secwatch.observer — SEC 8-K summary
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Issuer:     BuzzFeed, Inc. (BZFD)
CIK:        0001828972
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001828972-24-000105
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828972/000182897224000105/0001828972-24-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828972/000182897224000105/bzfd-20240513.htm
  HTML page:      https://secwatch.observer/filing/0001828972-24-000105

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