BuzzFeed (BZFD) 10-Q 12 Nov 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Nov. 08, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-39877
Entity Registrant Name	BuzzFeed, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-3022075
Entity Address, Address Line One	229 West 43rd Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10036
City Area Code	646
Local Phone Number	397-2039
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Central Index Key	0001828972
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Common Class A
Document Information [Line Items]
Title of 12(b) Security	Class A Common Stock, $0.0001 par value per share
Trading Symbol	BZFD
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		36,657,702
Redeemable warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of approximately $46.00 per share
Document Information [Line Items]
Title of 12(b) Security	Redeemable warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of approximately $46.00 per share
Trading Symbol	BZFDW
Security Exchange Name	NASDAQ
Common Stock – Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,343,299
Common Stock – Class C
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		0

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 53,723	$ 35,637
Accounts receivable (net of allowance for doubtful accounts of $1,069 as at September 30, 2024 and $1,424 as at December 31, 2023)	49,625	75,692
Prepaid expenses and other current assets	17,572	21,460
Current assets of discontinued operations	0	0
Total current assets	120,920	132,789
Property and equipment, net	7,662	11,856
Right-of-use assets	33,313	46,715
Capitalized software costs, net	22,704	22,292
Intangible assets, net	24,531	26,665
Goodwill	57,562	57,562
Prepaid expenses and other assets	9,851	9,508
Noncurrent assets of discontinued operations	0	104,089
Total assets	276,543	411,476
Current liabilities
Accounts payable	15,008	46,378
Accrued expenses	20,592	15,515
Deferred revenue	1,313	1,895
Accrued compensation	14,486	12,970
Current lease liabilities	22,804	21,659
Current debt	102,929	124,977
Other current liabilities	3,212	4,401
Current liabilities of discontinued operations	0	0
Total current liabilities	180,344	227,795
Noncurrent lease liabilities	20,360	37,820
Debt	0	33,837
Warrant liabilities	988	406
Other liabilities	781	435
Noncurrent liabilities of discontinued operations	0	0
Total liabilities	202,473	300,293
Commitments and contingencies
Stockholders’ equity
Additional paid-in capital	728,525	723,092
Accumulated deficit	(652,895)	(611,768)
Accumulated other comprehensive loss	(3,954)	(2,500)
Total BuzzFeed, Inc. stockholders’ equity	71,680	108,828
Noncontrolling interests	2,390	2,355
Total stockholders’ equity	74,070	111,183
Total liabilities and stockholders’ equity	276,543	411,476
Common Stock – Class A
Stockholders’ equity
Common stock	3	3
Common Stock – Class B
Stockholders’ equity
Common stock	$ 1	$ 1

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Allowance for credit loss	$ 1,069	$ 1,424
Common Stock – Class A
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	700,000,000	700,000,000
Common stock, shares issued (in shares)	36,610,000	35,035,000
Common stock, shares outstanding (in shares)	36,610,000	35,035,000
Common Stock – Class B
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	1,344,000	1,368,000
Common stock, shares outstanding (in shares)	1,344,000	1,368,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenue	$ 64,320	$ 59,978	$ 156,007	$ 177,014
Costs and Expenses
Cost of revenue, excluding depreciation and amortization	33,697	31,902	89,761	108,106
Sales and marketing	4,754	8,253	18,408	30,300
General and administrative	14,698	18,747	44,999	60,922
Research and development	2,581	2,442	8,532	8,921
Depreciation and amortization	5,011	5,366	15,755	16,396
Total costs and expenses	60,741	66,710	177,455	224,645
Income (loss) from continuing operations	3,579	(6,732)	(21,448)	(47,631)
Other income (expense), net	2,226	(1,307)	3,838	(4,362)
Interest expense, net	(4,034)	(4,089)	(12,496)	(11,818)
Change in fair value of warrant liabilities	87	104	(582)	(94)
Change in fair value of derivative liability	0	30	0	150
Income (loss) from continuing operations before income taxes	1,858	(11,994)	(30,688)	(63,755)
Income tax (benefit) provision	(110)	55	396	165
Net income (loss) from continuing operations	1,968	(12,049)	(31,084)	(63,920)
Net income (loss) from discontinued operations, net of tax	166	(1,883)	(9,924)	(14,109)
Net income (loss)	2,134	(13,932)	(41,008)	(78,029)
Less: net income (loss) attributable to noncontrolling interests	45	(210)	119	(470)
Net income (loss) attributable to BuzzFeed, Inc.	2,089	(13,722)	(41,127)	(77,559)
Net income (loss) from continuing operations attributable to holders of Class A and Class B common stock:
Basic	1,923	(11,839)	(31,203)	(63,450)
Diluted	$ 1,923	$ (11,839)	$ (31,203)	$ (63,450)
Net income (loss) from continuing operations per Class A and Class B common share:
Basic (in dollars per share)	$ 0.05	$ (0.33)	$ (0.84)	$ (1.78)
Diluted (in dollars per share)	$ 0.05	$ (0.33)	$ (0.84)	$ (1.78)
Weighted average common shares outstanding:
Basic (in shares)	37,949	36,263	37,181	35,646
Diluted (in shares)	38,608	36,263	37,181	35,646

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 2,134	$ (13,932)	$ (41,008)	$ (78,029)
Other comprehensive (loss) income
Foreign currency translation adjustment	(457)	511	(1,475)	(191)
Other comprehensive (loss) income	(457)	511	(1,475)	(191)
Comprehensive income (loss)	1,677	(13,421)	(42,483)	(78,220)
Comprehensive income (loss) attributable to noncontrolling interests	45	(210)	119	(470)
Foreign currency translation adjustment attributable to noncontrolling interests	270	(83)	(21)	(383)
Comprehensive income (loss) attributable to BuzzFeed, Inc.	$ 1,362	$ (13,128)	$ (42,581)	$ (77,367)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Total BuzzFeed, Inc. stockholders’ equity	Total BuzzFeed, Inc. stockholders’ equity Cumulative Effect, Period of Adoption, Adjustment	Additional paid-in capital	Accumulated deficit	Accumulated deficit Cumulative Effect, Period of Adoption, Adjustment	Accumulated other comprehensive loss	Noncontrolling interests	Common Stock – Class A	Common Stock – Class A Common Stock	Common Stock – Class B	Common Stock – Class B Common Stock	Common Stock – Class C	Common Stock – Class C Common Stock
Balance at beginning (in shares) at Dec. 31, 2022											31,597,000		1,670,000		1,620,000
Balance at beginning at Dec. 31, 2022	$ 194,554	$ (126)	$ 191,217	$ (126)	$ 716,244	$ (523,063)	$ (126)	$ (1,968)	$ 3,337		$ 3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(36,261)		(36,001)			(36,001)			(260)
Stock-based compensation	1,122		1,122		1,122
Issuance of common stock in connection with share-based plans (in shares)											128,000
Issuance of common stock in connection with share-based plans	29		29		29
Shares withheld for employee taxes (in shares)											(30,000)
Shares withheld for employee taxes	(193)		(193)		(193)
Other comprehensive (loss) income	(759)		(701)					(701)	(58)
Conversion of common stock (in shares)											1,620,000				(1,620,000)
Balance at end (in shares) at Mar. 31, 2023											33,315,000		1,670,000		0
Balance at end at Mar. 31, 2023	158,366		155,347		717,202	(559,190)		(2,669)	3,019		$ 3		$ 1		$ 0
Balance at beginning (in shares) at Dec. 31, 2022											31,597,000		1,670,000		1,620,000
Balance at beginning at Dec. 31, 2022	194,554	$ (126)	191,217	$ (126)	716,244	(523,063)	$ (126)	(1,968)	3,337		$ 3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive (loss) income	(191)
Balance at end (in shares) at Sep. 30, 2023											34,551,000		1,670,000	0	0
Balance at end at Sep. 30, 2023	121,955		119,471		721,991	(600,748)		(1,776)	2,484		$ 3		$ 1		$ 0
Balance at beginning (in shares) at Mar. 31, 2023											33,315,000		1,670,000		0
Balance at beginning at Mar. 31, 2023	158,366		155,347		717,202	(559,190)		(2,669)	3,019		$ 3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(27,836)		(27,836)			(27,836)
Stock-based compensation	2,257		2,257		2,257
Issuance of common stock in connection with share-based plans (in shares)											423,000
Shares withheld for employee taxes (in shares)											(13,000)
Shares withheld for employee taxes	(27)		(27)		(27)
Issuance of common stock in connection with at-the-market offering, net of issuance costs (in shares)											429,000
Issuance of common stock in connection with at-the-market offering, net of issuance costs	810		810		810
Other comprehensive (loss) income	57		299					299	(242)
Balance at end (in shares) at Jun. 30, 2023											34,154,000		1,670,000		0
Balance at end at Jun. 30, 2023	133,627		130,850		720,242	(587,026)		(2,370)	2,777		$ 3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(13,932)		(13,722)			(13,722)			(210)
Stock-based compensation	1,799		1,799		1,799
Issuance of common stock in connection with share-based plans (in shares)											398,000
Shares withheld for employee taxes (in shares)											(90,000)
Shares withheld for employee taxes	(187)		(187)		(187)
Issuance of common stock in connection with at-the-market offering, net of issuance costs (in shares)											89,000
Issuance of common stock in connection with at-the-market offering, net of issuance costs	137		137		137
Other comprehensive (loss) income	511		594					594	(83)
Balance at end (in shares) at Sep. 30, 2023											34,551,000		1,670,000	0	0
Balance at end at Sep. 30, 2023	121,955		119,471		721,991	(600,748)		(1,776)	2,484		$ 3		$ 1		$ 0
Balance at beginning (in shares) at Dec. 31, 2023										35,035,000	35,035,000	1,368,000	1,368,000		0
Balance at beginning at Dec. 31, 2023	111,183		108,828		723,092	(611,768)		(2,500)	2,355		$ 3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(35,782)		(35,729)			(35,729)			(53)
Stock-based compensation	776		776		776
Issuance of common stock in connection with share-based plans (in shares)											45,000
Shares withheld for employee taxes (in shares)											(1,000)
Other comprehensive (loss) income	(337)		(177)					(177)	(160)
Balance at end (in shares) at Mar. 31, 2024											35,079,000		1,368,000		0
Balance at end at Mar. 31, 2024	75,840		73,698		723,868	(647,497)		(2,677)	2,142		$ 3		$ 1		$ 0
Balance at beginning (in shares) at Dec. 31, 2023										35,035,000	35,035,000	1,368,000	1,368,000		0
Balance at beginning at Dec. 31, 2023	111,183		108,828		723,092	(611,768)		(2,500)	2,355		$ 3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive (loss) income	(1,475)
Balance at end (in shares) at Sep. 30, 2024										36,610,000	36,610,000	1,344,000	1,344,000	0	0
Balance at end at Sep. 30, 2024	74,070		71,680		728,525	(652,895)		(3,954)	2,390		$ 3		$ 1		$ 0
Balance at beginning (in shares) at Mar. 31, 2024											35,079,000		1,368,000		0
Balance at beginning at Mar. 31, 2024	75,840		73,698		723,868	(647,497)		(2,677)	2,142		$ 3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(7,360)		(7,487)			(7,487)			127
Stock-based compensation	1,747		1,747		1,747
Issuance of common stock in connection with share-based plans (in shares)											883,000
Shares withheld for employee taxes (in shares)											(92,000)
Shares withheld for employee taxes	(229)		(229)		(229)
Other comprehensive (loss) income	(681)		(550)					(550)	(131)
Conversion of common stock (in shares)											9,000		(9,000)
Balance at end (in shares) at Jun. 30, 2024											35,879,000		1,359,000		0
Balance at end at Jun. 30, 2024	69,317		67,179		725,386	(654,984)		(3,227)	2,138		$ 3		$ 1		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	2,134		2,089			2,089			45
Stock-based compensation	1,739		1,739		1,739
Issuance of common stock in connection with share-based plans (in shares)											258,000
Shares withheld for employee taxes and other (in shares)											(22,000)
Shares withheld for employee taxes and other	(62)		1		1				(63)
Issuance of common stock in connection with at-the-market offering, net of issuance costs (in shares)											480,000
Issuance of common stock in connection with at-the-market offering, net of issuance costs	1,399		1,399		1,399
Other comprehensive (loss) income	(457)		(727)					(727)	270
Conversion of common stock (in shares)											15,000		(15,000)
Balance at end (in shares) at Sep. 30, 2024										36,610,000	36,610,000	1,344,000	1,344,000	0	0
Balance at end at Sep. 30, 2024	$ 74,070		$ 71,680		$ 728,525	$ (652,895)		$ (3,954)	$ 2,390		$ 3		$ 1		$ 0

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating activities:
Net (loss)	$ (41,008)	$ (78,029)
Less: net loss from discontinued operations, net of tax	9,924	14,109
Net loss from continuing operations	(31,084)	(63,920)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	15,755	16,396
Unrealized (gain) loss on foreign currency	(1,923)	30
Stock based compensation	4,238	4,524
Change in fair value of warrants	582	94
Change in fair value of derivative liability	0	(150)
Amortization of debt discount and deferred issuance costs	4,052	3,542
Deferred income tax	(462)	404
Provision for doubtful accounts	(355)	(10)
Loss (gain) on investment	0	3,500
Gain on disposition of assets	(1,250)	(175)
Non-cash lease expense	13,528	15,460
Changes in operating assets and liabilities:
Accounts receivable	27,815	54,823
Prepaid expenses and other current assets and prepaid expenses and other assets	3,783	(1,540)
Accounts payable	(30,710)	14,421
Accrued compensation	1,528	(16,299)
Accrued expenses, other current liabilities and other liabilities	4,181	(10,451)
Lease liabilities	(16,469)	(18,028)
Deferred revenue	(581)	(569)
Cash (used in) provided by operating activities from continuing operations	(7,372)	2,052
Cash used in operating activities from discontinued operations	(8,752)	(4,415)
Cash used in operating activities	(16,124)	(2,363)
Investing activities:
Capital expenditures	(500)	(761)
Capitalization of internal-use software	(9,294)	(10,920)
Proceeds from sale of asset	350	175
Cash used in investing activities from continuing operations	(9,444)	(11,506)
Cash provided by investing activities from discontinued operations	108,575	0
Cash provided by (used in) investing activities	99,131	(11,506)
Financing activities:
Proceeds from exercise of stock options	1	29
Payment for shares withheld for employee taxes	(291)	(407)
Borrowings on Revolving Credit Facility	0	2,128
Payments on Revolving Credit Facility	(33,837)	(1,796)
Payment on Convertible Notes	(31,233)	0
Proceeds from the issuance of common stock in connection with the at-the-market offering, net of issuance costs	660	902
Payment of early termination fee for Revolving Credit Facility	(500)	0
Cash (used in) provided by financing activities	(65,200)	856
Effect of currency translation on cash and cash equivalents	279	(291)
Net increase (decrease) in cash and cash equivalents	18,086	(13,304)
Cash and cash equivalents at beginning of period	35,637	55,774
Cash and cash equivalents at end of period	$ 53,723	$ 42,470

