Earnings ·
BuzzFeed reports Q3 revenue of $26M and net loss of $18.7M amid restructuring
BZFDBuzzFeed, Inc.
BuzzFeed reported third-quarter 2026 revenues of $26.0 million, a 44% decline from the prior-year period, driven by drops in advertising and commerce revenue. The company posted a net loss of $18.7 million and an adjusted EBITDA loss of $4.8 million. Management cited a July restructuring that reduced workforce and contractor headcount by approximately 35%, expecting to yield $30 million in annualized savings. BuzzFeed deferred its full-year financial outlook while integrating recent changes, including the Allen Family Digital transaction. The company operates in the digital media industry, producing news, entertainment, and lifestyle content for global audiences.