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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 53,723 $ 35,637
Accounts receivable (net of allowance for doubtful accounts of $1,069 as at September 30, 2024 and $1,424 as at December 31, 2023) 49,625 75,692
Prepaid expenses and other current assets 17,572 21,460
Current assets of discontinued operations 0 0
Total current assets 120,920 132,789
Property and equipment, net 7,662 11,856
Right-of-use assets 33,313 46,715
Capitalized software costs, net 22,704 22,292
Intangible assets, net 24,531 26,665
Goodwill 57,562 57,562
Prepaid expenses and other assets 9,851 9,508
Noncurrent assets of discontinued operations 0 104,089
Total assets 276,543 411,476
Current liabilities    
Accounts payable 15,008 46,378
Accrued expenses 20,592 15,515
Deferred revenue 1,313 1,895
Accrued compensation 14,486 12,970
Current lease liabilities 22,804 21,659
Current debt 102,929 124,977
Other current liabilities 3,212 4,401
Current liabilities of discontinued operations 0 0
Total current liabilities 180,344 227,795
Noncurrent lease liabilities 20,360 37,820
Debt 0 33,837
Warrant liabilities 988 406
Other liabilities 781 435
Noncurrent liabilities of discontinued operations 0 0
Total liabilities 202,473 300,293
Commitments and contingencies
Stockholders’ equity    
Additional paid-in capital 728,525 723,092
Accumulated deficit (652,895) (611,768)
Accumulated other comprehensive loss (3,954) (2,500)
Total BuzzFeed, Inc. stockholders’ equity 71,680 108,828
Noncontrolling interests 2,390 2,355
Total stockholders’ equity 74,070 111,183
Total liabilities and stockholders’ equity 276,543 411,476
Common Stock – Class A    
Stockholders’ equity    
Common stock 3 3
Common Stock – Class B    
Stockholders’ equity    
Common stock $ 1 $ 1