Description of the Business

Description of the Business	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Business	Description of the Business BuzzFeed, Inc. (referred to herein, collectively with its subsidiaries, as “BuzzFeed” or the “Company”) is a premier digital media company for the most diverse, most online, and most socially connected generations the world has ever seen. Across entertainment, news, food, pop culture and commerce, our brands drive conversation and inspire what audiences watch, read, and buy now — and into the future. The Company’s iconic, globally-loved brands include BuzzFeed, HuffPost, Tasty, and First We Feast (including Hot Ones). BuzzFeed derives its revenue primarily from advertising, content, and commerce and other sold to leading brands. The Company has one reportable segment. On December 3, 2021, we consummated a business combination (the “Business Combination”) with 890 5th Avenue Partners, Inc. (“890”), certain wholly-owned subsidiaries of 890, and BuzzFeed, Inc., a Delaware corporation (“Legacy BuzzFeed”). In connection with the Business Combination, we acquired 100% of the membership interests of CM Partners, LLC. CM Partners, LLC, together with Complex Media, Inc., is referred to herein as “Complex Networks.” Following the closing of the Business Combination, 890 was renamed “BuzzFeed, Inc.” Additionally, in connection with the entry into the merger agreement pursuant to which the Business Combination was consummated, the Company issued, and certain investors purchased, $150.0 million aggregate principal amount of unsecured convertible notes due 2026 (the “Notes”) concurrently with the closing of the Business Combination. As a result of the sale of certain assets relating to the business of Complex Networks, as discussed within Note 19 herein (the “Disposition”), the Company repaid approximately $30.9 million of the Notes on March 7, 2024. The Company also repaid approximately $0.3 million of the Notes on June 21, 2024, leaving approximately $118.8 million aggregate principal amount of Notes outstanding as of September 30, 2024. Refer to Note 19 herein for additional details. Liquidity and Going Concern The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”) on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. As of the date the accompanying condensed consolidated financial statements were issued (the “issuance date”), the significance of the following adverse conditions were evaluated in accordance with U.S. GAAP. The presence of the following risks and uncertainties associated with the Company’s financial condition may adversely affect the Company’s ability to sustain its operations over the next 12 months beyond the issuance date. Since its inception, the Company has generally incurred significant losses and used net cash flows from operations to grow its owned and operated properties and its iconic brands. During the nine months ended September 30, 2024, the Company incurred a net loss of $41.0 million (and a net loss of $31.1 million from continuing operations) and used net cash flows from its operations of $16.1 million (and net cash used in operating activities from continuing operations was $7.4 million). Additionally, as of September 30, 2024, the Company had unrestricted cash and cash equivalents of $53.7 million to fund its operations and an accumulated deficit of $652.9 million. As described in Note 8 herein, the Company repaid approximately $30.9 million and $0.3 million of the Notes on March 7, 2024 and June 21, 2024, respectively, leaving approximately $118.8 million aggregate principal amount of Notes outstanding as of September 30, 2024. As described in Note 8 herein, each holder of a Note has the right under the indenture governing the Notes to require the Company to repurchase, for cash, all or a portion of the Notes held by such holder (i) at any time on or after December 3, 2024, at a repurchase price equal to the principal amount plus accrued and unpaid interest, or (ii) upon the occurrence of a fundamental change (as defined in the indenture) before the maturity date (i.e., December 3, 2026), at a repurchase price equal to 101% of the principal amount plus accrued and unpaid interest. Moreover, the Company will be required to repay the Notes, in cash, at their maturity, unless earlier converted, redeemed, or repurchased. Pursuant to the third amendment of the indenture on October 28, 2024, the period of advance notice to us required for an optional redemption was amended so that (i) if such notice (the “Put Notice”) is given on November 22, 2024, such holder shall have the right to require us to repurchase such holder’s Notes on December 3, 2024, and (ii) if such notice is after November 22, 2024, such holder shall have the right to require us to repurchase such holder’s Notes on the fifth business day following such notice. The Company expects the holders of the Notes to each deliver a Put Notice on November 22, 2024 (or soon thereafter), upon which $118.8 million of outstanding principal amount and approximately $4.7 million of accrued interest thereon will become due and payable. Prior to such payment date, the Company will be required to renegotiate the terms of the indenture governing the Notes with the holders of the Notes and / or seek alternative financing to repay the Notes. There is no assurance that the Company will be successful in either case, which would trigger an Event of Default under the indenture governing the Notes and allow the holders of the Notes to accelerate the maturity of the Notes and require repayment. The Company currently does not have sufficient cash on hand or projected cash flows to fund the repayment of the Notes. Uncertainty concerning the repayment of the Notes could cause significant volatility in the trading of our Class A common stock. In addition, on February 28, 2024, the Company amended the indenture governing the Notes to provide that, among other things, 95% of the net proceeds of future asset sales must be used to repay the Notes. To address its capital needs, and as described above, the Company may explore options to restructure its outstanding debt, and is working with advisors to optimize its condensed consolidated balance sheet. However, the Company can provide no assurance that it will generate sufficient cash inflows from operations, or that it will be successful in obtaining such new financing, or in optimizing its condensed consolidated balance sheet in a manner necessary to fund its obligations as they become due over the next 12 months beyond the issuance date. Additionally, the Company may implement incremental cost savings actions and pursue additional sources of outside capital to supplement its funding obligations as they become due, which may include additional offerings of its Class A common stock under the at-the-market offering (as described in Note 9 herein). As of the issuance date, no additional sources of outside capital have been secured or were deemed probable of being secured, other than the Company’s at-the-market-offering, which is subject to the conditions contained in the At-The-Market Offering Agreement dated June 20, 2023 with Craig-Hallum Capital Group LLC. The Company can provide no assurance it will successfully generate sufficient liquidity to fund its operations for the next 12 months beyond the issuance date, or if necessary, secure additional outside capital (including through the Company’s at-the-market-offering) or implement incremental cost savings. Moreover, on an ongoing basis, the Company is evaluating strategic changes to its operations, including asset divestitures, restructuring, or the discontinuance of unprofitable lines of business. Any such transaction could be material to the Company’s business, financial condition and results of operations. The nature and timing of any such changes depend on a variety of factors, including, as of the applicable time: the Company’s available cash, liquidity and operating performance; its commitments and obligations; its capital requirements; limitations imposed under its credit arrangements; and overall market conditions. As of the issuance date, the Company continues to work with its external advisors to optimize its condensed consolidated balance sheet and evaluate its assets. These uncertainties raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying condensed consolidated financial statements have been prepared on the basis that the Company will continue to operate as a going concern, which contemplates that it will be able to realize assets and settle liabilities and commitments in the normal course of business for the foreseeable future. Accordingly, the accompanying condensed consolidated financial statements do not include any adjustments that may result from the outcome of these uncertainties.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Financial Statements and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. GAAP and applicable rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been omitted pursuant to such rules and regulations. As such, the accompanying condensed consolidated financial statements and these related notes should be read in conjunction with the Company’s consolidated financial statements and related notes as of and for the year ended December 31, 2023, as disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. The condensed consolidated financial statements include all normal recurring adjustments that, in the opinion of management, are necessary to present fairly the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year ended December 31, 2024. The condensed consolidated financial statements include the accounts of BuzzFeed, Inc., and its wholly-owned and majority-owned subsidiaries, and any variable interest entities for which the Company is the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation. Reverse Stock Split The Company held its 2024 annual meeting of stockholders on April 25, 2024 (the “2024 Annual Meeting”), and, at the 2024 Annual Meeting, the Company’s stockholders approved the grant of discretionary authority to the Company’s board of directors to (1) amend the Company’s Second Amended and Restated Certificate of Incorporation, as amended (the “Certificate of Incorporation”), to combine outstanding shares of each of the Company’s Class A common stock and the Company’s Class B common stock into a lesser number of outstanding shares of Class A common stock and Class B common stock, as the case may be, at a specific ratio within a range of one-for-two (1-for-2) to a maximum of a one-for-twenty five (1-for-25), with the exact ratio to be determined by the Company’s board of directors in its sole discretion; and (2) effect such reverse stock split, if at all, within one year of the date the proposal was approved by the Company’s stockholders (i.e., by April 25, 2025). The Company’s board of directors subsequently approved effecting a reverse stock split, effective as of May 6, 2024, and fixed a ratio for the reverse stock split at one-for-four (1-for-4). On April 26, 2024, the Company filed an amendment to the Certificate of Incorporation with the Secretary of State of the State of Delaware (the “Certificate of Amendment”). The Certificate of Amendment effected a reverse stock split of the Class A common stock and Class B common stock at a ratio of one-for-four (1-for-4) (the “Reverse Stock Split”), effective as of 12:01 a.m., Eastern Time, on May 6, 2024. The Class A common stock began trading on a split-adjusted basis on Nasdaq on May 6, 2024, under the existing symbol “BZFD,” but the security has a new CUSIP number of 12430A300. The Public Warrants (as defined in Note 4 herein) continued to be traded under the symbol “BZFDW” and the CUSIP identifier for Public Warrants remain unchanged. As a result of the Reverse Stock Split, every four shares of the Company’s Class A common stock and the Company’s Class B common stock issued and outstanding immediately prior to the Reverse Stock Split were converted into one share of Class A common stock and Class B common stock, as the case may be, after the Reverse Stock Split. The Reverse Stock Split applied uniformly to all holders of Class A common stock and Class B common stock, and did not alter any stockholder’s percentage interest in the Company, except to the extent that the Reverse Stock Split would have resulted in some stockholders owning a fractional share. No fractional shares were issued in connection with the Reverse Stock Split, as all fractional shares were rounded up to the nearest whole share. Pursuant to the terms of the agreement governing the Public and Private Warrants, fractional shares of Class A common stock will not be issued upon exercise of a warrant, and if a holder of a warrant would be entitled to receive, upon the exercise thereof, a fractional interest in a share of Class A common stock, the Company will round down to the nearest whole number the number of shares of Class A Common Stock to be issued to such holder. Unless otherwise noted, all shares of Class A common stock and Class B common stock, including shares of Class A common stock underlying the Public Warrants and Private Warrants (as defined in Note 4 herein), stock options, restricted stock units, and the Notes, shares of Class A common stock available for grant under the Company’s equity incentive plans, shares of Class A common stock sold and available for sale under the Company’s at-the-market offering, and all conversion ratios, exercise prices, and per share information with respect thereto in the condensed consolidated financial statements have been retroactively adjusted to reflect the one-for-four (1-for-4) Reverse Stock Split, as if the split occurred at the beginning of the earliest period presented in this Quarterly Report on Form 10-Q. Discontinued Operations and Held for Sale A business is classified as held for sale when management having the authority to approve the action commits to a plan to sell the business, the sale is probable to occur during the next 12 months at a price that is reasonable in relation to its current fair value, and when certain other criteria are met. A business classified as held for sale is recorded at the lower of (i) its carrying amount and (ii) estimated fair value less costs to sell. When the carrying amount of the business exceeds its estimated fair value less costs to sell, a loss is recognized and updated each reporting period as appropriate. The results of operations of businesses classified as held for sale are reported as discontinued operations if the disposal represents a strategic shift that will have a major effect on the entity’s operations and financial results. When a business is identified for discontinued operations reporting: (i) results for prior periods are retrospectively reclassified as discontinued operations; (ii) results of operations are reported in a single line, net of tax, in the condensed consolidated statement of operations; and (iii) assets and liabilities are reported as held for sale in the condensed consolidated balance sheets in the period in which the business is classified as held for sale. The Company concluded the assets of the Complex Networks business, excluding the First We Feast brand, met the criteria for classification for held for sale as of December 31, 2023. Additionally, the Company determined the disposal (i.e., the Disposition), which took place on February 21, 2024, represented a strategic shift that had a major effect on our operations and financial results. As such, the results of Complex Networks, excluding First We Feast, are presented as discontinued operations in the condensed consolidated statements of operations for all periods presented. Prior periods have been adjusted to conform to the current presentation. The assets of Complex Networks have been reflected as assets of discontinued operations in the condensed consolidated balance sheet for the year ended December 31, 2023. Refer to Note 19 herein for additional details. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported results of operations during the reporting period. Due to the use of estimates inherent in the financial reporting process, actual results could differ from those estimates. Key estimates and assumptions relate primarily to revenue recognition, fair values of intangible assets acquired in business combinations, valuation allowances for deferred income tax assets, allowance for doubtful accounts, useful lives of fixed assets, and capitalized software costs. Cash and Cash Equivalents and Restricted Cash Financial instruments that potentially subject the Company to concentration of credit risk consist of cash and cash equivalents. The Company considers instruments with an original maturity of three months or less at the date of purchase to be cash equivalents. The Company’s cash and cash equivalents consist of demand deposits with financial institutions and investments in money market funds. Deposits held with these financial institutions may exceed the amount of insurance provided on such deposits. The associated risk of concentration is mitigated by banking with creditworthy institutions. The Company classifies all cash the use of which is limited by contractual provisions as restricted cash. In the first quarter of 2024, the Company cash collateralized the $15.5 million letters of credit then-outstanding under the Revolving Credit Facility (as defined in Note 8 herein) in the amount of $17.1 million. As such, the $17.1 million was classified as restricted cash within the condensed consolidated balance sheet as of March 31, 2024. However, during the second quarter of 2024, the Company terminated the letters of credit outstanding under the Revolving Credit Facility and therefore there is no restricted cash classification on the condensed consolidated balance sheet as of September 30, 2024. Accounting Pronouncements The Company, an emerging growth company, has elected to take advantage of the benefits of the extended transition period provided for in Section 7(a)(2)(B) of the Securities Act, as amended, for complying with new or revised accounting standards which allows the Company to defer adoption of certain accounting standards until those standards would otherwise apply to private companies. Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” which is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses, allowing financial statement users to better understand the components of a segment’s profit or loss to assess potential future cash flows for each reportable segment and the entity as a whole. The amendments expand a public entity’s segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), clarifying when an entity may report one or more additional measures to assess segment performance, requiring enhanced interim disclosures, providing new disclosure requirements for entities with a single reportable segment, and requiring other new disclosures. The amendments are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and early adoption is permitted. The Company does not expect the adoption of this new standard to have a material effect on its condensed consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which is intended to enhance the transparency, decision usefulness, and effectiveness of income tax disclosures. The amendments in this ASU require a public entity to disclose a tabular tax rate reconciliation, using both percentages and currency, with specific categories. Public companies are also required to provide a qualitative description of the states and local jurisdictions that make up the majority of the effect of the state and local income tax category and the net amount of income taxes paid, disaggregated by federal, state and foreign taxes and also disaggregated by individual jurisdictions. The amendments also remove certain disclosures that are no longer considered cost beneficial. The amendments are effective prospectively for annual periods beginning after December 15, 2024, and early adoption and retrospective application are permitted. The Company is currently evaluating the impact of adopting this guidance on the condensed consolidated financial statements.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Disaggregated Revenue The table below presents the Company’s revenue disaggregated based on the nature of its arrangements. Management uses these categories of revenue to evaluate the performance of its businesses and to assess its financial results and forecasts. Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Advertising $ 26,066 $ 26,915 $ 71,303 $ 83,720 Content 17,357 18,616 41,833 56,606 Commerce and other 20,897 14,447 42,871 36,688 Total $ 64,320 $ 59,978 $ 156,007 $ 177,014 The following table presents the Company’s revenue disaggregated by geography: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenue: United States $ 61,672 $ 53,659 $ 146,910 $ 161,908 International 2,648 6,319 9,097 15,106 Total $ 64,320 $ 59,978 $ 156,007 $ 177,014 Contract Balances The timing of revenue recognition, billings and cash collections can result in billed accounts receivable, unbilled revenue (contract assets), and deferred revenues (contract liabilities). The payment terms and conditions within the Company’s contracts vary by type, but the substantial majority require that customers pay for their services on a monthly or quarterly basis, as the services are being provided. When the timing of revenue recognition differs from the timing of payments made by customers, the Company recognizes either unbilled revenue (when performance precedes the billing date) or deferred revenue (when customer payment is received in advance of performance). The Company has determined its contracts generally do not include a significant financing component. The Company’s contract assets are presented in prepaid and other current assets on the accompanying condensed consolidated balance sheets and totaled $6.9 million and $8.3 million as of September 30, 2024 and December 31, 2023, respectively. These amounts relate to revenue recognized during the respective period that is expected to be invoiced and collected in future periods. The Company’s contract liabilities, which are recorded in deferred revenue on the accompanying condensed consolidated balance sheets, are expected to be recognized as revenues during the succeeding 12-month period. Deferred revenue totaled $1.3 million and $1.9 million as of September 30, 2024 and December 31, 2023, respectively. The amount of revenue recognized during the nine months ended September 30, 2024 that was included in the deferred revenue balance as of December 31, 2023 was $1.8 million. Transaction Price Allocated to Remaining Performance Obligations The Company has certain licensing contracts with minimum guarantees and terms extending beyond one year. Revenue to be recognized related to the remaining performance obligations was $2.1 million as of September 30, 2024 and is generally expected to be recognized over the next one three years . This amount does not include: (i) contracts with an original expected duration of one year or less, such as advertising contracts; (ii) variable consideration in the form of sales-based royalties; or (iii) variable consideration allocated entirely to wholly unperformed performance obligations. For each contract, the Company estimates whether it will be subject to variable consideration under the terms of the contract and includes its estimate of variable consideration, subject to constraint, in the transaction price based on the expected value method when it is deemed probable of being realized based on historical experience and trends. The Company updates its estimate of the transaction price each reporting period and the effect of variable consideration on the transaction price is recognized as an adjustment to revenue on a cumulative catch-up basis.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company’s financial assets and liabilities that are measured at fair value on a recurring basis are summarized below: September 30, 2024 Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 16,404 $ — $ — $ 16,404 Total $ 16,404 $ — $ — $ 16,404 Liabilities: Derivative liability $ — $ — $ — $ — Other non-current liabilities: Public Warrants 981 — — 981 Private Warrants — 7 — 7 Total $ 981 $ 7 $ — $ 988 December 31, 2023 Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 25,306 $ — $ — $ 25,306 Total $ 25,306 $ — $ — $ 25,306 Liabilities: Derivative liability $ — $ — $ — $ — Other non-current liabilities: Public Warrants 402 — — 402 Private Warrants — 4 — 4 Total $ 402 $ 4 $ — $ 406 The Company’s investments in money market funds are measured at amortized cost, which approximates fair value. The Company’s warrant liability as of September 30, 2024 and December 31, 2023 includes public and private warrants that were originally issued by 890, but which were assumed by the Company as part of the closing of the Business Combination (the “Public Warrants” and “Private Warrants,” respectively), which are recorded on the balance sheet at fair value. The carrying amount is subject to remeasurement at each balance sheet date. With each remeasurement, the carrying amount is adjusted to fair value, with the change in fair value recognized in the Company’s condensed consolidated statements of operations and comprehensive income (loss). The Public Warrants are publicly traded under the symbol “BZFDW,” and the fair value of the Public Warrants at a specific date is determined by the closing price of the Public Warrants as of that date. As such, the Public Warrants are classified within Level 1 of the fair value hierarchy. The closing price of the Public Warrants was $0.10 and $0.04 as of September 30, 2024 and December 31, 2023, respectively. Historically, Level 3 instruments consisted of the Company’s derivative liability related to the Notes. Fair value measurements categorized within Level 3 are sensitive to changes in the assumptions or methodologies used to determine fair value, and such changes could result in a significant increase or decrease in the fair value. To measure the fair value of the derivative liability, the Company compared the calculated value of the Notes with the indicated value of the host instrument, defined as the straight-debt component of the Notes. The difference between the value of the straight-debt host instrument and the fair value of the Notes resulted in the value of the derivative liability. The value of the straight-debt host instrument was estimated based on a binomial lattice model, excluding the conversion option and the make-whole payment upon conversion. As of December 31, 2023, the Company determined the fair value of the derivative liability was immaterial as (i) the closing share price of our Class A common stock was $1.00 as of December 29, 2023, and (ii) each holder of a Note will have the right to require the Company to repurchase, for cash, all or a portion of the Notes held by such holder at any time on or after December 3, 2024 (see Note 8 herein for additional details). The fair value of the embedded derivative continues to be immaterial as of September 30, 2024. There were no transfers between fair value measurement levels during the three and nine months ended September 30, 2024. Equity Investment For equity investments in entities over which the Company does not exercise significant influence, if the fair value of the investment is not readily determinable, the investment is accounted for at cost, and adjusted for subsequent observable price changes. If the fair value of the investment is readily determinable, the investment is accounted for at fair value. The Company reviews equity investments without readily determinable fair values at each period end to determine whether they have been impaired.

