XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenue $ 103,733 $ 90,096 $ 302,051 $ 251,848
Costs and Expenses        
Cost of revenue, excluding depreciation and amortization 60,989 48,837 183,336 135,903
Sales and marketing 16,317 11,218 52,808 34,170
General and administrative 27,254 19,829 92,381 65,274
Research and development 5,900 5,686 23,345 19,285
Depreciation and amortization 9,198 5,407 26,292 15,033
Impairment expense 2,160   2,160  
Total costs and expenses 121,818 90,977 380,322 269,665
Loss from operations (18,085) (881) (78,271) (17,817)
Other expense, net (2,752) (2,567) (5,330) (1,752)
Interest expense, net (5,171) (487) (14,992) (1,138)
Change in fair value of warrant liabilities (395)   2,964  
Change in fair value of derivative liability (300)   (3,525)  
Loss before income taxes (26,103) (3,935) (92,104) (20,707)
Income tax provision (benefit) 890 (353) 3,036 (5,011)
Net loss (26,993) (3,582) (95,140) (15,696)
Net income attributable to the redeemable noncontrolling interest   67 164 212
Net (loss) income attributable to noncontrolling interests (137) 137 211 (173)
Net loss attributable to BuzzFeed, Inc. $ (26,856) $ (3,786) $ (95,515) $ (15,735)
Net loss per Class A, Class B and Class C common share:        
Basic $ (0.19) $ (0.20) $ (0.69) $ (0.90)
Diluted $ (0.19) $ (0.20) $ (0.69) $ (0.90)
Weighted average common shares outstanding:        
Basic 138,939 18,618 137,591 17,464
Diluted 138,939 18,618 137,591 17,464