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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 35,637 $ 55,774
Accounts receivable (net of allowance for doubtful accounts of $1,424, and $1,879 as at December 31, 2023 and 2022, respectively) 75,692 116,460
Prepaid expenses and other current assets 21,460 26,373
Current assets of discontinued operations 0 0
Total current assets 132,789 198,607
Property and equipment, net 11,856 17,774
Right-of-use assets 46,715 66,581
Capitalized software costs, net 22,292 19,259
Intangible assets, net 26,665 31,038
Goodwill 57,562 57,562
Prepaid expenses and other assets 9,508 14,790
Noncurrent assets of discontinued operations 104,089 124,361
Total assets 411,476 529,972
Current liabilities    
Accounts payable 46,378 29,329
Accrued expenses 15,515 26,357
Deferred revenue 1,895 8,836
Accrued compensation 12,970 31,052
Current lease liabilities 21,659 23,398
Current debt 124,977 0
Other current liabilities 4,401 3,900
Current liabilities of discontinued operations 0 0
Total current liabilities 227,795 122,872
Noncurrent lease liabilities 37,820 59,315
Debt 33,837 152,253
Derivative liability 0 180
Warrant liabilities 406 395
Other liabilities 435 403
Noncurrent liabilities of discontinued operations 0 0
Total liabilities 300,293 335,418
Commitments and contingencies
Stockholders’ equity    
Additional paid-in capital 723,081 716,233
Accumulated deficit (611,768) (523,063)
Accumulated other comprehensive loss (2,500) (1,968)
Total BuzzFeed, Inc. stockholders’ equity 108,828 191,217
Noncontrolling interests 2,355 3,337
Total stockholders’ equity 111,183 194,554
Total liabilities and stockholders' equity 411,476 529,972
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