Property and Equipment, net

Property and Equipment, net	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net Property and equipment, net consisted of the following: September 30, 2024 December 31, 2023 Leasehold improvements $ 47,944 $ 49,007 Furniture and fixtures 3,645 3,910 Computer equipment 2,566 3,057 Video equipment 381 439 Total 54,536 56,413 Less: Accumulated depreciation (46,874) (44,557) Net Carrying Value $ 7,662 $ 11,856 Depreciation totaled $1.5 million and $1.6 million for the three months ended September 30, 2024 and 2023, respectively, and $4.7 million and $5.0 million for the nine months ended September 30, 2024 and 2023, respectively, included in depreciation and amortization expense.

Capitalized Software Costs, net

Capitalized Software Costs, net	9 Months Ended
	Sep. 30, 2024
Capitalized Computer Software, Net [Abstract]
Capitalized Software Costs, net	Capitalized Software Costs, net Capitalized software costs, net consisted of the following: September 30, 2024 December 31, 2023 Website and internal-use software $ 89,582 $ 82,138 Less: Accumulated amortization (66,878) (59,846) Net Carrying Value $ 22,704 $ 22,292 The Company capitalized $2.9 million and $3.2 million for the three months ended September 30, 2024 and 2023, respectively, and $9.3 million and $10.9 million for the nine months ended September 30, 2024 and 2023, respectively, included in capitalized software costs, net. The Company amortized $2.8 million and $2.7 million for the three months ended September 30, 2024 and 2023, respectively, and $8.9 million and $8.1 million for the nine months ended September 30, 2024 and 2023, respectively, included in depreciation and amortization expense.

Intangible Assets, net

Intangible Assets, net	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, net	Intangible Assets, net The following table presents the detail of intangible assets for the periods presented and the weighted average remaining useful lives: September 30, 2024 December 31, 2023 Weighted- Gross Accumulated Net Carrying Weighted- Gross Carrying Accumulated Net Carrying Value Acquired Technology 0 $ 5,500 $ 5,500 $ — 0 $ 5,500 $ 5,271 $ 229 Trademarks and Trade Names 12 28,550 6,132 22,418 13 28,550 4,704 23,846 Trademarks and Trade Names Indefinite 1,368 — 1,368 Indefinite 1,368 — 1,368 Customer Relationships 1 2,550 1,805 745 2 2,550 1,328 1,222 Total $ 37,968 $ 13,437 $ 24,531 $ 37,968 $ 11,303 $ 26,665 With respect to intangible assets, the Company amortized $0.6 million and $1.1 million for the three months ended September 30, 2024 and 2023, respectively, and $2.1 million and $3.3 million for the nine months ended September 30, 2024 and 2023, respectively, included in depreciation and amortization expense. Estimated future amortization expense as of September 30, 2024 is as follows (in thousands): Remainder of 2024 $ 635 2025 2,488 2026 1,903 2027 1,903 2028 1,903 Thereafter 14,331 Total $ 23,163 Goodwill Impairment The Company reviews goodwill for impairment annually as of October 1 and more frequently if events or changes in circumstances indicate an impairment may exist (a “triggering event”). As of September 30, 2024, the Company had $57.6 million of goodwill recorded on its condensed consolidated balance sheet. The Company concluded there were no impairment triggering events as of, and for, the three and nine months ended September 30, 2024.

Debt

Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt Revolving Credit Facility On December 30, 2020, the Company entered into a three-year, $50.0 million, revolving loan and standby letter of credit facility agreement, which was amended and restated on December 3, 2021 in connection with the closing of the Business Combination, further amended and restated on December 15, 2022, and amended on each of June 29, 2023 and September 26, 2023 (i.e., the Revolving Credit Facility). Among other things, the Revolving Credit Facility provided for the issuance of up to $15.5 million of standby letters of credit, which were issued during the three months ended March 31, 2021 in favor of certain of the Company’s landlords. The Company had outstanding letters of credit of $15.5 million under the Revolving Credit Facility at December 31, 2023 (none at September 30, 2024, as described below). On February 21, 2024, in connection with the Disposition discussed within Note 19 herein, the Company terminated the Revolving Credit Facility, except for the $15.5 million in letters of credit outstanding. However, during the second quarter of 2024, the Company terminated the $15.5 million in letters of credit outstanding under the Revolving Credit Facility, resulting in the full termination of the Revolving Credit Facility. Standby Letters of Credit During the second quarter of 2024, the Company entered into an agreement with a financial institution for standby letters of credit in the amount of $15.5 million, which were issued during the second quarter of 2024 in favor of certain of the Company’s landlords and remain outstanding as of September 30, 2024. Convertible Notes In June 2021, in connection with the entry into the merger agreement pursuant to which the Business Combination was consummated, the Company entered into subscription agreements with certain investors to sell $150.0 million aggregate principal amount of unsecured convertible notes due 2026 (i.e., the Notes). In connection with the closing of the Business Combination, the Company issued, and those investors purchased, the Notes, which are governed by an indenture, dated December 3, 2021, which was amended on each of July 10, 2023, February 28, 2024, and October 28, 2024. The Notes are convertible into shares of our Class A common stock at a conversion price of approximately $50.00 and bear interest at a rate of 8.50% per annum, payable semi-annually. The Notes mature on December 3, 2026. As of September 30, 2024, the Notes were convertible into approximately 2,375,347 shares of our Class A common stock. Each holder of a Note has the right under the indenture governing the Notes to require the Company to repurchase, for cash, all or a portion of the Notes held by such holder (i) at any time on or after December 3, 2024 (i.e., the third anniversary of the issuance of the Notes), at a repurchase price equal to the principal amount plus accrued and unpaid interest, or (ii) upon the occurrence of a fundamental change (as defined in the indenture) before the maturity date (i.e., December 3, 2026), at a repurchase price equal to 101% of the principal amount plus accrued and unpaid interest. Pursuant to the third amendment of the indenture on October 28, 2024, the period of advance notice to the Company required for an optional redemption was amended so that (i) if such notice (the “Put Notice”) is given on November 22, 2024, such holder shall have the right to require the Company to repurchase such holder’s Notes on December 3, 2024, and (ii) if such notice is after November 22, 2024, such holder shall have the right to require the Company to repurchase such holder's Notes on the fifth business day following such notice. The Company expects the holders of the Notes to each deliver a Put Notice on November 22, 2024 (or soon thereafter), upon which $118.8 million of outstanding principal amount and approximately $4.7 million of accrued interest thereon will become due and payable. Prior to such payment date, the Company will be required to renegotiate the terms of the indenture governing the Notes with the holders of the Notes and / or seek alternative financing to repay the Notes. There is no assurance that the Company will be successful in either case, which would trigger an Event of Default under the indenture governing the Notes and allow the holders of the Notes to accelerate the maturity of the Notes and require repayment. The Company currently does not have sufficient cash on hand or projected cash flows to fund the repayment of the Notes. Uncertainty concerning the repayment of the Notes could cause significant volatility in the trading of our Class A common stock. In addition, a failure to comply with the other provisions of the indenture governing our Notes could trigger an event of default under the indenture, which would also allow the holders of the Notes to accelerate the maturity of the Notes and require the Company to repay the Notes prior to their maturity. Moreover, the Company will be required to repay the Notes, in cash, at their maturity, unless earlier converted, redeemed, or repurchased. The Company may, at its election, force conversion of the Notes after December 3, 2024 (i.e., after the third anniversary of the issuance of the Notes), subject to a holder’s prior right to convert and the satisfaction of certain other conditions, if the volume-weighted average trading price of our Class A common stock is greater than or equal to 130% of the conversion price for more than 20 trading days during a period of 30 consecutive trading days, which has yet to occur. In the event that a holder of the Notes elects to convert its Notes prior to December 3, 2024, the Company will be obligated to pay an amount in cash equal to 12 month’s interest declining ratably on a monthly basis to zero month’s interest, in each case, on the aggregate principal amount of the Notes so converted. Without limiting a holder’s right to convert the Notes at its option, interest will cease to accrue on the Notes during any period in which the Company would otherwise be entitled to force conversion of the Notes, but is not permitted to do so solely due to the failure of a trading volume condition specified in the indenture governing the Notes. The indenture governing the Notes includes restrictive covenants that, among other things, limit the Company’s ability to incur additional debt or liens, make restricted payments or investments, dispose of significant assets, transfer specified intellectual property, or enter into transactions with affiliates. Additionally, pursuant to the second amendment of the indenture on February 28, 2024, done in connection with the Disposition, 95% of the net proceeds of future asset sales must be used to repay the Notes. On March 7, 2024, in connection with the Disposition, the Company repaid approximately $30.9 million of the Notes. In connection with the repayment, the Company determined the modified debt terms were not substantially different from the original terms and applied modification accounting. The Company derecognized approximately 20.6% of the unamortized debt discount and issuance costs, which resulted in an approximately $4.9 million loss on partial debt extinguishment that was attributed to the discontinued operation. Additionally, on June 21, 2024, the Company repaid approximately $0.3 million of the Notes in connection with an asset sale (refer to Note 19 herein for additional details). As of September 30, 2024, there was approximately $118.8 million aggregate principal amount of Notes outstanding. In accounting for the Notes, the Company bifurcated a derivative liability representing the conversion option, with a fair value at issuance of $31.6 million. To measure the fair value of the derivative liability, the Company compared the calculated value of the Notes with the indicated value of the host instrument, defined as the straight-debt component of the Notes. The difference between the value of the straight-debt host instrument and the fair value of the Notes resulted in the value of the derivative liability. The value of the straight-debt host instrument was estimated based on a binomial lattice model, excluding the conversion option and the make-whole payment upon conversion. The derivative liability is remeasured at each reporting date with the resulting gain or loss recorded in change in fair value of derivative liability within the condensed consolidated statements of operations. As of December 31, 2023, the Company determined the fair value of the derivative liability was immaterial as (i) the closing share price of our Class A common stock was $1.00 as of December 29, 2023, and (ii) each holder of a Note has the right to require the Company to repurchase, for cash, all or a portion of the Notes held by such holder at any time on or after December 3, 2024 (i.e., the third anniversary of the issuance of the Notes), at a repurchase price equal the principal amount plus accrued and unpaid interest. The fair value of the embedded derivative continues to be immaterial as of September 30, 2024. Interest expense on the Notes is recognized at an effective interest rate of 16% and totaled $4.0 million and $3.8 million for the three months ended September 30, 2024 and 2023, respectively, and $11.5 million and $11.2 million for the nine months ended September 30, 2024 and 2023, respectively, of which amortization of the debt discount and issuance costs comprised $1.5 million and $1.3 million for the three months ended September 30, 2024 and 2023, respectively, and $4.0 million and $3.6 million for the nine months ended September 30, 2024 and 2023, respectively . The effective interest rate of 16% was remeasured in connection with the aforementioned modification accounting and assumes a maturity date of December 3, 2026. The net carrying amount of the Notes as of September 30, 2024 and December 31, 2023 was: September 30, 2024 December 31, 2023 Principal outstanding $ 118,767 $ 150,000 Unamortized debt discount and issuance costs (15,838) (25,023) Net carrying value $ 102,929 $ 124,977 The fair value of the Notes was approximately $99.2 million and $112.8 million as of September 30, 2024 and December 31, 2023, respectively. The fair value of the Notes was estimated using Level 3 inputs.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2024
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity Common Stock The Company is authorized to issue 700,000,000 shares of Class A common stock, par value $0.0001 per share, 20,000,000 shares of Class B common stock, par value $0.0001 per share, and 10,000,000 shares of Class C common stock, par value $0.0001 per share. Each share of Class A common stock is entitled to one vote and each share of Class B common stock is entitled to fifty votes. Class C common stock is non-voting. Preferred Stock The Company is authorized to issue 50,000,000 shares of preferred stock, par value $0.0001 per share. The Company’s board of directors is authorized, without further stockholder approval, to issue such preferred stock in one or more series, to fix the voting rights, if any, designations, powers, preferences, the relative, participating, optional or other special rights and any qualifications, limitations and restrictions thereof, applicable to the shares of each series. There were no issued and outstanding shares of preferred stock as of September 30, 2024 or December 31, 2023. Stock-Based Compensation Stock Options A summary of the stock option activity under the Company’s equity incentive plans is presented below: Number of Weighted Weighted Aggregate Balance as of December 31, 2023 845 $ 24.98 1.71 $ — Granted 7,213 2.18 — — Exercised — 3.00 — — Forfeited (159) 4.71 — — Expired (611) 23.98 — — Balance as of September 30, 2024 7,288 $ 2.94 9.49 $ 3,438 Expected to vest at September 30, 2024 7,288 $ 2.94 9.49 $ 3,438 Exercisable at September 30, 2024 178 $ 31.54 4.47 $ 1 As of September 30, 2024, the total share-based compensation costs not yet recognized related to unvested stock options was $9.1 million, which is expected to be recognized over the weighted-average remaining requisite service period of 1.3 years. Restricted Stock Units A summary of restricted stock unit (“RSU”) activity is presented below: Shares Weighted Average Grant- Outstanding as of December 31, 2023 2,190 $ 3.74 Granted 928 1.38 Vested (1,135) 3.79 Forfeited (485) 3.73 Outstanding as of September 30, 2024 1,498 $ 2.25 As of September 30, 2024, there were approximately $2.4 million of unrecognized compensation costs related to RSUs. Stock-Based Compensation Expense The following table summarizes stock-based compensation expense included in the condensed consolidated statements of operations: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Cost of revenue, excluding depreciation and amortization $ 430 $ 220 $ 1,006 $ 744 Sales and marketing 203 236 404 681 General and administrative 971 1,184 2,518 3,320 Research and development 1 135 67 310 (221) Total $ 1,739 $ 1,707 $ 4,238 $ 4,524 ________________________________ (1) The negative stock-based compensation expense for the nine months ended September 30, 2023 for research and development was due to forfeitures. RSUs settle into shares of common stock upon vesting. Upon the vesting of the RSUs, for certain employees, the Company net-settles the RSUs and withholds a portion of the shares to satisfy minimum statutory employee withholding tax requirements. Total payment of the employees’ tax obligations to the tax authorities is reflected as a financing activity within the condensed consolidated statements of cash flows. At-The-Market Offering

