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Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share

The table below presents the computation of basic and diluted net income (loss) per share:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Numerator:
Net income (loss) from continuing operations			$	1,968					$	(12,049)					$	(31,084)					$	(63,920)
Net income (loss) from discontinued operations, net of tax			166						(1,883)						(9,924)						(14,109)
Less: net income (loss) attributable to noncontrolling interests			45						(210)						119						(470)
Net income (loss) attributable to holders of Class A and Class B common stock			$	2,089					$	(13,722)					$	(41,127)					$	(77,559)
Amounts attributable to BuzzFeed, Inc. for net income (loss) per common share, basic and diluted:
Net income (loss) from continuing operations			1,923						(11,839)						(31,203)						(63,450)
Net income (loss) from discontinued operations, net of tax			166						(1,883)						(9,924)						(14,109)
Net income (loss) attributable to BuzzFeed, Inc.			$	2,089					$	(13,722)					$	(41,127)					$	(77,559)
Denominator:
Weighted average common shares outstanding, basic			37,949						36,263						37,181						35,646
Weighted average common shares outstanding, diluted			38,608						36,263						37,181						35,646
Net income (loss) per common share, basic:
Continuing operations			$	0.05					$	(0.33)					$	(0.84)					$	(1.78)
Discontinued operations			0.00						(0.05)						(0.27)						(0.40)
Net income (loss) per common share, basic, attributable to BuzzFeed, Inc.1			$	0.06					$	(0.38)					$	(1.11)					$	(2.18)
Net income (loss) per common share, diluted
Continuing operations			$	0.05					$	(0.33)					$	(0.84)					$	(1.78)
Discontinued operations			0.00						(0.05)						(0.27)						(0.40)
Net income (loss) per common share, diluted, attributable to BuzzFeed, Inc.1			$	0.05					$	(0.38)					$	(1.11)					$	(2.18)

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(1)Net income (loss) per share information is presented on a rounded basis using actual amounts. Minor differences in totals may exist due to rounding.

Schedule of Securities Excluded from the Computation of Diluted Income (Loss) Per Share

The table below presents the details of securities that were excluded from the calculation of diluted income (loss) per share as the effect would have been anti-dilutive:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Stock options			7,288						869						7,288						869
Restricted stock units			—						2,878						1,498						2,878
Warrants			2,469						2,469						2,469						2,469
Convertible notes			2,375						3,000						2,375						3,000

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Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

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-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 1
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