---
schema_version: "secwatch.filing_event.v1"
accession: "0001828972-23-000187"
form_type: "8-K"
ticker: "BZFD"
cik: "0001828972"
company_name: "BuzzFeed, Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:54:38.926221+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BuzzFeed Q3 revenue down 29% to $73.3M; adjusted EBITDA turns positive at $3.1M

## Summary
- Advertising revenue fell 35% YoY to $32.6M; content revenue down 32% to $26.2M.
- Net loss improved to $13.9M from $27.0M loss in Q3 2022; cash and equivalents $42M.
- Time Spent declined 19% YoY to 92 million hours.
- Q4 2024 guidance: revenue $99-110M, Adjusted EBITDA $20-30M.
- CEO cites strategic changes to reduce platform dependence and improve monetization.

## SEC filing metadata
- accession: 0001828972-23-000187
- form_type: 8-K
- ticker: BZFD
- cik: 0001828972
- company_name: BuzzFeed, Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1828972/000182897223000187/0001828972-23-000187-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828972/000182897223000187/bzfd-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828972-23-000187
- JSON: https://secwatch.observer/filing/0001828972-23-000187.json
- Plain text: https://secwatch.observer/filing/0001828972-23-000187.txt

## Key facts
- Earnings Releases
  BuzzFeed, Inc. reported the third quarter ended September 30, 2023 results: revenue $73.3 million, net income $13.9 million.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $73.3 million
  - Net income: $13.9 million
  - Result: reported results
  source text: as we work toward building a sustainable long-term model for content creation.” Third Quarter 2023 Financial and Operational Highlights ● BuzzFeed delivered Q3 revenues of $73.3 million, declining 29% compared to the third quarter of 2022 ○ Advertising revenue declined 35% year-over-year to $32.6 million ○ Content revenue declined 32% year-over-year to $26.2
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828972/000182897223000187/0001828972-23-000187-index.htm

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