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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 49,947 $ 55,774
Accounts receivable (net of allowance for doubtful accounts of $2,229 as at March 31, 2023 and $1,879 as at December 31, 2022) 72,363 116,460
Prepaid expenses and other current assets 24,270 26,373
Total current assets 146,580 198,607
Property and equipment, net 16,446 17,774
Right-of-use assets 61,615 66,581
Capitalized software costs, net 20,348 19,259
Intangible assets, net 117,532 121,329
Goodwill 91,632 91,632
Prepaid expenses and other assets 15,138 14,790
Total assets 469,291 529,972
Current liabilities    
Accounts payable 27,198 29,329
Accrued expenses 21,992 26,357
Deferred revenue 6,445 8,836
Accrued compensation 18,294 31,052
Current lease liabilities 22,667 23,398
Other current liabilities 5,176 3,900
Total current liabilities 101,772 122,872
Noncurrent lease liabilities 54,269 59,315
Debt 152,281 152,253
Derivative liability 1,185 180
Warrant liabilities 988 395
Other liabilities 430 403
Total liabilities 310,925 335,418
Commitments and contingencies
Stockholders’ equity    
Additional paid-in capital 717,191 716,233
Accumulated deficit (559,190) (523,063)
Accumulated other comprehensive loss (2,669) (1,968)
Total BuzzFeed, Inc. stockholders’ equity 155,347 191,217
Noncontrolling interests 3,019 3,337
Total stockholders’ equity 158,366 194,554
Total liabilities and stockholders’ equity 469,291 529,972
Class A Common Stock    
Stockholders’ equity    
Common stock $ 14 $ 13
Common stock, shares outstanding (in shares) 133,258 126,387
Class B Common Stock    
Stockholders’ equity    
Common stock $ 1 $ 1
Common stock, shares outstanding (in shares) 6,676 6,678
Class C Common Stock    
Stockholders’ equity    
Common stock $ 0 $ 1
Common stock, shares outstanding (in shares) 0 6,478