← BuzzFeed, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $317.9m |
$321.3m
+1.07%
|
$397.6m
+23.73%
|
$436.7m
+9.84%
|
$252.7m
-42.14%
|
$189.9m
-24.85%
|
$185.3m
-2.43%
|
$170.7m
-7.86%
|
|
| Cost of revenue, excluding depreciation and amortization | $150.3m |
$140.3m
-6.69%
|
$207.4m
+47.83%
|
$261.8m
+26.24%
|
$142.4m
-45.62%
|
$105.1m
-26.20%
|
$110.2m
+4.84%
|
$103.8m
-5.75%
|
|
| Gross Profit | $167.6m |
$181.0m
+8.03%
|
$190.2m
+5.04%
|
$174.9m
-8.05%
|
$110.3m
-36.91%
|
$84.8m
-23.11%
|
$75.1m
-11.44%
|
$66.9m
-10.95%
|
|
| Research and development | $21.1m | $17.7m | $24.9m | $30.6m | $11.2m | $10.9m | $10.8m | $9.9m | |
| Sales and marketing | $79.8m | $50.7m | $55.0m | $71.3m | $39.0m | $19.7m | $15.8m | — | |
| General and administrative | $87.4m | $83.1m | $112.6m | $117.7m | $78.0m | $58.6m | $50.4m | $52.3m | |
| Total costs and expenses | $358.2m | $309.2m | $422.7m | $621.0m | $292.5m | $213.4m | $233.2m | $195.0m | |
| Interest expense, net | — | ($923k) | ($2.9m) | ($21.2m) | ($16.1m) | ($6.8m) | ($5.7m) | $6.0m | |
| Other expense, net | $1.6m | $1.6m | ($2.7m) | ($3.1m) | ($3.0m) | ($1.6m) | ($4.9m) | — | |
| Loss from continuing operations before income taxes | ($37.3m) | $12.1m | ($528k) | ($199.3m) | ($58.7m) | ($33.3m) | ($56.9m) | — | |
| Income tax provision | ($358k) | $941k | ($26.4m) | $2.0m | $1.6m | $662k | $386k | — | |
| Net loss from continuing operations | — | — | $3.9m | ($140.5m) | ($60.3m) | ($34.0m) | ($57.3m) | — | |
| Net income (loss) from discontinued operations, net of tax | — | — | $22.0m | ($60.8m) | ($29.0m) | $24.0m | $0 | ($61.2m) | |
| Net loss | ($36.9m) | $11.2m | $25.9m | ($201.3m) | ($89.3m) | ($9.9m) | ($57.3m) | — | |
| Net loss attributable to BuzzFeed, Inc. | ($37.2m) | $10.3m | $24.7m | ($201.0m) | ($88.6m) | ($10.1m) | ($57.7m) | — | |
| Less: net income (loss) attributable to the noncontrolling interests | — | $0 | $228k | ($533k) | ($743k) | $168k | $390k | — | |
| Basic | — | — | $0.91 | ($1.45) | ($0.62) | ($0.27) | ($1.53) | ($1.50) | |
| Diluted | — | — | $0.88 | ($1.45) | ($0.62) | ($0.27) | ($1.53) | ($61,162,000.00) | |
| Depreciation and amortization | $19.4m | $17.5m | $22.9m | $35.1m | $21.9m | $19.1m | $15.8m | $15.5m | |
| Impairment expense | — | $0 | $0 | $104.5m | $0 | $0 | $30.2m | — | |
| Loss from continuing operations | ($40.3m) | $12.1m | ($25.2m) | ($184.3m) | ($39.8m) | ($23.5m) | ($47.9m) | — | |
| Change in fair value of warrant liabilities | — | $0 | $4.7m | $4.5m | ($11k) | ($1.4m) | $1.5m | — | |
| Change in fair value of derivative liability | — | $0 | $26.7m | $4.7m | $180k | $0 | $0 | — |