BuzzFeed, Inc.
Income Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $41.1M | $37.0M | $53.4M | $60.0M | $62.1M | $54.9M | $23.7M | $103.7M |
| Cost of Revenue | $21.7M | $27.1M | $21.7M | $31.9M | $39.0M | $37.2M | $1.2M | $61.0M |
| Gross Profit | $19.4M | $9.9M | $31.8M | $28.1M | $23.2M | $17.7M | $22.5M | $42.7M |
| Gross Margin | 47.1% | 26.7% | 59.4% | 46.8% | 37.3% | 32.2% | 94.9% | 41.2% |
| Operating Expenses | ||||||||
| Research & Development | $2.7M | $3.2M | $2.3M | $2.4M | $3.4M | $3.1M | $3.8M | $5.9M |
| SG&A Expense | $14.1M | $16.2M | $17.1M | $18.7M | $20.8M | $21.4M | $19.1M | $27.3M |
| Operating Income | $-5.6M | $-23.5M | $2.8M | $-6.7M | $-16.4M | $-24.5M | $-36.3M | $-18.1M |
| Operating Margin | -13.6% | -63.4% | 5.3% | -11.2% | -26.4% | -44.6% | -153.0% | -17.4% |
| Interest Expense | — | $4.5M | $763.0K | $5.9M | $5.6M | $3.8M | $599.0K | $5.2M |
| Pretax Income | $-5.6M | $-26.3M | $9.6M | $-12.0M | $-22.5M | $-29.2M | $-22.7M | $-26.1M |
| Income Tax Expense | $-176.0K | $682.0K | $1.4M | $55.0K | $-37.0K | $147.0K | $-306.0K | $890.0K |
| Net Income | $-7.5M | $-35.7M | $-11.0M | $-13.7M | $-27.8M | $-36.0M | $-105.4M | $-26.9M |
| Net Margin | -18.2% | -96.5% | -20.6% | -22.9% | -44.8% | -65.6% | -444.4% | -25.9% |
| EPS (Basic) | $-0.20 | $-0.98 | $-0.30 | $-0.38 | $-0.78 | $-1.02 | $-5.13 | $-0.19 |
| EPS (Diluted) | $-0.20 | $-0.98 | $-0.30 | $-0.38 | $-0.78 | $-1.02 | $-5.13 | $-0.19 |
| Shares Outstanding (Basic) | 37.0M | 36.6M | 35.8M | 36.3M | 35.5M | 35.2M | 34.5M | 138.9M |
| Shares Outstanding (Diluted) | 37.0M | 36.6M | 35.8M | 36.3M | 35.5M | 35.2M | 34.5M | 138.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |