BuzzFeed Inc-A 2025年度报告

FORM10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember 31, 2025OR BuzzFeed, Inc.(Exact Name of Registrant as Specified in Its Charter) _____________________________________________ Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesNo Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YesNo 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 of 1934 during the preceding12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the ExchangeAct. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financialaccounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financialreporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of theregistrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).YesNo The aggregate market value of the registrant’s Class A common stock held by non-affiliates, based on the closing sale price as reported by the Nasdaq Stock Market LLC onJune 30, 2025, the last business day of the registrant’s most recently completed second fiscal quarter, was approximately $65.3 million. As of March12, 2026, there were 36,296,018 shares of the registrant’s Class A common stock outstanding, 1,342,709 shares of the registrant’s Class B common stockoutstanding, and no shares of the registrant’s Class C common stock outstanding. BUZZFEED, INC.TABLE OF CONTENTS PART I BusinessRisk FactorsUnresolved Staff CommentsCybersecurityPropertiesLegal ProceedingsMine Safety Disclosures Item 1Item 1AItem 1BItem 1CItem 2Item 3Item 4 PART II Market for Registrant’s Common Equity, Related Stockholder Mattersand Issuer Purchases of Equity Securities49[Reserved]49Management’s Discussion and Analysis of Financial Condition and Results of Operations50Quantitative and Qualitative Disclosures About Market Risk69Financial Statements and Supplementary Data71Changes in and Disagreements With Accountants on Accounting and Financial Disclosure117Controls and Procedures117Other Information119Disclosure Regarding Foreign Jurisdictions that Prevent Inspections119 Item 5Item 6Item 7Item 7AItem 8Item 9Item 9AItem 9BItem 9C PART III Directors, Executive Officersand Corporate Governance119Executive Compensation119Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters120Certain Relationships and Related Transactions and Director Independence120Principal Accounting Fees and Services120 PART IV Exhibits and Financial Statement Schedules120Form 10-K Summary124Signatures125 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements in this Annual Report on Form 10-K may be considered forward-looking statements within the meaning of Section27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended(the “Exchange Act”), which statements involve substantial risks and unc