BuzzFeed FY2024: rev $189.9M (-18%), net loss improves to $34M, adj EBITDA positive $5.5M

BuzzFeed, Inc.

Full year 2024 revenue $189.9M, down 18% YoY; net loss from continuing ops improved to $34.0M from $55.7M.
Adjusted EBITDA turned positive at $5.5M for 2024, up $17.1M vs 2023.
Commerce and other revenue grew 23% to $61.7M, driven by affiliate commerce up 26% to $59.6M.
Advertising revenue down 17% to $94.4M as company shifted away from direct-sold ads; programmatic flat at $64.9M.
Company announced BF Island social platform private beta in Q2 as long-term investment.

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