---
schema_version: "secwatch.filing_event.v1"
accession: "0001828972-24-000043"
form_type: "8-K"
ticker: "BZFD"
cik: "0001828972"
company_name: "BuzzFeed, Inc."
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:37:47.461721+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BuzzFeed Q4 revenue down 26% to $75.7M; full-year net loss $60.3M; sells Complex Networks

## Summary
- Q4 revenue $75.7M (-26% YoY); advertising $31.9M (-25%), content $27.0M (-34%), commerce $16.7M (-8%).
- FY 2023 revenue $252.7M (-26% YoY); net loss from continuing ops $60.3M vs $140.5M loss in 2022.
- Adjusted EBITDA loss $4.7M for FY 2023 vs $0.3M positive in 2022; cash $36M at year-end.
- Sale of Complex Networks closed Feb 21, 2024; results are continuing ops excluding Complex.
- CEO cites AI-driven restructuring and focus on owned-and-operated properties to improve profitability.

## SEC filing metadata
- accession: 0001828972-24-000043
- form_type: 8-K
- ticker: BZFD
- cik: 0001828972
- company_name: BuzzFeed, Inc.
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828972/000182897224000043/0001828972-24-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828972/000182897224000043/bzfd-20240325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828972-24-000043
- JSON: https://secwatch.observer/filing/0001828972-24-000043.json
- Plain text: https://secwatch.observer/filing/0001828972-24-000043.txt

## Key facts
- Earnings Releases
  BuzzFeed, Inc. reported financial results for fourth quarter and full year ended December 31, 2023.
  - Period: fourth quarter and full year ended December 31, 2023
  - Result: reported results
  source text: On March 25, 2024, BuzzFeed, Inc. (the “Company”), issued a press release (the “Press Release”) announcing its financial results for the fourth quarter and full year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828972/000182897224000043/0001828972-24-000043-index.htm

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