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20 Nov 2023

-29%

BuzzFeed Reports Drop in Q3 Revenues and Advertising Earnings

BuzzFeed recorded Q3 revenues of $73.3 million, a 29% decline from the same period in 2022. The company's advertising revenue dropped 35% year-over-year to $32.6 million, while content revenue declined 32% to $26.2 million. Commerce and other revenues also saw a slight decrease of 3% to $14.5 million. The net loss was $13.9 million, despite ending with cash and cash equivalents of around $42 million. [Source](https://investors.buzzfeed.com/news-releases/news-release-details/buzzfeed-inc-announces-third-quarter-2023-financial-results)