BuzzFeed, Inc. BZFD
For convenience, the terms "BuzzFeed," the "Company," "we," "us," or "our" used in this Annual Report on Form 10-K refer to BuzzFeed, Inc. and one or more of our consolidated subsidiaries, unless the context otherwise requires.
On December 3, 2021, we consummated a business combination (the "Business Combination") with 890 5th Avenue Partners, Inc. ("890"), certain wholly-owned subsidiaries of 890, and BuzzFeed, Inc., a Delaware corporation ("Legacy BuzzFeed"). In connection with the Business Combination, we acquired 100% of the membership interests of CM Partners, LLC. CM Partners, LLC, together with Complex Media, Inc., is referred to herein as "Complex Networks." Following the closing of the Business Combination, 890 was renamed "BuzzFeed, Inc."
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- International
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $174.1M | $177.6M | $203.8M |
| International | $11.2M | $12.3M | $26.7M |
As the company reported it, from the “Revenue Recognition - Schedule of Disaggregated Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $185.3M | $189.9M | $230.4M | $325.8M | $383.8M | $321.3M | $317.9M | — |
| R&D | $10.8M | $10.9M | $11.2M | $27.1M | $24.7M | $17.7M | $21.1M | — |
| SG&A | $50.4M | $58.6M | $78.0M | $111.4M | $108.7M | $83.1M | $87.4M | — |
| Total operating expenses | $233.2M | $213.4M | $275.3M | $440.3M | $407.7M | $309.2M | $358.2M | — |
| Operating income | -$47.9M | -$23.5M | -$44.8M | -$114.6M | -$23.9M | $12.1M | -$40.3M | — |
| Interest expense | $5.7M | $6.8M | $6.5M | $6.4M | $2.5M | $923.0K | $1.4M | — |
| Pre-tax income | -$56.9M | -$33.3M | -$54.1M | -$114.8M | $1.1M | $12.1M | -$37.3M | — |
| Income tax | $386.0K | $662.0K | $1.6M | $2.7M | $2.7M | $941.0K | $358.0K | — |
| Net income | -$57.7M | -$10.1M | -$88.6M | -$201.0M | $24.7M | $10.3M | -$37.2M | — |
| EPS, basic | -1.53 | -0.27 | -2.48 | -5.82 | 0.00 | 0.00 | -3.15 | — |
| EPS, diluted | -1.53 | -0.27 | -2.48 | -5.82 | -0.03 | 0.00 | -3.15 | — |
| Shares, diluted (wtd. avg.) | 37.8M | 37.4M | 35.8M | 34.5M | 28.0M | 11.9M | 11.8M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $8.5M | $22.4M | $10.6M | $55.8M | $79.7M | $106.1M | $74.0M | $77.4M |
| Receivables | $45.5M | $48.9M | $71.0M | $116.5M | $142.9M | $106.3M | — | — |
| Total current assets | $86.1M | $84.6M | $107.8M | $198.6M | $251.7M | $208.5M | — | — |
| Property, plant and equipment | $4.5M | $6.2M | $11.9M | $17.8M | $23.1M | $25.5M | — | — |
| Goodwill | $13.1M | $43.3M | $43.3M | $43.3M | $188.5M | $0 | — | — |
| Other intangibles | $10.2M | $11.8M | $12.9M | $31.0M | $136.5M | $1.4M | — | — |
| Total assets | $188.1M | $221.4M | $411.5M | $530.0M | $637.2M | $279.2M | — | — |
| Accounts payable | $19.5M | $14.3M | $45.7M | $29.3M | $16.0M | $8.4M | — | — |
| Short-term debt | $30.5M | $25.5M | $125.0M | $0 | — | — | — | — |
| Total current liabilities | $95.2M | $96.8M | $227.8M | $122.9M | $94.1M | $57.2M | — | — |
| Long-term debt | $27.9M | $0 | $33.8M | $152.3M | $141.9M | $20.4M | — | — |
| Total liabilities | $138.1M | $114.5M | $300.3M | $335.4M | $262.3M | $97.3M | — | — |
| Retained earnings | -$679.6M | -$621.9M | -$611.8M | -$523.1M | -$322.1M | -$346.8M | — | — |
| Total equity | $49.4M | $104.8M | $111.2M | $194.6M | $372.6M | -$313.8M | -$323.4M | -$290.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$18.7M | -$20.7M | -$6.1M | -$7.9M | $797.0K | $27.6M | -$20.2M | — |
| Depreciation and amortisation | $15.8M | $19.1M | $20.3M | $22.7M | $22.1M | $17.5M | $19.4M | — |
| Stock-based compensation | $5.8M | $5.5M | $5.3M | $18.6M | $23.6M | $1.2M | $2.8M | — |
| Capital expenditure | $2.0M | $691.0K | $964.0K | $5.4M | $5.0M | $4.7M | $423.0K | — |
| Investing cash flow | -$14.1M | $178.7M | -$14.7M | -$17.3M | -$208.0M | -$14.8M | $16.4M | — |
| Financing cash flow | $21.6M | -$154.6M | $812.0K | $3.2M | $181.8M | $19.5M | $195.0K | — |
| Buybacks | $3.3M | $0 | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001828972-26-000030.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $317.9M | $321.3M | $383.8M | $325.8M | $230.4M | $189.9M | $185.3M |
| Gross profit | — | — | — | — | — | — | — | — |
| Net income | — | -$37.2M | $10.3M | $24.7M | -$201.0M | -$88.6M | -$10.1M | -$57.7M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed Item 1.01
- Unregistered share sale Item 3.02
- Change of control Control of the company has changed hands. Item 5.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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