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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 42,470 $ 55,774
Accounts receivable (net of allowance for doubtful accounts of $1,996 as at September 30, 2023 and $1,879 as at December 31, 2022) 60,817 116,460
Prepaid expenses and other current assets 24,320 26,373
Total current assets 127,607 198,607
Property and equipment, net 13,415 17,774
Right-of-use assets 51,162 66,581
Capitalized software costs, net 22,110 19,259
Intangible assets, net 109,941 121,329
Goodwill 91,632 91,632
Prepaid expenses and other assets 15,340 14,790
Total assets 431,207 529,972
Current liabilities    
Accounts payable 41,610 29,329
Accrued expenses 17,713 26,357
Deferred revenue 8,273 8,836
Accrued compensation 14,724 31,052
Current lease liabilities 21,312 23,398
Other current liabilities 4,171 3,900
Total current liabilities 107,803 122,872
Noncurrent lease liabilities 43,424 59,315
Debt 157,061 152,253
Derivative liability 30 180
Warrant liabilities 489 395
Other liabilities 445 403
Total liabilities 309,252 335,418
Commitments and contingencies
Stockholders’ equity    
Additional paid-in capital 721,980 716,233
Accumulated deficit (600,748) (523,063)
Accumulated other comprehensive loss (1,776) (1,968)
Total BuzzFeed, Inc. stockholders’ equity 119,471 191,217
Noncontrolling interests 2,484 3,337
Total stockholders’ equity 121,955 194,554
Total liabilities and stockholders’ equity 431,207 529,972
Class A Common Stock    
Stockholders’ equity    
Common stock 14 13
Class B Common Stock    
Stockholders’ equity    
Common stock 1 1
Class C Common Stock    
Stockholders’ equity    
Common stock $ 0 $ 1