XML 18 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenue $ 64,320 $ 59,978 $ 156,007 $ 177,014
Costs and Expenses        
Cost of revenue, excluding depreciation and amortization 33,697 31,902 89,761 108,106
Sales and marketing 4,754 8,253 18,408 30,300
General and administrative 14,698 18,747 44,999 60,922
Research and development 2,581 2,442 8,532 8,921
Depreciation and amortization 5,011 5,366 15,755 16,396
Total costs and expenses 60,741 66,710 177,455 224,645
Income (loss) from continuing operations 3,579 (6,732) (21,448) (47,631)
Other income (expense), net 2,226 (1,307) 3,838 (4,362)
Interest expense, net (4,034) (4,089) (12,496) (11,818)
Change in fair value of warrant liabilities 87 104 (582) (94)
Change in fair value of derivative liability 0 30 0 150
Income (loss) from continuing operations before income taxes 1,858 (11,994) (30,688) (63,755)
Income tax (benefit) provision (110) 55 396 165
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)
Net income (loss) 2,134 (13,932) (41,008) (78,029)
Less: net income (loss) attributable to noncontrolling interests 45 (210) 119 (470)
Net income (loss) attributable to BuzzFeed, Inc. 2,089 (13,722) (41,127) (77,559)
Net income (loss) from continuing operations attributable to holders of Class A and Class B common stock:        
Basic 1,923 (11,839) (31,203) (63,450)
Diluted $ 1,923 $ (11,839) $ (31,203) $ (63,450)
Net income (loss) from continuing operations per Class A and Class B common share:        
Basic (in dollars per share) $ 0.05 $ (0.33) $ (0.84) $ (1.78)
Diluted (in dollars per share) $ 0.05 $ (0.33) $ (0.84) $ (1.78)
Weighted average common shares outstanding:        
Basic (in shares) 37,949 36,263 37,181 35,646
Diluted (in shares) 38,608 36,263 37,181 35,646