Net Income (Loss) Per Share

Net Income (Loss) Per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income (Loss) Per Share Net income (loss) per share is computed using the two-class method. Basic net income (loss) per share is computed using the weighted average number of shares of common stock outstanding for the period. Diluted net income (loss) per share reflects the effect of the assumed exercise of any stock options, the vesting of any restricted stock units, the exercise of any warrants (including the Public Warrants and the Private Warrants), the conversion of any convertible debt (including the Notes), and the conversion of any convertible preferred stock, in each case only in the periods in which such effect would have been dilutive. For the three and nine months ended September 30, 2024 and 2023, net income (loss) per share amounts were the same for Class A and Class B common stock because the holders of each class are entitled to equal per share dividends. There were no shares of Class C common stock outstanding for any period presented. The table below presents the computation of basic and diluted net income (loss) per share: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Numerator: Net income (loss) from continuing operations $ 1,968 $ (12,049) $ (31,084) $ (63,920) Net income (loss) from discontinued operations, net of tax 166 (1,883) (9,924) (14,109) Less: net income (loss) attributable to noncontrolling interests 45 (210) 119 (470) Net income (loss) attributable to holders of Class A and Class B common stock $ 2,089 $ (13,722) $ (41,127) $ (77,559) Amounts attributable to BuzzFeed, Inc. for net income (loss) per common share, basic and diluted: Net income (loss) from continuing operations 1,923 (11,839) (31,203) (63,450) Net income (loss) from discontinued operations, net of tax 166 (1,883) (9,924) (14,109) Net income (loss) attributable to BuzzFeed, Inc. $ 2,089 $ (13,722) $ (41,127) $ (77,559) Denominator: Weighted average common shares outstanding, basic 37,949 36,263 37,181 35,646 Weighted average common shares outstanding, diluted 38,608 36,263 37,181 35,646 Net income (loss) per common share, basic: Continuing operations $ 0.05 $ (0.33) $ (0.84) $ (1.78) Discontinued operations 0.00 (0.05) (0.27) (0.40) Net income (loss) per common share, basic, attributable to BuzzFeed, Inc. 1 $ 0.06 $ (0.38) $ (1.11) $ (2.18) Net income (loss) per common share, diluted Continuing operations $ 0.05 $ (0.33) $ (0.84) $ (1.78) Discontinued operations 0.00 (0.05) (0.27) (0.40) Net income (loss) per common share, diluted, attributable to BuzzFeed, Inc. 1 $ 0.05 $ (0.38) $ (1.11) $ (2.18) _________________________________ (1) Net income (loss) per share information is presented on a rounded basis using actual amounts. Minor differences in totals may exist due to rounding. The numerator for net income (loss) per basic and diluted common share from continuing operations excludes the impact of net income (loss) attributable to the noncontrolling interests for all periods presented. The table below presents the details of securities that were excluded from the calculation of diluted income (loss) per share as the effect would have been anti-dilutive: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Stock options 7,288 869 7,288 869 Restricted stock units — 2,878 1,498 2,878 Warrants 2,469 2,469 2,469 2,469 Convertible notes 2,375 3,000 2,375 3,000

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s tax provision or benefit from income taxes for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items, if any. Each quarter the Company updates its estimate of the annual effective tax rate and makes a year-to-date adjustment to the provision. Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Income tax (benefit) provision $ (110) $ 55 $ 396 $ 165 Effective tax rate (5.9) % (0.4) % (1.3) % (0.2) % For the three and nine months ended September 30, 2024, the Company’s effective tax rate on continuing operations differed from the U.S. federal statutory income tax rate of 21% primarily due to limited tax benefits provided for against its current year pre-tax operating loss, as the Company maintains a full valuation allowance against its U.S. deferred tax assets that are not realizable on a more-likely-than-not basis and the discrete impact of finalization of Canadian tax return filings. For the three and nine months ended September 30, 2023, the Company’s effective tax rate on continuing operations differed from the U.S. federal statutory income tax rate of 21% primarily due to limited tax benefits provided for against its current year pre-tax operating loss as the Company maintains a full valuation allowance against its U.S. deferred tax assets that are not realizable on a more-likely-than-not basis. The Company, or one of its subsidiaries, files its tax returns in the U.S. and certain state and foreign income tax jurisdictions with varying statute of limitations. The major jurisdictions in which the Company is subject to potential examination by tax authorities are the U.S., the United Kingdom, Japan, and Canada.

Restructuring Costs

Restructuring Costs	9 Months Ended
	Sep. 30, 2024
Restructuring Costs [Abstract]
Restructuring Costs	Restructuring Costs In February 2024, the Company announced plans to reduce expenses by implementing an approximately 16% reduction in the then-current workforce (after the Disposition, as discussed within Note 19 herein). In doing so, the Company reduced the size of its centralized operations to enable its individual brands to operate with more autonomy and deliver against their differentiated value propositions for advertisers. The reduction in workforce plan was intended to position the Company to be more agile, sustainable, and profitable. The Company incurred approximately $2.9 million of restructuring costs for the nine months ended September 30, 2024, comprised mainly of severance and related benefits costs, of which $1.2 million were included in cost of revenue, excluding depreciation and amortization, $1.5 million were included in sales and marketing, and $0.2 million were included in general and administrative. Additionally, in accordance with the Asset Purchase Agreement (the “Complex Sale Agreement”), dated as of February 21, 2024 between a wholly-owned subsidiary of the Company and Commerce Media Holdings, LLC., pursuant to which the Disposition was consummated, Commerce Media reimbursed the Company for approximately $1.8 million in payments related to “Non-Transferring Employees” (as defined in the Complex Sale Agreement), including severance. The amount of these severance and related charges are not included within the restructuring charges noted above. The Company treated the reimbursement as an expense reimbursement. In April 2023, the Company announced plans to reduce expenses by implementing an approximately 15% reduction in the then-current workforce. The reduction in workforce plan was part of a broader strategic reprioritization across the Company in order to improve upon profitability and cash flow. The Company incurred approximately $6.8 million of restructuring costs for the nine months ended September 30, 2023, comprised mainly of severance and related benefit costs, of which $4.3 million were included in cost of revenue, excluding depreciation and amortization, $1.3 million were included in sales and marketing, $0.4 million were included in general and administrative, and $0.8 million were included in research and development.

Leases

Leases	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Leases	Leases The Company leases office space under non-cancelable operating leases with various expiration dates through 2029. The Company accounts for leases under Accounting Standards Update 2016-02, Leases (Topic 842) (“ASC 842”) by recording right-of-use assets and liabilities. The right-of-use asset represents the Company’s right to use underlying assets for the lease term and the lease liability represents the Company’s obligation to make lease payments under the lease. The Company determines if an arrangement is, or contains, a lease at contract inception and exercises judgment and applies certain assumptions when determining the discount rate, lease term, and lease payments. ASC 842 requires a lessee to record a lease liability based on the discounted unpaid lease payments using the interest rate implicit in the lease or, if the rate cannot be readily determined, the incremental borrowing rate. Generally, the Company does not have knowledge of the rate implicit in the lease and, therefore, uses its incremental borrowing rate for a lease. The lease term includes the non-cancelable period of the lease plus any additional periods covered by an option to extend that the Company is reasonably certain to exercise. The Company’s lease agreements generally do not contain any material residual value guarantees or material restrictive covenants. Certain of the Company’s lease agreements include escalating lease payments. Additionally, certain lease agreements contain renewal provisions and other provisions which require the Company to pay taxes, insurance, or maintenance costs. The Company subleases certain leased office space to third parties when it determines there is excess leased capacity. On July 8, 2022, the Company entered into a sublease with a third party with respect to substantially all of the Company’s then-existing corporate headquarters. The sublease commenced on August 26, 2022 and expires on May 30, 2026, unless terminated sooner in accordance with the provisions of the sublease. Pursuant to the terms of the sublease, the subtenant pays a fixed monthly rent of $0.8 million, subject to periodic increases. In-lieu of a cash security deposit, the Company received a letter of credit from Citibank for approximately $4.5 million. On February 21, 2024, in connection with the Disposition, the Company licensed the use of office space in the Company’s corporate headquarters. Refer to Note 19 herein for further details on this arrangement. Sublease rent income is recognized as an offset to rent expense on a straight-line basis over the lease term. In addition to sublease rent, other costs such as common-area maintenance, utilities, and real estate taxes are charged to subtenants over the duration of the lease for their proportionate share of these costs. The following illustrates the lease costs for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Operating lease cost $ 6,041 $ 7,557 $ 18,334 $ 22,620 Sublease income (4,410) (3,926) (12,932) (11,778) Total lease cost $ 1,631 $ 3,631 $ 5,402 $ 10,842 All components of total lease cost are recorded within general and administrative expenses within the condensed consolidated statement of operations. The Company does not have material short-term or variable lease costs. The following amounts were recorded in the Company’s condensed consolidated balance sheets related to operating leases: September 30, 2024 December 31, 2023 Assets Right-of-use assets $ 33,313 $ 46,715 Liabilities Current lease liabilities 22,804 21,659 Noncurrent lease liabilities 20,360 37,820 Total lease liabilities $ 43,164 $ 59,479 Other information related to leases was as follows: Nine Months Ended Nine Months Ended Supplemental cash flow information: Cash paid for amounts included in measurement of lease liabilities: Operating cash flows for operating lease liabilities 21,183 25,369 September 30, 2024 December 31, 2023 Weighted average remaining lease term (years) 2.0 2.7 Weighted average discount rate 14.0 % 13.9 % Maturities of lease liabilities as of September 30, 2024 were as follows: Year Operating Leases Remainder of 2024 $ 7,109 2025 25,607 2026 12,787 2027 2,469 2028 870 Thereafter 571 Total lease payments 49,413 Less: imputed interest (6,249) Total $ 43,164 Sublease receipts to be received in the future under noncancelable subleases as of September 30, 2024 were as follows: Year Amount Remainder of 2024 $ 4,413 2025 16,536 2026 4,692 2027 — Thereafter — Total $ 25,641

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Guarantees In the course of its business, the Company both provides and receives indemnities which are intended to allocate certain risks associated with business transactions. Similarly, the Company may remain contingently liable for various obligations of a business that has been divested in the event that a third party does not fulfill its obligations under an indemnification obligation. The Company records a liability for indemnification obligations and other contingent liabilities when probable and reasonably estimable. Legal Matters The Company is party to various lawsuits and claims in the ordinary course of business. Although the outcome of such matters cannot be predicted with certainty and the impact that the final resolution of such matters will ultimately have on the Company’s condensed consolidated financial statements is not known, the Company does not believe that the resolution of these matters will have a material adverse effect on the Company’s future results of operations or cash flows. The Company settled or resolved certain legal matters during the three and nine months ended September 30, 2024 and 2023 that did not individually or in the aggregate have a material impact on the Company’s business or its condensed consolidated financial position, results of operations, or cash flows. Video Privacy Protection Act: On May 16, 2023, a lawsuit titled Hunthausen v. BuzzFeed, Inc. was filed against the Company in the United States District Court for the Southern District of California, asserting class action claims for alleged violation of the Video Privacy Protection Act (“VPPA”) based on the claimed transmission of personally identifying information via the Meta pixel, Google Analytics, and the TikTok pixel, all of which are purportedly connected to posts on the BuzzFeed.com website. The putative class plaintiff was seeking an injunction to stop further alleged wrongful conduct, to recover unspecified compensatory damages and an award of costs, and any further appropriate relief. The matter was settled on January 4, 2024 and is now disposed. On August 4, 2023, the Company received 8,927 individual demands for JAMS arbitration in California, all of which allege that the Company violated the VPPA by transmitting personally identifying information via the Meta pixel, purportedly connected to posts on the BuzzFeed website. Each claimant was seeking to recover damages in the amount of $2,500 (actual dollars) for each alleged violation of the VPPA. The Company provisionally settled these claims on January 29, 2024 as part of an agreed class action settlement in the matter titled Peters v. BuzzFeed, Inc., pending in the Circuit Court of the 17th Judicial Circuit in Broward County, Florida (the “Circuit Court”). On October 18, 2024, the Circuit Court entered its final judgment and the matter was dismissed with prejudice in accordance with the terms of the parties’ settlement agreement. On August 15, 2023, the Company received (1) 5,247 individual demands for JAMS arbitration in California, all of which allege that the Company violated the VPPA by transmitting personally identifying information via the use of various pixels purportedly in connection with the HuffPost.com website; and (2) 12,176 individual demands for JAMS arbitration in California, all of which allege that the Company violated the VPPA by transmitting personal identifying information via the use of various pixels purportedly in connection with the BuzzFeed.com website. Each claimant was seeking to recover damages in the amount of $2,500 (actual dollars) for each alleged violation of the VPPA, as well as punitive damages, attorneys’ fees and costs, and equitable relief. The Company settled these claims on January 16, 2024 and the settlement has since been paid. On October 31, 2023, the Company received 590 individual demands for JAMS arbitration in California, all of which allege that the Company violated the VPPA by transmitting personally identifying information via the use of various pixels purportedly in connection with the BuzzFeed.com website. Each claimant was seeking to recover damages in the amount of $2,500 (actual dollars) for each alleged violation of the VPPA. The Company provisionally settled these claims on January 29, 2024 as part of an agreed class action settlement in the matter titled Peters v. BuzzFeed, Inc., pending in the Circuit Court. On October 18, 2024, the Circuit Court entered its final judgment and the matter was dismissed with prejudice in accordance with the terms of the parties’ settlement agreement. Mass Arbitrations: Two mass arbitrations (the “Arbitrations”) were initiated before the American Arbitration Association (the “AAA”) on March 15, 2022 against the Company and certain of its executive officers and directors (together, the “BuzzFeed Defendants”) and Continental Stock Transfer Corporation by 91 individuals previously employed by Legacy BuzzFeed (the “Claimants”). The Claimants alleged that they were harmed when they were allegedly unable to convert their shares of Class B common stock to Class A common stock and sell those shares on December 6, 2021, the first day of trading following the Business Combination, and asserted claims for negligence, misrepresentation, breach of fiduciary duty, and violation of Section 11 of the Securities Act. The Claimants sought to recover unspecified compensatory damages, an award of costs, and any further appropriate relief. On April 21, 2022, the BuzzFeed Defendants filed a complaint in the Delaware Court of Chancery seeking to enjoin the Arbitrations on the grounds that, inter alia, the Claimants’ purported causes of action arise from their rights as shareholders of the Company, are governed by the Company’s charter, including its forum selection provision, and are therefore not arbitrable (the “Delaware Action”). The complaint sought declaratory and injunctive relief. A hearing on the merits of the Delaware Action was held on July 26, 2022. On October 28, 2022, the Court of Chancery granted the Company’s motion to permanently enjoin the Claimants’ arbitration claims. On January 17, 2023, the Claimants filed amended statements of claim in the Arbitrations against BuzzFeed Media Enterprises, Inc., a wholly-owned subsidiary of the Company, and Continental Stock Transfer & Trust Corporation, the transfer agent for 890 and, later, the Company. The amended statements of claim likewise allege that the Claimants were harmed when they were allegedly unable to convert their shares of Class B common stock to Class A common stock and sell those shares on the first day of trading following the Business Combination. The Claimants allege claims for breach of contract and the covenant of good faith and fair dealing, misrepresentation, and negligence, and seek to recover unspecified compensatory damages, an award of costs, and any further appropriate relief. On March 29, 2023, BuzzFeed Media Enterprises, Inc., filed a complaint in the Delaware Court of Chancery seeking to enjoin the Arbitrations on the grounds that, inter alia, the Claimants’ purported causes of action arise from their rights as shareholders of the Company, are governed by the Company’s charter, including its forum selection provision, and are therefore not arbitrable. The complaint seeks declaratory and injunctive relief. The parties cross-moved for summary judgment. On November 20, 2023, the Court of Chancery heard oral arguments on the Company’s motion for summary judgment and the Claimants’ cross-motion to dismiss the Company’s complaint. On May 15, 2024, the Delaware Chancery Court ruled that the AAA was to determine whether the matter was arbitrable for those claimants who had produced employment agreements containing arbitration clauses. On June 13, 2024, the Company wrote to the AAA requesting that it continue to stay the arbitrations because there remained six claimants who had not established that they had employment agreements containing arbitration clauses and, therefore, the Delaware Chancery Court retained jurisdiction to adjudicate those six claims. Claimants opposed and, on June 18, 2024, the AAA indicated that it planned to move the arbitration forward with respect to the 85 claimants whose claims had been resolved by the Delaware Chancery Court, notwithstanding that six claimants still remained before that court. On September 9, 2024, BuzzFeed Media Enterprises, Inc., filed a notice of appeal of the May 15, 2024 decision of the Delaware Chancery Court with the Supreme Court of the State of Delaware. The matter is ongoing. California Invasion of Privacy Act On April 11, 2024, a lawsuit titled Chih-Yuan Chang et al. v. BuzzFeed, Inc. was filed against the Company in the Southern District of New York, alleging that the Company, by causing the Sharethrough, IQM, and Dotomi trackers to be installed on website visitors’ internet browsers, is collecting visitors’ personal identifying information without their consent, in violation of the California Invasion of Privacy Act (CIPA). Plaintiff, additionally, sought class certification. This matter was settled on July 9, 2024 and the case is now disposed. Nasdaq Listing Compliance Minimum Bid Requirement On May 31, 2023, as expected, the Company received a letter from Nasdaq’s Listing Qualifications Department (the “Nasdaq Staff”) notifying the Company that, for the previous 30 consecutive business days, the bid price for the Company’s Class A common stock had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). In connection with the Company’s application to obtain additional time to regain compliance, as of the opening of business November 30, 2023, the Company’s Class A common stock and warrants were transferred to The Nasdaq Capital Market, which operates in substantially the same manner as The Nasdaq Global Market, where they continue to trade under the symbols “BZFD” and “BZFDW,” respectively. As disclosed in Note 2 herein, to increase the bid price of our Class A common stock, the Company effected the Reverse Stock Split on May 6, 2024. As of May 17, 2024, the closing bid price of the Company’s Class A common stock had been over $1.00 per share for at least 10 consecutive business days. On May 20, 2024, the Nasdaq Staff confirmed that the Company had regained compliance with the Bid Price Requirement. Audit Committee Requirement

