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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 41,295 $ 55,774
Accounts receivable (net of allowance for doubtful accounts of $1,747 as at June 30, 2023 and $1,879 as at December 31, 2022) 70,855 116,460
Prepaid expenses and other current assets 22,244 26,373
Total current assets 134,394 198,607
Property and equipment, net 14,892 17,774
Right-of-use assets 56,537 66,581
Capitalized software costs, net 21,509 19,259
Intangible assets, net 113,737 121,329
Goodwill 91,632 91,632
Prepaid expenses and other assets 13,720 14,790
Total assets 446,421 529,972
Current liabilities    
Accounts payable 37,294 29,329
Accrued expenses 16,024 26,357
Deferred revenue 6,355 8,836
Accrued compensation 19,960 31,052
Current lease liabilities 22,016 23,398
Other current liabilities 5,037 3,900
Total current liabilities 106,686 122,872
Noncurrent lease liabilities 49,036 59,315
Debt 155,979 152,253
Derivative liability 60 180
Warrant liabilities 593 395
Other liabilities 440 403
Total liabilities 312,794 335,418
Commitments and contingencies
Stockholders’ equity    
Additional paid-in capital 720,231 716,233
Accumulated deficit (587,026) (523,063)
Accumulated other comprehensive loss (2,370) (1,968)
Total BuzzFeed, Inc. stockholders’ equity 130,850 191,217
Noncontrolling interests 2,777 3,337
Total stockholders’ equity 133,627 194,554
Total liabilities and stockholders’ equity 446,421 529,972
Class A Common Stock    
Stockholders’ equity    
Common stock $ 14 $ 13
Common stock, shares outstanding (in shares) 136,615 126,387
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