BuzzFeed, Inc. Reports Q3 2026 Financial Results
Key Highlights
- ➤Q3 revenue $26.0 million, down 44% year over year
- ➤Net loss $18.7 million versus $7.4 million loss in Q3 2025
- ➤Adjusted EBITDA negative $4.8 million, versus positive $0.8 million
- ➤Restructuring reduced workforce and contractors approximately 35%, targeting $30 million annual savings
- ➤2026 financial outlook deferred amid Allen Family Digital integration and restructuring
Expert Statements
Byron Allen, Chairman and CEO of BuzzFeed
“This was a transitional quarter. The restructuring we announced in July reduced our workforce and dedicated contractors by approximately 35% and we expect this to yield approximately $30 million in annualized savings,”
Byron Allen, Chairman and CEO of BuzzFeed
“At the core of BuzzFeed, Inc. are three very popular brands with engaged audiences. In the fourth quarter, our strategy is to bring compelling content to audiences wherever they are—across digital platforms and connected TV—as we work to position BuzzFeed to be a premier global free streaming platform.”
Byron Allen, Chairman and CEO of BuzzFeed
“On tomorrow’s call, I’ll discuss our results and growth strategy in more detail.”
BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) today announced its financial results for the quarter ended September 30, 2026.
“This was a transitional quarter. The restructuring we announced in July reduced our workforce and dedicated contractors by approximately 35% and we expect this to yield approximately $30 million in annualized savings," said Byron Allen, BuzzFeed Chairman and CEO. "At the core of BuzzFeed, Inc. are three very popular brands with engaged audiences. In the fourth quarter, our strategy is to bring compelling content to audiences wherever they are—across digital platforms and connected TV—as we work to position BuzzFeed to be a premier global free streaming platform. On tomorrow’s call, I’ll discuss our results and growth strategy in more detail.”
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