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the CODM, in deciding how to allocate resources and in assessing performance. The Company has determined that its chief executive officer is its CODM who makes resource allocation decisions and assesses performance based upon financial information at the consolidated level. The Company manages its operations as a single segment for the purpose of assessing and making operating decisions. Since the Company operates in one operating segment, all required financial segment information can be found in the condensed consolidated financial statements.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company recognized revenue from NBCUniversal Media, LLC (“NBCU”), previously a holder of 5% or more of our Class A common stock, of $1.9 million for the three months ended September 30, 2023, and $0.6 million and $2.6 million for the nine months ended September 30, 2024 and 2023, respectively. The Company recognized expenses under contractual obligations from NBCU of $nil for the three months ended September 30, 2023, and $nil and $nil for the nine months ended September 30, 2024 and 2023, respectively. The Company had outstanding receivable balances of $0.2 million from NBCU as of December 31, 2023. The Company had an outstanding payable balance of $0.2 million to NBCU as of December 31, 2023. During the second quarter of 2024, NBCU ceased to be a holder of 5% or more of our Class A common stock, and as such, activity for the nine months ended September 30, 2024 only includes activity through the second quarter of 2024. Verizon Ventures LLC (“Verizon”), collectively with its affiliates, is a holder of 5% or more of the Company’s Class A common stock. Verizon is the landlord for the Company’s corporate headquarters, and the Company transacts with Verizon in the normal course of business, such as with agency advertising deals and for certain utilities. The Company recognized revenue from Verizon of $1.2 million and $nil for the three months ended September 30, 2024 and 2023, respectively, and $1.8 million and $0.1 million for the nine months ended September 30, 2024 and 2023, respectively. The Company recognized expenses under contractual obligations from Verizon of $1.5 million and $1.5 million for the three months ended September 30, 2024 and 2023, respectively, and $4.4 million and $4.5 million nine months ended September 30, 2024 and 2023, respectively. The Company had an outstanding receivable balance from Verizon of $1.4 million as of September 30, 2024 (none as of December 31, 2023), and no

Supplemental Disclosures

Supplemental Disclosures	9 Months Ended
	Sep. 30, 2024
Supplemental Disclosures [Abstract]
Supplemental Disclosures	Supplemental Disclosures Film Costs Film costs, which were included in prepaid and other assets on the condensed consolidated balance sheets, were as follows: September 30, 2024 December 31, 2023 Individual Monetization: Feature films $ 1,712 $ 1,707 Total $ 1,712 $ 1,707 The Company had no material amortization of film costs for the three and nine months ended September 30, 2024 or 2023. Governmental Assistance Production tax incentives reduced capitalized film costs by $0.7 million as of December 31, 2023 (no material change as of September 30, 2024). The Company had receivables related to our production tax credits of $2.2 million and $3.5 million as of September 30, 2024 and December 31, 2023, respectively, included in prepaid and other current assets in our condensed consolidated balance sheet. Supplemental Cash Flow Disclosures Nine Months Ended September 30, 2024 2023 Cash paid for income taxes, net $ 77 $ 1,126 Cash paid for interest 6,750 9,599 Non-cash investing and financing activities: Accounts payable and accrued expenses related to property and equipment 217 245 Accrued deferred offering costs 83 597 Exchange of accounts receivable for investment in equity securities — 750

Other Income (Expense), net

Other Income (Expense), net	9 Months Ended
	Sep. 30, 2024
Other Nonoperating Income (Expense) [Abstract]
Other Income (Expense), net	Other Income (Expense), net Other income (expense), net consisted of the following for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Exchange gain (loss) $ 1,654 $ (1,224) $ 1,642 $ (314) Gain (loss) on investment — 90 — (3,500) Other expense (30) (182) (692) (769) Other income 602 9 1,638 221 Gain on disposition of assets — — 1,250 — Total $ 2,226 $ (1,307) $ 3,838 $ (4,362)

Held for Sale, Discontinued Ope

Held for Sale, Discontinued Operations, Disposals, and Licenses	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Held for Sale, Discontinued Operations, Disposals, and Licenses	Held for Sale, Discontinued Operations, Disposals, and Licenses Disposal of Complex Networks Complex Sale On February 21, 2024, a wholly-owned subsidiary of the Company entered into the Complex Sale Agreement with Commerce Media, providing for the sale of certain assets relating to the business of Complex Networks (i.e., the Disposition). Pursuant to the Complex Sale Agreement, Commerce Media purchased certain assets, and assumed certain liabilities, related to the business of Complex Networks, excluding the business operating under the First We Feast brand and as otherwise set forth in the Complex Sale Agreement, for an aggregate purchase price of $108.6 million, which was paid in cash on February 21, 2024. In connection with the Disposition, the Company was required to repay (i) approximately $30.9 million to holders of the Notes and (ii) approximately $33.8 million outstanding under the Revolving Credit Facility, plus accrued and unpaid interest of $0.7 million (such amounts were repaid shortly after the Disposition). The Company terminated the Revolving Credit Facility, except for the $15.5 million in letters of credit then-outstanding. The Company incurred a $0.5 million early termination fee and a standby letter of credit fee of $0.5 million, both of which were paid upon closing of the Disposition on February 21, 2024. Additionally, as described in Note 8 herein, on February 28, 2024, the indenture governing the Notes was amended to, among other things, provide that 95% of the net proceeds of future asset sales must be used to repay the Notes. Concurrent with the closing of the Disposition, the Company and Commerce Media entered into a space sharing agreement whereby Commerce Media paid the Company a one-time license fee of approximately $2.8 million for use of the certain office space in the Company’s corporate headquarters from February 21, 2024 until on June 30, 2025 (or such earlier date that the underlying sublease or master lease earlier expires or is terminated). Held for Sale and Discontinued Operations As of December 31, 2023, the Company determined the assets of Complex Networks, excluding the First We Feast brand, met the criteria for classification as held for sale. On February 21, 2024, the Company completed the Disposition for approximately $108.6 million in cash. The Company disposed of Complex Networks in order to refocus its business around scalable, high-margin, and tech-led revenue streams. As such, the Company concluded the ultimate disposal (i.e., the Disposition), represented a strategic shift that had a major effect on the Company’s operations and financial results. Therefore, the historical results of Complex Networks, excluding the First We Feast brand, are classified as discontinued operations for all periods presented herein. Details of net income (loss) from discontinued operations, net of tax, were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenue $ — $ 13,321 $ 2,115 $ 41,339 Costs and Expenses Cost of revenue, excluding depreciation and amortization — 7,934 3,500 29,581 Sales and marketing — 2,047 1,046 9,436 General and administrative — 333 225 1,516 Research and development — 373 344 1,673 Depreciation and amortization — 2,702 — 8,107 Total costs and expenses — 13,389 5,115 50,313 Loss from discontinued operations — (68) (3,000) (8,974) Loss on partial debt extinguishment — — (4,919) — Gain on remeasurement of classification to held for sale — — 854 — Other (expense) income, net — — (292) — Interest expense, net — (1,815) (1,230) (5,135) Loss from discontinued operations before income taxes — (1,883) (8,587) (14,109) Income tax (benefit) provision (166) — 1,337 — Net income (loss) from discontinued operations, net of tax $ 166 $ (1,883) $ (9,924) $ (14,109) The results for the three and nine months ended September 30, 2024 includes activity only from January 1, 2024 through the date of Disposition (i.e., February 21, 2024), except for the income tax adjustments described below. Allocated general corporate overhead costs do not meet the criteria to be presented within net income (loss) from discontinued operations, net of tax, and were excluded from all figures presented in the table above. For the three months ended September 30, 2024, there was tax benefit related to discontinued operations as a result of refinement to state taxes based on the finalization of its U.S. tax return filings which generated additional state net operating loss carryforwards. For the nine months ended September 30, 2024, there was tax expense related to discontinued operations as a result of non-deductible permanent differences and state taxes related to the Disposition, offset with release in valuation allowance and excess tax benefits related to foreign derived intangible income (i.e., FDII). For the three and nine months ended September 30, 2023, there was no income tax provision / (benefit) in discontinued operations, as a result of the valuation allowance against net deferred tax assets that were not realizable on a more-likely-than-not basis. As part of the Disposition, the Company was required to repay approximately $33.8 million outstanding under the Revolving Credit Facility and $30.9 million of the $150.0 million then-outstanding under the Notes (i.e., approximately 20.6% of the aggregate principal then-outstanding was repaid). The Company derecognized approximately 20.6% of the unamortized debt discount costs, which resulted in an approximately $4.9 million loss on partial debt extinguishment that was attributed to the discontinued operation. All historical interest expense associated with the Revolving Credit Facility and 20.6% of the historical interest expense associated with the Notes were allocated to the discontinued operation. Details of the assets of discontinued operations were as follows: December 31, 2023 Intangible assets, net $ 79,481 Goodwill 34,070 Valuation allowance (9,462) Noncurrent assets of discontinued operations, net of valuation allowance $ 104,089 The Company recorded a valuation allowance against the assets held for sale to reflect the write-down of the carrying value to fair value less estimated costs to sell. The non-cash valuation allowance of $9.5 million was recorded within loss from classification to held for sale in the summarized financial information of discontinued operations for the year ended December 31, 2023. The Company completed the Disposition during the nine months ended September 30, 2024 and recorded a final gain on remeasurement of classification to held for sale of $0.9 million after recording final transaction and related expenses (for a total loss on disposal of approximately $8.6 million). There were no current assets, current liabilities, or noncurrent liabilities of discontinued operations for the year ended December 31, 2023, as the disposal group consisted of intangible assets, net, and goodwill. The Company had continuing involvement with Commerce Media through a transition services agreement, pursuant to which the Company and Commerce Media provided certain services to each other for a period of time following the Disposition (specifically, from February 21, 2024 until August 31, 2024). For the three and nine months ended September 30, 2024, the Company collected a total of $1.5 million related to the transition services agreement. Additionally, the Company and Commerce Media entered into a space sharing agreement whereby Commerce Media paid the Company a one-time fee of approximately $2.8 million for the use of certain office space in the Company’s corporate headquarters from February 21, 2024 until June 30, 2025 (or such earlier date that the underlying sublease or master lease either expires or is terminated). License of BuzzFeed, Tasty, and HuffPost’s U.K. Operations On March 28, 2024, BuzzFeed Media Enterprises, Inc., BuzzFeed UK Ltd., and TheHuffingtonPost.com, Inc., all of which are wholly-owned subsidiaries of the Company, entered into a license agreement and an ancillary asset purchase and employee transfer agreement and IT services agreement with Independent Digital News and Media Limited (“IDNM”). Under the license agreement, the above-referenced entities have granted IDNM a license to use the intellectual property, websites, social media accounts, and content of the BuzzFeed, Tasty and HuffPost brands in the U.K. The initial term is five years, unless earlier terminated pursuant to the terms of the license agreement. All employees who support the BuzzFeed, Tasty and HuffPost brands were transferred to IDNM as of April 1, 2024. Pursuant to the license agreement, IDNM will pay an annual license fee of between £0.3 million and £0.5 million (or approximately between $0.3 million and $0.6 million as of September 30, 2024), plus a net revenue share of 25% if certain criteria are met, as set forth in the license agreement. Sale of BringMe Brand On June 13, 2024, the Company sold 100% of the assets related to the digital media brand known as BringMe for approximately $1.3 million in cash consideration, which is payable in installments through 2028 ($0.4 million of which was paid as of September 30, 2024). As disclosed in Note 8 herein, the Company is required to repay 95% of the net proceeds for any asset sales to the holders of the Notes. As such, approximately $0.3 million was repaid on June 21, 2024, and the remainder will be repaid in-line with the aforementioned installment schedule). BringMe

