BuzzFeed, Inc. (BZFD) Financial Statements (2024 and earlier)

Company Profile

Business Address 229 WEST 43RD STREET, 10TH FLOOR
NEW YORK, NY 10036
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 4899 - Communications Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments41,30049,90055,77459,13668,18974,540
Cash and cash equivalents41,30049,90055,77459,13668,18974,540
Receivables70,85572,363116,46090,057 98,092
Contract with customer, asset, after allowance for credit loss7,9008,10012,10015,00011,8006,800
Other undisclosed current assets14,33916,21714,27318,461109,50219,968
Total current assets:134,394146,580198,607182,654189,491199,400
Noncurrent Assets
Operating lease, right-of-use asset56,53761,61566,58161,30368,02273,103
Property, plant and equipment14,89216,44617,77419,44621,17523,065
Intangible assets, net (including goodwill)205,369209,164212,961319,203323,476326,767
Goodwill91,63291,63291,632194,079194,556194,050
Intangible assets, net (excluding goodwill)113,737117,532121,329125,124128,920132,717
Asset, held-in-trust      16,200
Other undisclosed noncurrent assets35,22935,48634,04935,37335,10017,240
Total noncurrent assets:312,027322,711331,365435,325447,773456,375
TOTAL ASSETS:446,421469,291529,972617,979637,264655,775
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities53,31849,19055,68677,95971,10665,192
Employee-related liabilities27,65729,62026,935
Accounts payable37,29427,19829,32922,90115,96314,673
Accrued liabilities16,02421,99226,35727,40125,52323,584
Deferred revenue6,3556,4458,8365,0552,9543,142
Other liabilities5,0375,1763,9001,7491,5552,706
Other undisclosed current liabilities41,97640,96154,45025,56224,86524,258
Total current liabilities:106,686101,772122,872110,325100,48095,298
Noncurrent Liabilities
Long-term debt and lease obligation155,979152,281152,253203,230208,842209,206
Long-term debt, excluding current maturities155,979152,281152,253150,740149,404143,032
Liabilities, other than long-term debt49,53655,88459,8984,7355,2778,406
Other liabilities4404304033,3853,6271,956
Operating lease, liability49,03654,26959,31552,49059,43866,174
Derivative instruments and hedges, liabilities601,1851801,3501,6506,450
Other undisclosed noncurrent liabilities5939883951,9741,5798,354
Total noncurrent liabilities:206,108209,153212,546209,939215,698225,966
Total liabilities:312,794310,925335,418320,264316,178321,264
Temporary equity, carrying amount      2,458
Equity
Equity, attributable to parent, including:130,850155,347191,217293,689316,689329,845
Additional paid in capital720,231717,191716,233713,418709,818700,167
Accumulated other comprehensive loss(2,370)(2,669)(1,968)(2,123)(2,378)(3,336)
Accumulated deficit(587,026)(559,190)(523,063)(417,621)(390,765)(367,000)
Other undisclosed equity, attributable to parent151515151414
Equity, attributable to noncontrolling interest2,7773,0193,3374,0264,3972,208
Total equity:133,627158,366194,554297,715321,086332,053
TOTAL LIABILITIES AND EQUITY:446,421469,291529,972617,979637,264655,775

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues77,90167,153134,623103,733106,76091,558
Cost of revenue(50,507)(47,344)(78,479)(61,489)(61,529)(60,818)
Cost of goods and services sold(50,507)(47,344)(78,479)(60,989)(61,529)(60,818)
Gross profit:27,39419,80956,14442,24445,23130,740
Operating expenses(47,481)(49,527)(162,180)(60,329)(70,119)(66,038)
Operating loss:(20,087)(29,718)(106,036)(18,085)(24,888)(35,298)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(3,675)6202,254(2,752)(3,440)862
Interest and debt expense(5,631)(5,418)    
Loss from continuing operations before equity method investments, income taxes:(29,393)(34,516)(103,782)(20,837)(28,328)(34,436)
Other undisclosed income (loss) from continuing operations before income taxes1,520(1,598)(3,414)(5,266)6,543(9,780)
Loss from continuing operations before income taxes:(27,873)(36,114)(107,196)(26,103)(21,785)(44,216)
Income tax expense (benefit)37(147)1,010(890)(1,796)(350)
Loss from continuing operations:(27,836)(36,261)(106,186)(26,993)(23,581)(44,566)
Loss before gain (loss) on sale of properties:(26,993)(23,581)(44,566)
Net loss:(27,836)(36,261)(106,186)(26,993)(23,581)(44,566)
Net income (loss) attributable to noncontrolling interest 260 137(184) 
Other undisclosed net income (loss) attributable to parent   744  (328)
Net loss available to common stockholders, diluted:(27,836)(36,001)(105,442)(26,856)(23,765)(44,894)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(27,836)(36,261)(106,186)(26,993)(23,581)(44,566)
Other comprehensive income (loss)57(759)21021505(103)
Comprehensive loss:(27,779)(37,020)(105,976)(26,972)(23,076)(44,669)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 260744137(184)(164)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent24258(55)234453(164)
Comprehensive loss, net of tax, attributable to parent:(27,537)(36,702)(105,287)(26,601)(22,807)(44,997)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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