BuzzFeed Q1 revenue $44.8M (-18% YoY), net loss $26.6M, adj EBITDA loss $11.3M

BuzzFeed, Inc.

2024-Q1 EPS reported -$0.98 revenue$44,755,000

Q1 revenue $44.8M, down 18% YoY; advertising $21.4M (-22%), content $13.1M (-19%), commerce $10.2M (-9%).
Net loss from continuing ops $26.6M vs $29.4M loss in Q1 2023; adjusted EBITDA loss $11.3M, improved from $18.1M.
Time spent on content 67M hours (-16% YoY); direct traffic now largest source, 90% of time on owned properties.
Programmatic ad revenue grew YoY for third straight quarter across BuzzFeed and HuffPost.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

BuzzFeed, Inc. reported financial results for the quarter ended March 31, 2024.

Period: the quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 13, 2024, BuzzFeed, Inc. (the “Company”), issued a press release (the “Press Release”) announcing its financial results for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001828972-24-000105

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