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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 45,461 $ 35,637
Accounts receivable (net of allowance for doubtful accounts of $1,066 as at June 30, 2024 and $1,424 as at December 31, 2023) 46,954 75,692
Prepaid expenses and other current assets 19,260 21,460
Current assets of discontinued operations 0 0
Total current assets 111,675 132,789
Property and equipment, net 8,777 11,856
Right-of-use assets 38,058 46,715
Capitalized software costs, net 22,653 22,292
Intangible assets, net 25,166 26,665
Goodwill 57,562 57,562
Prepaid expenses and other assets 8,963 9,508
Noncurrent assets of discontinued operations 0 104,089
Total assets 272,854 411,476
Current liabilities    
Accounts payable 16,556 46,378
Accrued expenses 15,209 15,515
Deferred revenue 1,021 1,895
Accrued compensation 13,605 12,970
Current lease liabilities 23,326 21,659
Current debt 101,483 124,977
Other current liabilities 4,796 4,401
Current liabilities of discontinued operations 0 0
Total current liabilities 175,996 227,795
Noncurrent lease liabilities 25,713 37,820
Debt 0 33,837
Warrant liabilities 1,075 406
Other liabilities 753 435
Noncurrent liabilities of discontinued operations 0 0
Total liabilities 203,537 300,293
Commitments and contingencies
Stockholders’ equity    
Additional paid-in capital 725,386 723,092
Accumulated deficit (654,984) (611,768)
Accumulated other comprehensive loss (3,227) (2,500)
Total BuzzFeed, Inc. stockholders’ equity 67,179 108,828
Noncontrolling interests 2,138 2,355
Total stockholders’ equity 69,317 111,183
Total liabilities and stockholders’ equity 272,854 411,476
Common Stock – Class A    
Stockholders’ equity    
Common stock 3 3
Common Stock – Class B    
Stockholders’ equity    
Common stock $ 1 $ 1