BuzzFeed Inc. - 2025年季度报告

(Exact Name of Registrant as Specified in Its Charter)______________________________________________________________ Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).YesxNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).YesoNox As of May6, 2025, there were37,181,861shares of the registrant’s Class A common stock outstanding,1,343,299shares of the registrant’s Class Bcommon stock outstanding andnoshares of the registrant’s Class C common stock outstanding. BUZZFEED, INC.TABLE OF CONTENTS PART IFINANCIAL INFORMATIONItem 1Financial Statements (unaudited)Condensed Consolidated Balance SheetsCondensed Consolidated Statements of OperationsCondensed Consolidated Statements of Comprehensive LossCondensed Consolidated Statements of Stockholders’ EquityCondensed Consolidated Statements of Cash FlowsNotes to Condensed Consolidated Financial StatementsItem 2Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3Quantitative and Qualitative Disclosures About Market RiskItem 4Controls and ProceduresPART IIOTHER INFORMATIONItem 1Legal ProceedingsItem 1ARisk FactorsItem 2Unregistered Sales of Equity Securities and Use of ProceedsItem 3Defaults Upon Senior SecuritiesItem 4Mine Safety DisclosuresItem 5Other InformationItem 6Exhibits CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements in this Quarterly Report on Form 10-Q may be considered forward-looking statements within the meaningof Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of1934, as amended (the “Exchange Act”), which statements involve substantial risks and uncertainties. Our forward-looking statementsinclude, but are not limited to, statements regarding our management team’s expectations, hopes, beliefs, intentions, or strategiesregarding the future. In addition, any statements that refer to projections, forecasts, or other characterizations of future events orcircumstances, including any underlying assumptions, are forward-looking statements. The words “affect,” “anticipate,” “believe,” The forward-looking statements contained in this Quarterly Report on Form 10-Q are based on current expectations andbeliefs concerning future developments and their potential effects on us. There can be no assurance that future developments affectingus will be those that we have anticipated. These forward-looking statements involve a number of risks (some of which are beyond our •developments relating to our competitors and the digital media industry, including overall demand of advertising in themarkets in which we operate; •demand for our products and services or changes in traffic or engagement with our brands and content;•changes in the business and competitive environment in which we and our current and prospective partners and advertisersoperate; •macroeconomic factors including: adverse economic conditions in the United States (“U.S.”) and globally, including thepotential onset of recession; current global supply chain disruptions; potential government shutdowns or a failure to raise theU.S. federal debt ceiling or to fund the federal government; the ongoing conflicts between Russia and Ukraine and betweenIsrael and Hamas and any related sanctions and geopolitical tensions, and further escalation of trade tensions between the •our future capital requirements, including, but not limited to, our ability to obtain additional capital in the future, torepurchase our $29.7 million aggregate principal amount of unsecured convertible notes due 2026 (i.e., the “Notes”) upon afundamental change such as the delisting of our Class A common stock, at their maturity, or upon the holders of the Notes •developments in the law and government re