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsRefer to Note 8 herein for a discussion on an amendment to the indenture governing the Notes, which occurred on October 28, 2024. Additionally, refer to Notes 1 and 8 herein for a discussion of the Company’s expectation that holders of the Notes will each deliver a Put Notice on November 22, 2024 (or soon thereafter), which would require the repayment of the Notes, plus accrued interest thereon.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Financial Statements and Principles of Consolidation	Basis of Financial Statements and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. GAAP and applicable rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been omitted pursuant to such rules and regulations. As such, the accompanying condensed consolidated financial statements and these related notes should be read in conjunction with the Company’s consolidated financial statements and related notes as of and for the year ended December 31, 2023, as disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. The condensed consolidated financial statements include all normal recurring adjustments that, in the opinion of management, are necessary to present fairly the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year ended December 31, 2024. The condensed consolidated financial statements include the accounts of BuzzFeed, Inc., and its wholly-owned and majority-owned subsidiaries, and any variable interest entities for which the Company is the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation.
Reverse Stock Split	Reverse Stock Split The Company held its 2024 annual meeting of stockholders on April 25, 2024 (the “2024 Annual Meeting”), and, at the 2024 Annual Meeting, the Company’s stockholders approved the grant of discretionary authority to the Company’s board of directors to (1) amend the Company’s Second Amended and Restated Certificate of Incorporation, as amended (the “Certificate of Incorporation”), to combine outstanding shares of each of the Company’s Class A common stock and the Company’s Class B common stock into a lesser number of outstanding shares of Class A common stock and Class B common stock, as the case may be, at a specific ratio within a range of one-for-two (1-for-2) to a maximum of a one-for-twenty five (1-for-25), with the exact ratio to be determined by the Company’s board of directors in its sole discretion; and (2) effect such reverse stock split, if at all, within one year of the date the proposal was approved by the Company’s stockholders (i.e., by April 25, 2025). The Company’s board of directors subsequently approved effecting a reverse stock split, effective as of May 6, 2024, and fixed a ratio for the reverse stock split at one-for-four (1-for-4). On April 26, 2024, the Company filed an amendment to the Certificate of Incorporation with the Secretary of State of the State of Delaware (the “Certificate of Amendment”). The Certificate of Amendment effected a reverse stock split of the Class A common stock and Class B common stock at a ratio of one-for-four (1-for-4) (the “Reverse Stock Split”), effective as of 12:01 a.m., Eastern Time, on May 6, 2024. The Class A common stock began trading on a split-adjusted basis on Nasdaq on May 6, 2024, under the existing symbol “BZFD,” but the security has a new CUSIP number of 12430A300. The Public Warrants (as defined in Note 4 herein) continued to be traded under the symbol “BZFDW” and the CUSIP identifier for Public Warrants remain unchanged. As a result of the Reverse Stock Split, every four shares of the Company’s Class A common stock and the Company’s Class B common stock issued and outstanding immediately prior to the Reverse Stock Split were converted into one share of Class A common stock and Class B common stock, as the case may be, after the Reverse Stock Split. The Reverse Stock Split applied uniformly to all holders of Class A common stock and Class B common stock, and did not alter any stockholder’s percentage interest in the Company, except to the extent that the Reverse Stock Split would have resulted in some stockholders owning a fractional share. No fractional shares were issued in connection with the Reverse Stock Split, as all fractional shares were rounded up to the nearest whole share. Pursuant to the terms of the agreement governing the Public and Private Warrants, fractional shares of Class A common stock will not be issued upon exercise of a warrant, and if a holder of a warrant would be entitled to receive, upon the exercise thereof, a fractional interest in a share of Class A common stock, the Company will round down to the nearest whole number the number of shares of Class A Common Stock to be issued to such holder.
Discontinued Operations and Held for Sale	Discontinued Operations and Held for Sale A business is classified as held for sale when management having the authority to approve the action commits to a plan to sell the business, the sale is probable to occur during the next 12 months at a price that is reasonable in relation to its current fair value, and when certain other criteria are met. A business classified as held for sale is recorded at the lower of (i) its carrying amount and (ii) estimated fair value less costs to sell. When the carrying amount of the business exceeds its estimated fair value less costs to sell, a loss is recognized and updated each reporting period as appropriate. The results of operations of businesses classified as held for sale are reported as discontinued operations if the disposal represents a strategic shift that will have a major effect on the entity’s operations and financial results. When a business is identified for discontinued operations reporting: (i) results for prior periods are retrospectively reclassified as discontinued operations; (ii) results of operations are reported in a single line, net of tax, in the condensed consolidated statement of operations; and (iii) assets and liabilities are reported as held for sale in the condensed consolidated balance sheets in the period in which the business is classified as held for sale.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported results of operations during the reporting period. Due to the use of estimates inherent in the financial reporting process, actual results could differ from those estimates. Key estimates and assumptions relate primarily to revenue recognition, fair values of intangible assets acquired in business combinations, valuation allowances for deferred income tax assets, allowance for doubtful accounts, useful lives of fixed assets, and capitalized software costs.
Cash and Cash Equivalents and Restricted Cash	Cash and Cash Equivalents and Restricted Cash Financial instruments that potentially subject the Company to concentration of credit risk consist of cash and cash equivalents. The Company considers instruments with an original maturity of three months or less at the date of purchase to be cash equivalents. The Company’s cash and cash equivalents consist of demand deposits with financial institutions and investments in money market funds. Deposits held with these financial institutions may exceed the amount of insurance provided on such deposits. The associated risk of concentration is mitigated by banking with creditworthy institutions.
Accounting Pronouncements and Accounting Pronouncements Not Yet Adopted	Accounting Pronouncements The Company, an emerging growth company, has elected to take advantage of the benefits of the extended transition period provided for in Section 7(a)(2)(B) of the Securities Act, as amended, for complying with new or revised accounting standards which allows the Company to defer adoption of certain accounting standards until those standards would otherwise apply to private companies. Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” which is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses, allowing financial statement users to better understand the components of a segment’s profit or loss to assess potential future cash flows for each reportable segment and the entity as a whole. The amendments expand a public entity’s segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), clarifying when an entity may report one or more additional measures to assess segment performance, requiring enhanced interim disclosures, providing new disclosure requirements for entities with a single reportable segment, and requiring other new disclosures. The amendments are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and early adoption is permitted. The Company does not expect the adoption of this new standard to have a material effect on its condensed consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which is intended to enhance the transparency, decision usefulness, and effectiveness of income tax disclosures. The amendments in this ASU require a public entity to disclose a tabular tax rate reconciliation, using both percentages and currency, with specific categories. Public companies are also required to provide a qualitative description of the states and local jurisdictions that make up the majority of the effect of the state and local income tax category and the net amount of income taxes paid, disaggregated by federal, state and foreign taxes and also disaggregated by individual jurisdictions. The amendments also remove certain disclosures that are no longer considered cost beneficial. The amendments are effective prospectively for annual periods beginning after December 15, 2024, and early adoption and retrospective application are permitted. The Company is currently evaluating the impact of adopting this guidance on the condensed consolidated financial statements.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The table below presents the Company’s revenue disaggregated based on the nature of its arrangements. Management uses these categories of revenue to evaluate the performance of its businesses and to assess its financial results and forecasts. Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Advertising $ 26,066 $ 26,915 $ 71,303 $ 83,720 Content 17,357 18,616 41,833 56,606 Commerce and other 20,897 14,447 42,871 36,688 Total $ 64,320 $ 59,978 $ 156,007 $ 177,014 The following table presents the Company’s revenue disaggregated by geography: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenue: United States $ 61,672 $ 53,659 $ 146,910 $ 161,908 International 2,648 6,319 9,097 15,106 Total $ 64,320 $ 59,978 $ 156,007 $ 177,014

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Company's Financial Assets And Liabilities Measured at Fair Value on a Recurring Basis	The Company’s financial assets and liabilities that are measured at fair value on a recurring basis are summarized below: September 30, 2024 Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 16,404 $ — $ — $ 16,404 Total $ 16,404 $ — $ — $ 16,404 Liabilities: Derivative liability $ — $ — $ — $ — Other non-current liabilities: Public Warrants 981 — — 981 Private Warrants — 7 — 7 Total $ 981 $ 7 $ — $ 988 December 31, 2023 Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 25,306 $ — $ — $ 25,306 Total $ 25,306 $ — $ — $ 25,306 Liabilities: Derivative liability $ — $ — $ — $ — Other non-current liabilities: Public Warrants 402 — — 402 Private Warrants — 4 — 4 Total $ 402 $ 4 $ — $ 406

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, net	Property and equipment, net consisted of the following: September 30, 2024 December 31, 2023 Leasehold improvements $ 47,944 $ 49,007 Furniture and fixtures 3,645 3,910 Computer equipment 2,566 3,057 Video equipment 381 439 Total 54,536 56,413 Less: Accumulated depreciation (46,874) (44,557) Net Carrying Value $ 7,662 $ 11,856

Capitalized Software Costs, n_2

Capitalized Software Costs, net (Tables)	9 Months Ended
	Sep. 30, 2024
Capitalized Computer Software, Net [Abstract]
Schedule of Capitalized Software Costs	Capitalized software costs, net consisted of the following: September 30, 2024 December 31, 2023 Website and internal-use software $ 89,582 $ 82,138 Less: Accumulated amortization (66,878) (59,846) Net Carrying Value $ 22,704 $ 22,292

Intangible Assets, net (Tables)

Intangible Assets, net (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and the Weighted Average Remaining Useful Lives	The following table presents the detail of intangible assets for the periods presented and the weighted average remaining useful lives: September 30, 2024 December 31, 2023 Weighted- Gross Accumulated Net Carrying Weighted- Gross Carrying Accumulated Net Carrying Value Acquired Technology 0 $ 5,500 $ 5,500 $ — 0 $ 5,500 $ 5,271 $ 229 Trademarks and Trade Names 12 28,550 6,132 22,418 13 28,550 4,704 23,846 Trademarks and Trade Names Indefinite 1,368 — 1,368 Indefinite 1,368 — 1,368 Customer Relationships 1 2,550 1,805 745 2 2,550 1,328 1,222 Total $ 37,968 $ 13,437 $ 24,531 $ 37,968 $ 11,303 $ 26,665
Schedule of Estimated Future Amortization Expense	Estimated future amortization expense as of September 30, 2024 is as follows (in thousands): Remainder of 2024 $ 635 2025 2,488 2026 1,903 2027 1,903 2028 1,903 Thereafter 14,331 Total $ 23,163

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Net Carrying Amount of the Notes	The net carrying amount of the Notes as of September 30, 2024 and December 31, 2023 was: September 30, 2024 December 31, 2023 Principal outstanding $ 118,767 $ 150,000 Unamortized debt discount and issuance costs (15,838) (25,023) Net carrying value $ 102,929 $ 124,977

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2024
Stockholders' Equity Note [Abstract]
Schedule of Stock Options Activity	A summary of the stock option activity under the Company’s equity incentive plans is presented below: Number of Weighted Weighted Aggregate Balance as of December 31, 2023 845 $ 24.98 1.71 $ — Granted 7,213 2.18 — — Exercised — 3.00 — — Forfeited (159) 4.71 — — Expired (611) 23.98 — — Balance as of September 30, 2024 7,288 $ 2.94 9.49 $ 3,438 Expected to vest at September 30, 2024 7,288 $ 2.94 9.49 $ 3,438 Exercisable at September 30, 2024 178 $ 31.54 4.47 $ 1
Schedule of Restricted Stock Unit (“RSU”) Activity	A summary of restricted stock unit (“RSU”) activity is presented below: Shares Weighted Average Grant- Outstanding as of December 31, 2023 2,190 $ 3.74 Granted 928 1.38 Vested (1,135) 3.79 Forfeited (485) 3.73 Outstanding as of September 30, 2024 1,498 $ 2.25
Schedule of Stock-Based Compensation Expense	The following table summarizes stock-based compensation expense included in the condensed consolidated statements of operations: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Cost of revenue, excluding depreciation and amortization $ 430 $ 220 $ 1,006 $ 744 Sales and marketing 203 236 404 681 General and administrative 971 1,184 2,518 3,320 Research and development 1 135 67 310 (221) Total $ 1,739 $ 1,707 $ 4,238 $ 4,524 ________________________________

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share	The table below presents the computation of basic and diluted net income (loss) per share: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Numerator: Net income (loss) from continuing operations $ 1,968 $ (12,049) $ (31,084) $ (63,920) Net income (loss) from discontinued operations, net of tax 166 (1,883) (9,924) (14,109) Less: net income (loss) attributable to noncontrolling interests 45 (210) 119 (470) Net income (loss) attributable to holders of Class A and Class B common stock $ 2,089 $ (13,722) $ (41,127) $ (77,559) Amounts attributable to BuzzFeed, Inc. for net income (loss) per common share, basic and diluted: Net income (loss) from continuing operations 1,923 (11,839) (31,203) (63,450) Net income (loss) from discontinued operations, net of tax 166 (1,883) (9,924) (14,109) Net income (loss) attributable to BuzzFeed, Inc. $ 2,089 $ (13,722) $ (41,127) $ (77,559) Denominator: Weighted average common shares outstanding, basic 37,949 36,263 37,181 35,646 Weighted average common shares outstanding, diluted 38,608 36,263 37,181 35,646 Net income (loss) per common share, basic: Continuing operations $ 0.05 $ (0.33) $ (0.84) $ (1.78) Discontinued operations 0.00 (0.05) (0.27) (0.40) Net income (loss) per common share, basic, attributable to BuzzFeed, Inc. 1 $ 0.06 $ (0.38) $ (1.11) $ (2.18) Net income (loss) per common share, diluted Continuing operations $ 0.05 $ (0.33) $ (0.84) $ (1.78) Discontinued operations 0.00 (0.05) (0.27) (0.40) Net income (loss) per common share, diluted, attributable to BuzzFeed, Inc. 1 $ 0.05 $ (0.38) $ (1.11) $ (2.18) _________________________________ (1) Net income (loss) per share information is presented on a rounded basis using actual amounts. Minor differences in totals may exist due to rounding.
Schedule of Securities Excluded from the Computation of Diluted Income (Loss) Per Share	The table below presents the details of securities that were excluded from the calculation of diluted income (loss) per share as the effect would have been anti-dilutive: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Stock options 7,288 869 7,288 869 Restricted stock units — 2,878 1,498 2,878 Warrants 2,469 2,469 2,469 2,469 Convertible notes 2,375 3,000 2,375 3,000

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Income Tax Benefit and Effective Tax Rate	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Income tax (benefit) provision $ (110) $ 55 $ 396 $ 165 Effective tax rate (5.9) % (0.4) % (1.3) % (0.2) %

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Schedule of Lease Costs	The following illustrates the lease costs for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Operating lease cost $ 6,041 $ 7,557 $ 18,334 $ 22,620 Sublease income (4,410) (3,926) (12,932) (11,778) Total lease cost $ 1,631 $ 3,631 $ 5,402 $ 10,842
Schedule of Right-of-Use Assets and Lease Liabilities	The following amounts were recorded in the Company’s condensed consolidated balance sheets related to operating leases: September 30, 2024 December 31, 2023 Assets Right-of-use assets $ 33,313 $ 46,715 Liabilities Current lease liabilities 22,804 21,659 Noncurrent lease liabilities 20,360 37,820 Total lease liabilities $ 43,164 $ 59,479
Schedule of Supplemental Cash Flow Information and Additional Information	Other information related to leases was as follows: Nine Months Ended Nine Months Ended Supplemental cash flow information: Cash paid for amounts included in measurement of lease liabilities: Operating cash flows for operating lease liabilities 21,183 25,369 September 30, 2024 December 31, 2023 Weighted average remaining lease term (years) 2.0 2.7 Weighted average discount rate 14.0 % 13.9 %
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities as of September 30, 2024 were as follows: Year Operating Leases Remainder of 2024 $ 7,109 2025 25,607 2026 12,787 2027 2,469 2028 870 Thereafter 571 Total lease payments 49,413 Less: imputed interest (6,249) Total $ 43,164
Schedule of Sublease Receipts to be Received in the Future	Sublease receipts to be received in the future under noncancelable subleases as of September 30, 2024 were as follows: Year Amount Remainder of 2024 $ 4,413 2025 16,536 2026 4,692 2027 — Thereafter — Total $ 25,641

Supplemental Disclosures (Table

Supplemental Disclosures (Tables)	9 Months Ended
	Sep. 30, 2024
Supplemental Disclosures [Abstract]
Schedule of Film Costs	Film costs, which were included in prepaid and other assets on the condensed consolidated balance sheets, were as follows: September 30, 2024 December 31, 2023 Individual Monetization: Feature films $ 1,712 $ 1,707 Total $ 1,712 $ 1,707
Schedule of Supplemental Cash Flow Disclosures	Nine Months Ended September 30, 2024 2023 Cash paid for income taxes, net $ 77 $ 1,126 Cash paid for interest 6,750 9,599 Non-cash investing and financing activities: Accounts payable and accrued expenses related to property and equipment 217 245 Accrued deferred offering costs 83 597 Exchange of accounts receivable for investment in equity securities — 750

Other Income (Expense), net (Ta

Other Income (Expense), net (Tables)	9 Months Ended
	Sep. 30, 2024
Other Nonoperating Income (Expense) [Abstract]
Schedule of Other Income (Expense), Net	Other income (expense), net consisted of the following for the three and nine months ended September 30, 2024 and 2023: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Exchange gain (loss) $ 1,654 $ (1,224) $ 1,642 $ (314) Gain (loss) on investment — 90 — (3,500) Other expense (30) (182) (692) (769) Other income 602 9 1,638 221 Gain on disposition of assets — — 1,250 — Total $ 2,226 $ (1,307) $ 3,838 $ (4,362)

