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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 29,706 $ 38,648
Accounts receivable (net of allowance for doubtful accounts of $887 as at June 30, 2025 and $1,039 as at December 31, 2024) 35,947 48,944
Prepaid expenses and other current assets 19,864 13,294
Total current assets 85,517 100,886
Property and equipment, net 4,943 6,195
Right-of-use assets 30,880 28,562
Capitalized software costs, net 23,547 22,653
Intangible assets, net 12,080 11,751
Goodwill 43,304 43,304
Prepaid expenses and other assets 10,083 8,047
Total assets 210,354 221,398
Current liabilities    
Accounts payable 9,494 14,251
Accrued expenses 13,719 18,881
Deferred revenue 2,340 555
Accrued compensation 12,264 11,668
Current lease liabilities 19,311 22,084
Current debt 7,349 25,518
Other current liabilities 4,829 3,879
Total current liabilities 69,306 96,836
Noncurrent lease liabilities 17,628 15,138
Debt 38,333 0
Warrant liabilities 795 1,778
Other liabilities 392 704
Total liabilities 126,454 114,456
Commitments and contingencies
Stockholders’ equity    
Treasury stock, at cost, 1,827 and 0 shares at June 30, 2025 and December 31, 2024, respectively (3,332) 0
Additional paid-in capital 732,975 730,369
Accumulated deficit (645,355) (621,864)
Accumulated other comprehensive loss (3,165) (3,735)
Total BuzzFeed, Inc. stockholders’ equity 81,127 104,774
Noncontrolling interests 2,773 2,168
Total stockholders’ equity 83,900 106,942
Total liabilities and stockholders’ equity 210,354 221,398
Common Stock – Class A    
Stockholders’ equity    
Common stock $ 3 $ 3
Common stock, shares outstanding (in shares) 35,694 37,025
Common Stock – Class B    
Stockholders’ equity    
Common stock $ 1 $ 1
Common stock, shares outstanding (in shares) 1,343 1,343