:        0001828972
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001828972-23-000136
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BuzzFeed Q2 revenue down 27% to $77.9M; net loss $27.8M, guided Q3 revenue $73-78M
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- Q2 revenue $77.9M, down 27% YoY; advertising revenue fell 33% to $35.4M.
- Net loss $27.8M vs $23.6M loss in Q2 2022; Adjusted EBITDA loss $0.1M vs +$2.1M.
- Q3 revenue guidance $73-78M; Adjusted EBITDA range ($1M)-$4M.
- Time Spent down 9% YoY to 96M hours; cash $41M at quarter end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828972/000182897223000136/0001828972-23-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828972/000182897223000136/bzfd-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001828972-23-000136

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