Held for Sale, Discontinued O_2

Held for Sale, Discontinued Operations, Disposals, and Licenses (Tables)	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Net Loss from Discontinued Operations, Net of Taxes	Details of net income (loss) from discontinued operations, net of tax, were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenue $ — $ 13,321 $ 2,115 $ 41,339 Costs and Expenses Cost of revenue, excluding depreciation and amortization — 7,934 3,500 29,581 Sales and marketing — 2,047 1,046 9,436 General and administrative — 333 225 1,516 Research and development — 373 344 1,673 Depreciation and amortization — 2,702 — 8,107 Total costs and expenses — 13,389 5,115 50,313 Loss from discontinued operations — (68) (3,000) (8,974) Loss on partial debt extinguishment — — (4,919) — Gain on remeasurement of classification to held for sale — — 854 — Other (expense) income, net — — (292) — Interest expense, net — (1,815) (1,230) (5,135) Loss from discontinued operations before income taxes — (1,883) (8,587) (14,109) Income tax (benefit) provision (166) — 1,337 — Net income (loss) from discontinued operations, net of tax $ 166 $ (1,883) $ (9,924) $ (14,109) Details of the assets of discontinued operations were as follows: December 31, 2023 Intangible assets, net $ 79,481 Goodwill 34,070 Valuation allowance (9,462) Noncurrent assets of discontinued operations, net of valuation allowance $ 104,089

Description of the Business (De

Description of the Business (Details) $ in Thousands						1 Months Ended	3 Months Ended		9 Months Ended
	Jun. 21, 2024 USD ($)	Jun. 13, 2024	Mar. 07, 2024 USD ($)	Feb. 28, 2024	Feb. 21, 2024 USD ($)	Jun. 30, 2021 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)	Nov. 22, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 03, 2021 USD ($)
Description of the Business [Line Items]
Number of reportable segments | segment									1
Net loss							$ (2,134)	$ 13,932	$ 41,008	$ 78,029
Net loss from continuing operations							(1,968)	$ 12,049	31,084	63,920
Net cash flow from continuing operations									16,124	2,363
Cash used in operating activities from continuing operations									7,372	$ (2,052)
Cash and cash equivalents							53,723		53,723			$ 35,637
Accumulated deficit							652,895		652,895			611,768
Unsecured convertible notes due 2026
Description of the Business [Line Items]
Aggregate principal amount													$ 150,000
Convertible Notes
Description of the Business [Line Items]
Aggregate principal amount						$ 150,000
Repayments of long-term debt	$ 300		$ 30,900		$ 30,900
Principal outstanding					$ 150,000		$ 118,767		$ 118,767			$ 150,000
Repurchase price as percentage of par plus accrued and unpaid interest						101%
Percentage of net proceeds from future asset sales		0.95		0.95
Convertible Notes | Forecast
Description of the Business [Line Items]
Principal outstanding											$ 118,800
Interest payable											$ 4,700
CM Partners, LLC
Description of the Business [Line Items]
Percentage of membership interests acquired													100%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	May 06, 2024	Apr. 25, 2024	Sep. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Feb. 21, 2024 USD ($)	Dec. 31, 2023 USD ($)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Letters of credit outstanding, amount			$ 0	$ 15,500,000	$ 15,500,000	$ 15,500,000	$ 15,500,000
Cash collateral for borrowed securities					17,100,000
Letter of Credit
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Letters of credit outstanding, amount						$ 15,500,000
Collateral amount					$ 17,100,000
Common Stock – Class A
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Reverse stock split, ratio	0.25
Common Stock – Class A | Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Reverse stock split, proposed ratio		0.5
Common Stock – Class A | Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Reverse stock split, proposed ratio		0.04
Common Stock – Class B
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Reverse stock split, ratio	0.25
Common Stock – Class B | Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Reverse stock split, proposed ratio		0.5
Common Stock – Class B | Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Reverse stock split, proposed ratio		0.04

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue Recognition
Revenue	$ 64,320	$ 59,978	$ 156,007	$ 177,014
United States
Revenue Recognition
Revenue	61,672	53,659	146,910	161,908
International
Revenue Recognition
Revenue	2,648	6,319	9,097	15,106
Advertising
Revenue Recognition
Revenue	26,066	26,915	71,303	83,720
Content
Revenue Recognition
Revenue	17,357	18,616	41,833	56,606
Commerce and other
Revenue Recognition
Revenue	$ 20,897	$ 14,447	$ 42,871	$ 36,688

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract assets	$ 6,900	$ 8,300
Deferred revenue	1,313	$ 1,895
Revenue recognized	1,800
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Transaction price allocated to the remaining performance obligations	$ 2,100
Minimum | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected recognized period (in years)	1 year
Maximum | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected recognized period (in years)	3 years

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Company's Financial Assets And Liabilities Measured at Fair Value on a Recurring Basis (Details) - Fair Value, Recurring - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets:
Cash equivalents:	$ 16,404	$ 25,306
Liabilities:
Derivative liability	0	0
Other non-current liabilities:
Total	988	406
Public Warrants
Other non-current liabilities:
Other non-current liabilities	981	402
Private Warrants
Other non-current liabilities:
Other non-current liabilities	7	4
Level 1
Assets:
Cash equivalents:	16,404	25,306
Liabilities:
Derivative liability	0	0
Other non-current liabilities:
Total	981	402
Level 1 | Public Warrants
Other non-current liabilities:
Other non-current liabilities	981	402
Level 1 | Private Warrants
Other non-current liabilities:
Other non-current liabilities	0	0
Level 2
Assets:
Cash equivalents:	0	0
Liabilities:
Derivative liability	0	0
Other non-current liabilities:
Total	7	4
Level 2 | Public Warrants
Other non-current liabilities:
Other non-current liabilities	0	0
Level 2 | Private Warrants
Other non-current liabilities:
Other non-current liabilities	7	4
Level 3
Assets:
Cash equivalents:	0	0
Liabilities:
Derivative liability	0	0
Other non-current liabilities:
Total	0	0
Level 3 | Public Warrants
Other non-current liabilities:
Other non-current liabilities	0	0
Level 3 | Private Warrants
Other non-current liabilities:
Other non-current liabilities	0	0
Money Market Funds
Assets:
Cash equivalents:	16,404	25,306
Money Market Funds | Level 1
Assets:
Cash equivalents:	16,404	25,306
Money Market Funds | Level 2
Assets:
Cash equivalents:	0	0
Money Market Funds | Level 3
Assets:
Cash equivalents:	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Dec. 31, 2023	Dec. 29, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement, transfers	$ 0	$ 0
Prepaid Expenses and Other Current Assets
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Carrying value of the investment in equity securities without a readily determinable fair value	$ 800,000	$ 800,000	$ 800,000
Common Stock – Class A
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Share price (in dollars per share)				$ 1
Public Warrants
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Exercise price per share (in dollars per share)	$ 0.10	$ 0.10	$ 0.04

Property and Equipment, net - S

Property and Equipment, net - Schedule of Property and Equipment, net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 54,536	$ 56,413
Less: Accumulated depreciation	(46,874)	(44,557)
Net Carrying Value	7,662	11,856
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	47,944	49,007
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,645	3,910
Computer equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,566	3,057
Video equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 381	$ 439

Property and Equipment, net - N

Property and Equipment, net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation	$ 1.5	$ 1.6	$ 4.7	$ 5

Capitalized Software Costs, n_3

Capitalized Software Costs, net - Schedule of Capitalized Software Costs (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Capitalized Computer Software, Net [Abstract]
Website and internal-use software	$ 89,582	$ 82,138
Less: Accumulated amortization	(66,878)	(59,846)
Net Carrying Value	$ 22,704	$ 22,292

Capitalized Software Costs, n_4

Capitalized Software Costs, net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Capitalized Computer Software, Net [Abstract]
Amount of capitalized internal used software	$ 2.9	$ 3.2	$ 9.3	$ 10.9
Capitalized computer software, amortization	$ 2.8	$ 2.7	$ 8.9	$ 8.1

Intangible Assets, net - Schedu

Intangible Assets, net - Schedule of Intangible Assets and the Weighted Average Remaining Useful Lives (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Gross Carrying Value	$ 37,968	$ 37,968
Accumulated Amortization	13,437	11,303
Net Carrying Value	24,531	26,665
Trademarks & tradenames
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Indefinite-lived intangible assets	$ 1,368	$ 1,368
Acquired Technology
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Weighted- Average Remaining Useful Lives (in years)	0 years	0 years
Gross Carrying Value	$ 5,500	$ 5,500
Accumulated Amortization	5,500	5,271
Net Carrying Value	$ 0	$ 229
Trademarks & tradenames
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Weighted- Average Remaining Useful Lives (in years)	12 years	13 years
Gross Carrying Value	$ 28,550	$ 28,550
Accumulated Amortization	6,132	4,704
Net Carrying Value	$ 22,418	$ 23,846
Customer Relationships
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Weighted- Average Remaining Useful Lives (in years)	1 year	2 years
Gross Carrying Value	$ 2,550	$ 2,550
Accumulated Amortization	1,805	1,328
Net Carrying Value	$ 745	$ 1,222

Intangible Assets, net - Narrat

Intangible Assets, net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 600	$ 1,100	$ 2,100	$ 3,300
Goodwill	$ 57,562		$ 57,562		$ 57,562

Intangible Assets, net - Sche_2

Intangible Assets, net - Schedule of Estimated Future Amortization (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Rolling Maturity [Abstract]
Remainder of 2024	$ 635
2025	2,488
2026	1,903
2027	1,903
2028	1,903
Thereafter	14,331
Total	$ 23,163

Debt - Narrative (Details)

Debt - Narrative (Details)								1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) shares	Jun. 21, 2024 USD ($)	Jun. 13, 2024	Mar. 07, 2024 USD ($)	Feb. 28, 2024	Feb. 21, 2024 USD ($)	Dec. 30, 2020 USD ($)	Jun. 30, 2021 USD ($) d $ / shares	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Nov. 22, 2024 USD ($)	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 29, 2023 $ / shares
Debt Instrument [Line Items]
Letters of credit outstanding, amount	$ 0					$ 15,500,000			$ 0		$ 0			$ 15,500,000	$ 15,500,000	$ 15,500,000
Discontinued Operations, Held-for-Sale or Disposed of by Sale | Complex Networks, Excluding the First we Feast Brand
Debt Instrument [Line Items]
Loss on partial debt extinguishment				$ 4,900,000		4,900,000			0	$ 0	(4,919,000)	$ 0
Common Stock – Class A
Debt Instrument [Line Items]
Share price (in dollars per share) | $ / shares																	$ 1
Convertible Notes
Debt Instrument [Line Items]
Aggregate principal amount								$ 150,000,000
Initial conversion price (in dollars per share) | $ / shares								$ 50
Interest rate (as a percent)								8.50%
Shares convertible (in shares) | shares	2,375,347
Repurchase price as percentage of par plus accrued and unpaid interest								101%
Volume-weighted average trading price as percentage of conversion price								130%
Number of trading days | d								20
Number of consecutive trading days | d								30
Term for calculating amount of interest declining ratably (in months)								12 months
Term for calculating amount of interest on the aggregate principal amount (in months)								0 days
Percentage of net proceeds from future asset sales			0.95		0.95
Repayments of long-term debt		$ 300,000		$ 30,900,000		$ 30,900,000
Unamortized discount and debt issuance costs, percent derecognized				20.60%		20.60%
Principal outstanding	$ 118,767,000					$ 150,000,000			$ 118,767,000		$ 118,767,000					150,000,000
Derivative liability								$ 31,600,000
Effective interest rate (as a percent)	16%								16%		16%
Interest expense									$ 4,000,000	3,800,000	$ 11,500,000	11,200,000
Amortization of debt discount and issuance costs									1,500,000	$ 1,300,000	4,000,000	$ 3,600,000
Fair value of the notes	$ 99,200,000								$ 99,200,000		$ 99,200,000					$ 112,800,000
Convertible Notes | Forecast
Debt Instrument [Line Items]
Interest payable													$ 4,700,000
Principal outstanding													$ 118,800,000
Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument term (in years)							3 years
Maximum borrowing capacity							$ 50,000,000
Repayments of long-term debt						33,800,000
Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity							$ 15,500,000							$ 15,500,000
Letters of credit outstanding, amount						$ 15,500,000

Debt - Schedule of Net Carrying

Debt - Schedule of Net Carrying Amount of the Notes (Details) - Convertible Notes - USD ($) $ in Thousands	Sep. 30, 2024	Feb. 21, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Principal outstanding	$ 118,767	$ 150,000	$ 150,000
Unamortized debt discount and issuance costs	(15,838)		(25,023)
Net carrying value	$ 102,929		$ 124,977

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) $ / shares in Units, $ in Millions			9 Months Ended	15 Months Ended
	Jun. 20, 2023 shares	Mar. 21, 2023 USD ($)	Sep. 30, 2024 USD ($) vote $ / shares shares	Sep. 30, 2024 USD ($) vote $ / shares shares	Jul. 31, 2024 USD ($)	Dec. 31, 2023 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Preferred stock, shares authorized (in shares)			50,000,000	50,000,000
Preferred stock, par value per share (in dollars per share) | $ / shares			$ 0.0001	$ 0.0001
Preferred stock, shares issued (in shares)			0	0		0
Preferred stock, shares outstanding (in shares)			0	0		0
Sale of stock, maximum equity issuable | $		$ 150
ATM Offering Agreement
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Sale of stock, equity distribution agreement, maximum offering, shares (in shares)	3,316,503
Maximum aggregate offering price | $					$ 150
Number of shares issued (in shares)				996,897
Shares issued, price per share (in dollars per share) | $ / shares			$ 2.26	$ 2.26
Proceeds from the issuance of common stock in connection with the at-the-market offering, net of issuance costs | $				$ 2.3
Stock options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based payment arrangement, nonvested award, cost not yet recognized, amount | $			$ 9.1	9.1
Weighted-average remaining requisite service period (in years)			1 year 3 months 18 days
Restricted stock units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation costs | $			$ 2.4	$ 2.4
Common Stock – Class A
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, shares authorized (in shares)			700,000,000	700,000,000		700,000,000
Common stock, par value (in dollars per share) | $ / shares			$ 0.0001	$ 0.0001		$ 0.0001
Common shares, votes per share (in vote per share) | vote			1	1
Common Stock – Class B
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, shares authorized (in shares)			20,000,000	20,000,000		20,000,000
Common stock, par value (in dollars per share) | $ / shares			$ 0.0001	$ 0.0001		$ 0.0001
Common shares, votes per share (in vote per share) | vote			50	50
Common Stock – Class C
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, shares authorized (in shares)			10,000,000	10,000,000
Common stock, par value (in dollars per share) | $ / shares			$ 0.0001	$ 0.0001
Common shares, votes per share (in vote per share) | vote			0	0

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Stock Options Activity (Details) - 2015 Equity Incentive Plan - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Number of Shares
Outstanding at the beginning (in shares)	845
Granted (in shares)	7,213
Exercised (in shares)	0
Forfeited (in shares)	(159)
Expired (in shares)	(611)
Outstanding at the end (in shares)	7,288	845
Expected to vest (in shares)	7,288
Exercisable (in shares)	178
Weighted Average Exercise Price
Outstanding at the beginning (in dollars per share)	$ 24.98
Granted (in dollars per share)	2.18
Exercised (in dollars per share)	3
Forfeited (in dollars per share)	4.71
Expired (in dollars per share)	23.98
Outstanding at the end (in dollars per share)	2.94	$ 24.98
Expected to vest (in dollars per share)	2.94
Exercisable (in dollars per share)	$ 31.54
Weighted Average Remaining Term
Weighted Average Remaining Term (in years)	9 years 5 months 26 days	1 year 8 months 15 days
Vested and expected to vest (in years)	9 years 5 months 26 days
Exercisable (in years)	4 years 5 months 19 days
Aggregate Intrinsic Value
Outstanding	$ 3,438	$ 0
Expected to vest	3,438
Exercisable	$ 1

