NEWS ER
BuzzFeed, Inc. Delivers Strong Q3 Financial Results
Positive
Net income of $2M vs $(12M) loss in Q3 2023
Revenue grew 7% YoY to $64.3M
Adjusted EBITDA increased to $10.5M from $0.3M YoY
Affiliate commerce revenue grew 53% YoY to $19.6M
Programmatic advertising revenue up 9% YoY to $17.3M
Commerce and other revenues increased 45% YoY to $20.9M
Net income of $2M vs $(12M) loss in Q3 2023
Revenue grew 7% YoY to $64.3M
Adjusted EBITDA increased to $10.5M from $0.3M YoY
Affiliate commerce revenue grew 53% YoY to $19.6M
Programmatic advertising revenue up 9% YoY to $17.3M
Commerce and other revenues increased 45% YoY to $20.9M
Negative
Content revenue declined 7% YoY to $17.4M
Advertising revenue decreased 3% YoY to $26.1M
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