BuzzFeed Q2 FY26 net loss widens to $11.8 million; revenue drops 21.8% to $36.3 million

Reuters2026/08/04 21:47

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BuzzFeed posted Q2 revenue of USD 36.3 million, down 21.8% year over year, as advertising fell 23.4% to USD 17.3 million.
Net loss widened to USD 11.8 million from USD 10.6 million a year earlier.
Non-GAAP adjusted EBITDA swung to a loss of USD 1.7 million from a profit of USD 2 million a year earlier.
U.S. time spent slid 10.8% to 62.3 million hours, while direct visits and internal referrals rose to 65% of U.S. traffic.
Byron Allen cited a cost restructure, while a sales representation deal with Allen Media Group targets expanded monetization of advertising inventory.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BuzzFeed Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608041708BIZWIRE_USPR_____20260804_BW901514) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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BuzzFeed Q2 FY26 net loss widens to $11.8 million; revenue drops 21.8% to $36.3 million

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