Net Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Summary of Computation of Basic and Diluted Income (Loss) Per Share

The table below presents the computation of basic and diluted net income (loss) per share:


	Year Ended December 31,
	2023		2022		2021
Numerator:
Net (loss) income from continuing operations	$	(60,332)	$	(140,483)	$	3,870
Net (loss) income from discontinued operations, net of tax	(28,990)		(60,843)		22,006
Less: net income attributable to the redeemable noncontrolling interest	—		164		936
Less: net (loss) income attributable to noncontrolling interests	(743)		(533)		228
Allocation of undistributed earnings to convertible preferred stock	—		—		24,712
Net loss attributable to holders of Class A, Class B, and Class C common stock for basic net loss per share	$	(88,579)	$	(200,957)	$	—
Add: interest on Notes	—		—		1,317
Deduct: change in fair value of derivative liability	—		—		(26,745)
Reallocation of undistributed earnings to convertible preferred stock	—		—		24,712
Net loss attributable to holders of Class A, Class B, and Class C common stock for diluted net loss per share	$	(88,579)	$	(200,957)	$	(716)
Amounts attributable to BuzzFeed, Inc for net loss per common share, basic:
Net (loss) income from continuing operations	$	(59,589)	$	(140,114)	$	—
Net (loss) income from discontinued operations, net of tax	(28,990)		(60,843)		—
Net (loss) income attributable to BuzzFeed, Inc.	$	(88,579)	$	(200,957)	$	—
Amounts attributable to BuzzFeed, Inc for net loss per common share, diluted:
Net (loss) income from continuing operations	$	(59,589)	$	(140,114)	$	(716)
Net (loss) income from discontinued operations, net of tax	(28,990)		(60,843)		—
Net (loss) income attributable to BuzzFeed, Inc.	$	(88,579)	$	(200,957)	$	(716)

Denominator:
Weighted average common shares outstanding, basic	143,062		138,148		27,048
Impact of assumed conversion of Notes	—		—		953
Weighted average common shares outstanding, diluted	143,062		138,148		28,001

Net loss per common share, basic:
Continuing operations	$	(0.42)	$	(1.01)	$	—
Discontinued operations	$	(0.20)	$	(0.44)	$	—
Net loss per common share, basic, attributable to BuzzFeed, Inc.	$	(0.62)	$	(1.45)	$	—
Net loss per common share, diluted:
Continuing operations	$	(0.42)	$	(1.01)	$	(0.03)
Discontinued operations	$	(0.20)	$	(0.44)	$	—
Net loss per common share, diluted, attributable to BuzzFeed, Inc.	$	(0.62)	$	(1.45)	$	(0.03)

Summary of Shares Excluded From the Computation of Diluted Loss Per Share

The table below presents the details of securities that were excluded from the calculation of diluted net loss per share as the effect would have been anti-dilutive:


	2023	2022	2021
Stock options	3,377	3,976	4,560
Restricted stock units	8,759	7,495	2,779
Warrants	9,876	9,876	9,876