Stockholders' Equity - Schedu_2

Stockholders' Equity - Schedule of Restricted Stock Unit (“RSU”) Activity (Details) - Restricted stock units shares in Thousands	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Shares
Outstanding at the beginning (in shares) | shares	2,190
Granted (in shares) | shares	928
Vested (in shares) | shares	(1,135)
Forfeited (in shares) | shares	(485)
Outstanding at the end (in shares) | shares	1,498
Weighted Average Grant- Date Fair Value
Outstanding at the beginning (in dollars per share) | $ / shares	$ 3.74
Granted (in dollars per share) | $ / shares	1.38
Vested (in dollars per share) | $ / shares	3.79
Forfeited (in dollars per share) | $ / shares	3.73
Outstanding at the end (in dollars per share) | $ / shares	$ 2.25

Stockholders' Equity - Schedu_3

Stockholders' Equity - Schedule of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation costs	$ 1,739	$ 1,707	$ 4,238	$ 4,524
Cost of revenue, excluding depreciation and amortization
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation costs	430	220	1,006	744
Sales and marketing
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation costs	203	236	404	681
General and administrative
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation costs	971	1,184	2,518	3,320
Research and development
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation costs	$ 135	$ 67	$ 310	$ (221)

Net Income (Loss) Per Share - N

Net Income (Loss) Per Share - Narrative (Details) - shares	Sep. 30, 2024	Sep. 30, 2023
Common Stock – Class C
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock, shares outstanding (in shares)	0	0

Net Income (Loss) Per Share - S

Net Income (Loss) Per Share - Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Net income (loss) from continuing operations	$ 1,968	$ (12,049)	$ (31,084)	$ (63,920)
Net income (loss) from discontinued operations, net of tax	166	(1,883)	(9,924)	(14,109)
Less: net income (loss) attributable to noncontrolling interests	45	(210)	119	(470)
Net income (loss) attributable to BuzzFeed, Inc.	2,089	(13,722)	(41,127)	(77,559)
Amounts attributable to BuzzFeed, Inc. for net income (loss) per common share, basic and diluted:
Net income (loss) from continuing operations, basic	1,923	(11,839)	(31,203)	(63,450)
Net income (loss) from continuing operations, diluted	1,923	(11,839)	(31,203)	(63,450)
Net income (loss) from discontinued operations, net of tax, basic	166	(1,883)	(9,924)	(14,109)
Net income (loss) from discontinued operations, net of tax, diluted	166	(1,883)	(9,924)	(14,109)
Net income (loss) attributable to BuzzFeed, Inc., basic	2,089	(13,722)	(41,127)	(77,559)
Net income (loss) attributable to BuzzFeed, Inc., diluted	$ 2,089	$ (13,722)	$ (41,127)	$ (77,559)
Denominator:
Weighted average common shares outstanding, basic (in shares)	37,949	36,263	37,181	35,646
Weighted average common shares outstanding, diluted (in shares)	38,608	36,263	37,181	35,646
Net income (loss) per common share, basic:
Continuing operations, basic (in dollars per share)	$ 0.05	$ (0.33)	$ (0.84)	$ (1.78)
Discontinued operations, basic (in dollars per share)	0	(0.05)	(0.27)	(0.40)
Net income (loss) per common share, basic, attributable to BuzzFeed, Inc. basic (in dollars per share)	0.06	(0.38)	(1.11)	(2.18)
Net income (loss) per common share, diluted
Continuing operations, diluted (in dollars per share)	0.05	(0.33)	(0.84)	(1.78)
Discontinued operations, diluted (in dollars per share)	0	(0.05)	(0.27)	(0.40)
Net income (loss) per common share, diluted, attributable to BuzzFeed, Inc., diluted (in dollars per share)	$ 0.05	$ (0.38)	$ (1.11)	$ (2.18)

Net Income (Loss) Per Share -_2

Net Income (Loss) Per Share - Schedule of Securities Excluded from the Computation of Diluted Income (Loss) Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the computation of diluted income (loss) per share, as their effect would be anti-dilutive (in shares)	7,288	869	7,288	869
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the computation of diluted income (loss) per share, as their effect would be anti-dilutive (in shares)	0	2,878	1,498	2,878
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the computation of diluted income (loss) per share, as their effect would be anti-dilutive (in shares)	2,469	2,469	2,469	2,469
Convertible notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the computation of diluted income (loss) per share, as their effect would be anti-dilutive (in shares)	2,375	3,000	2,375	3,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income tax (benefit) provision	$ (110)	$ 55	$ 396	$ 165
Effective tax rate (as a percent)	(5.90%)	(0.40%)	(1.30%)	(0.20%)

Restructuring Costs (Details)

Restructuring Costs (Details) - USD ($) $ in Millions		1 Months Ended		9 Months Ended
	Feb. 21, 2024	Feb. 29, 2024	Apr. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Commerce Media Holdings, LLC
Restructuring Cost and Reserve [Line Items]
Reimbursement for restructuring costs	$ 1.8
2024 Workforce Reduction
Restructuring Cost and Reserve [Line Items]
Expected percentage of reduction in workforce		16%
Restructuring costs				$ 2.9
2024 Workforce Reduction | Cost of revenue, excluding depreciation and amortization
Restructuring Cost and Reserve [Line Items]
Restructuring costs				1.2
2024 Workforce Reduction | Sales and marketing
Restructuring Cost and Reserve [Line Items]
Restructuring costs				1.5
2024 Workforce Reduction | General and administrative
Restructuring Cost and Reserve [Line Items]
Restructuring costs				$ 0.2
2023 Workforce Reduction
Restructuring Cost and Reserve [Line Items]
Expected percentage of reduction in workforce			15%
Restructuring costs					$ 6.8
2023 Workforce Reduction | Cost of revenue, excluding depreciation and amortization
Restructuring Cost and Reserve [Line Items]
Restructuring costs					4.3
2023 Workforce Reduction | Sales and marketing
Restructuring Cost and Reserve [Line Items]
Restructuring costs					1.3
2023 Workforce Reduction | General and administrative
Restructuring Cost and Reserve [Line Items]
Restructuring costs					0.4
2023 Workforce Reduction | Research and development
Restructuring Cost and Reserve [Line Items]
Restructuring costs					$ 0.8

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands		9 Months Ended
	Jul. 08, 2022	Sep. 30, 2024	Sep. 30, 2023
Operating Leased Assets [Line Items]
Fixed monthly rent for sublease	$ 800
Borrowings on Revolving Credit Facility		$ 0	$ 2,128
Letter of Credit
Operating Leased Assets [Line Items]
Borrowings on Revolving Credit Facility	$ 4,500

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating lease cost	$ 6,041	$ 7,557	$ 18,334	$ 22,620
Sublease income	(4,410)	(3,926)	(12,932)	(11,778)
Total lease cost	$ 1,631	$ 3,631	$ 5,402	$ 10,842

Leases - Schedule of Right-Of-U

Leases - Schedule of Right-Of-Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets
Right-of-use assets	$ 33,313	$ 46,715
Liabilities
Current lease liabilities	22,804	21,659
Noncurrent lease liabilities	20,360	37,820
Total lease liabilities	$ 43,164	$ 59,479

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information and Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows for operating lease liabilities	$ 21,183	$ 25,369
Weighted average remaining lease term (years)	2 years		2 years 8 months 12 days
Weighted average discount rate	14%		13.90%

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Remainder of 2024	$ 7,109
2025	25,607
2026	12,787
2027	2,469
2028	870
Thereafter	571
Total lease payments	49,413
Less: imputed interest	(6,249)
Total lease liabilities	$ 43,164	$ 59,479

Leases - Schedule of Sublease R

Leases - Schedule of Sublease Receipts to be Received Under Noncancellable Subleases (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Leases [Abstract]
Remainder of 2024	$ 4,413
2025	16,536
2026	4,692
2027	0
Thereafter	0
Total	$ 25,641

Commitments and Contingencies (

Commitments and Contingencies (Details)	Jun. 18, 2024 claimant	Jun. 13, 2024 claimant	Oct. 31, 2023 USD ($) individual	Aug. 15, 2023 USD ($) individual	Aug. 04, 2023 USD ($) individual	Mar. 15, 2022 arbitration individual	May 17, 2024 $ / shares	May 31, 2023 $ / shares
Loss Contingencies [Line Items]
Consecutive trading days, suspension from trading or the delisting of common stock								30 days
Share price, threshold for delisting (in dollars per share) | $ / shares							$ 1	$ 1
Consecutive trading days, before compliance date, suspension from trading or the delisting of common stock							10 days
Pending Litigation
Loss Contingencies [Line Items]
Number of plaintiffs | claimant	6	6
Settled Litigation
Loss Contingencies [Line Items]
Number of plaintiffs | claimant	85
Violation Of VPPA
Loss Contingencies [Line Items]
Loss contingency, damages sought, value | $			$ 2,500	$ 2,500	$ 2,500
Violation of VPP Act - BuzzFeed.com Website
Loss Contingencies [Line Items]
Number of plaintiffs | individual				12,176	8,927
Violation Of VPP Act - HuffPost.com Website
Loss Contingencies [Line Items]
Number of plaintiffs | individual			590	5,247
Mass Arbitrations
Loss Contingencies [Line Items]
Number of plaintiffs | individual						91
Number of mass arbitrations | arbitration						2
Number of pending claims | claimant		6

Segment Information (Details)

Segment Information (Details)	9 Months Ended
	Sep. 30, 2024 segment
Segment Reporting [Abstract]
Number of operating segments	1

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Revenue from related parties	$ 64,320,000	$ 59,978,000	$ 156,007,000	$ 177,014,000
Accounts receivable	49,625,000		49,625,000		$ 75,692,000
Accounts payable	15,008,000		15,008,000		46,378,000
Related Party | Verizon Ventures LLC
Related Party Transaction [Line Items]
Revenue from related parties	1,200,000	0	1,800,000	100,000
Related party transaction, amounts of transaction	1,500,000	1,500,000	4,400,000	4,500,000
Accounts receivable	1,400,000		1,400,000		0
Accounts payable	$ 0		0		0
NBCUniversal Media, LLC
Related Party Transaction [Line Items]
Revenue from related parties		1,900,000	600,000	2,600,000
NBCUniversal Media, LLC | Related Party
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction		$ 0	$ 0	$ 0
Accounts receivable					200,000
Accounts payable					$ 200,000

Supplemental Disclosures - Sche

Supplemental Disclosures - Schedule of Film Costs (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Individual Monetization:
Feature films	$ 1,712	$ 1,707
Total	$ 1,712	$ 1,707

Supplemental Disclosures - Narr

Supplemental Disclosures - Narrative (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Supplemental Disclosures [Abstract]
Reduction in film costs	$ 0	$ 700,000
Film costs, production tax credit, receivable	$ 2,200,000	$ 3,500,000

Supplemental Disclosures - Sc_2

Supplemental Disclosures - Schedule of Supplemental Cash Flow Disclosures (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Supplemental Disclosures [Abstract]
Cash paid for income taxes, net	$ 77	$ 1,126
Cash paid for interest	6,750	9,599
Non-cash investing and financing activities:
Accounts payable and accrued expenses related to property and equipment	217	245
Accrued deferred offering costs	83	597
Exchange of accounts receivable for investment in equity securities	$ 0	$ 750

Other Income (Expense), net (De

Other Income (Expense), net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other Nonoperating Income (Expense) [Abstract]
Exchange gain (loss)	$ 1,654	$ (1,224)	$ 1,642	$ (314)
Gain (loss) on investment	0	90	0	(3,500)
Other expense	(30)	(182)	(692)	(769)
Other income	602	9	1,638	221
Gain on disposition of assets	0	0	1,250	0
Total	$ 2,226	$ (1,307)	$ 3,838	$ (4,362)

Held for Sale, Discontinued O_3

Held for Sale, Discontinued Operations, Disposals, and Licenses - Narrative (Details) £ in Millions								3 Months Ended		4 Months Ended	9 Months Ended
	Jun. 21, 2024 USD ($)	Jun. 13, 2024 USD ($)	Apr. 01, 2024 GBP (£)	Mar. 28, 2024	Mar. 07, 2024 USD ($)	Feb. 28, 2024	Feb. 21, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Letters of credit outstanding, amount							$ 15,500,000	$ 0		$ 0	$ 0		$ 15,500,000	$ 15,500,000	$ 15,500,000
Early termination fee											500,000	$ 0
One-time license fee received								4,410,000	$ 3,926,000		12,932,000	11,778,000
Independent Digital News and Media Limited
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
License agreement, term (in years)				5 years
Net sales revenue share (as a percent)			25%
Minimum | Independent Digital News and Media Limited
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
License fees receivable			£ 0.3					300,000		300,000	300,000
Maximum | Independent Digital News and Media Limited
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
License fees receivable			£ 0.5					600,000		600,000	600,000
Commerce Media Holdings, LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
One-time license fee received							2,800,000
Transition services agreement, amount collected								1,500,000			1,500,000
Revolving Credit Facility
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Repayments of long-term debt							33,800,000
Accrued and unpaid interest payment							700,000
Early termination fee							500,000
Letter of Credit
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Letters of credit outstanding, amount							15,500,000
Standby letter of credit fee							500,000
Convertible Notes
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Repayments of long-term debt	$ 300,000				$ 30,900,000		30,900,000
Percentage of net proceeds from future asset sales		0.95				0.95
Principal outstanding							$ 150,000,000	118,767,000		118,767,000	118,767,000				150,000,000
Required repayment percentage							0.206
Unamortized discount and debt issuance costs, derecognized (as a percent)					20.60%		20.60%
Discontinued Operations, Held-for-Sale or Disposed of by Sale | Complex Networks, Excluding the First we Feast Brand
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of businesses							$ 108,600,000
Income tax provision / (benefit)								(166,000)	0		1,337,000	0
Loss on partial debt extinguishment					$ 4,900,000		$ 4,900,000	0	0		(4,919,000)	0
Valuation allowance															$ 9,462,000
Gain on remeasurement of classification to held for sale								0	0		854,000	0
Loss on disposal								$ 0	$ 1,883,000		$ 8,587,000	$ 14,109,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations | BringMe
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of businesses										$ 400,000
Percentage of assets sold		100%
Disposal group, including discontinued operation, consideration		$ 1,300,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations | BringMe | Convertible Notes
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Repayments of long-term debt	$ 300,000

Held for Sale, Discontinued O_4

Held for Sale, Discontinued Operations, Disposals, and Licenses - Schedule of Net Loss from Discontinued Operations, Net of Taxes (Details) - USD ($)			3 Months Ended		9 Months Ended
	Mar. 07, 2024	Feb. 21, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net income (loss) from discontinued operations, net of tax			$ 166,000	$ (1,883,000)	$ (9,924,000)	$ (14,109,000)
Discontinued Operations, Held-for-Sale or Disposed of by Sale | Complex Networks, Excluding the First we Feast Brand
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue			0	13,321,000	2,115,000	41,339,000
Cost of revenue, excluding depreciation and amortization			0	7,934,000	3,500,000	29,581,000
Sales and marketing			0	2,047,000	1,046,000	9,436,000
General and administrative			0	333,000	225,000	1,516,000
Research and development			0	373,000	344,000	1,673,000
Depreciation and amortization			0	2,702,000	0	8,107,000
Total costs and expenses			0	13,389,000	5,115,000	50,313,000
Loss from discontinued operations			0	(68,000)	(3,000,000)	(8,974,000)
Loss on partial debt extinguishment	$ 4,900,000	$ 4,900,000	0	0	(4,919,000)	0
Gain on remeasurement of classification to held for sale			0	0	854,000	0
Other (expense) income, net			0	0	(292,000)	0
Interest expense, net			0	(1,815,000)	(1,230,000)	(5,135,000)
Loss from discontinued operations before income taxes			0	(1,883,000)	(8,587,000)	(14,109,000)
Income tax (benefit) provision			(166,000)	0	1,337,000	0
Net income (loss) from discontinued operations, net of tax			$ 166,000	$ (1,883,000)	$ (9,924,000)	$ (14,109,000)

Held for Sale, Discontinued O_5

Held for Sale, Discontinued Operations, Disposals, and Licenses - Schedule of Assets of Discontinued Operations (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Noncurrent assets of discontinued operations, net of valuation allowance	$ 0	$ 104,089
Discontinued Operations, Held-for-Sale or Disposed of by Sale | Complex Networks, Excluding the First we Feast Brand
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Intangible assets, net		79,481
Goodwill		34,070
Valuation allowance		(9,462)
Noncurrent assets of discontinued operations, net of valuation allowance		$ 104,089