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BuzzFeed (BZFD) earnings and revenue breakdown
Latest: Q3 2026 · 8-K filed Nov 5, 2026
Q3 2026 Revenue down 44% year over year to $26.0M · 72¢ of every $1 of revenue lost · operating margin -67.1%
BuzzFeed made $26.0M in Q3 2026 (-44% Y/Y): Advertising $15.4M, Content $5.8M, Commerce and other $4.8M. Operating margin -67.1%, net loss $18.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Nov 5, 2026 (preliminary, from the earnings release).
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What changed this quarter
Revenue was $26.0M in Q3 2026, down 44% year over year and down 28% from the previous quarter. Advertising was the largest line at 59% of revenue. Commerce and other lost $12.1M year over year (down 71%), 60% of the total change.
Operating costs exceeded revenue by $17.5M, an operating margin of -67.1%. Total costs fell 17% while revenue fell 44%. The fastest-growing cost line was Other operating costs (+578%). The quarter ended with a net loss of $18.7M, wider than the previous quarter's $11.8M loss. Minority interests bore $218K of it: to shareholders the quarter was a loss of $18.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 8-K | Nov 5, 2026 | $26.0M | -44% | -67.1% | −$18.7M | — |
| Q2 2026 | 10-Q | Aug 6, 2026 | $36.3M | -22% | -28.4% | −$11.8M | −$8.0M |
| Q1 2026 | 10-Q | May 11, 2026 | $31.6M | -12% | -42.7% | −$15.1M | $2.7M |
| Q4 2025 | 10-K | Mar 16, 2026 | $56.5M | +0.6% | -43.7% | −$26.8M | −$11.7M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $46.3M | -17% | -12.9% | −$7.4M | $1.7M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $46.4M | +13% | -7.5% | −$10.6M | −$10.1M |
| Q1 2025 | 10-Q | May 8, 2025 | $36.0M | -3% | -38.1% | −$12.5M | $1.3M |
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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Customers and suppliers named in filings
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About BuzzFeed
For convenience, the terms “BuzzFeed,” the “Company,” “we,” “us,” or “our” used in this Annual Report on Form 10-K refer to BuzzFeed, Inc. and one or more of our consolidated subsidiaries, unless the context otherwise requires. On December 3, 2021, we consummated a business combination (the “Business Combination”) with 890 5th Avenue Partners, Inc. (“890”), certain wholly-owned subsidiaries of 890, and BuzzFeed, Inc., a Delaware corporation (“Legacy BuzzFeed”). In connection with the Business Combination, we acquired 100% of the membership interests of CM Partners, LLC. CM Partners, LLC, together with Complex Media, Inc., is referred to herein as “Complex Networks.” Following the closing of the Business Combination, 890 was renamed “BuzzFeed, Inc.”
In its own words, from its 10-K, filed Mar 16, 2026.
BuzzFeed against its Communications Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -44% against the peers' median -4%. Operating margin: -67.1% against the peers' median 5.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BZFD BuzzFeed | Q3 2026 | $26.0M | -44% | -67.1% |
| VSAT Viasat | Q2 FY27 | $1.2B | +3% | 0.6% |
| ECHO EchoStar | Q3 2026 | $1.1B | -69% | 13.1% |
| CALX Calix | Q3 2026 | $302M | +14% | 5.5% |
| IRDM Iridium Communications | Q3 2026 | $246M | +8% | 12.9% |
| CCOI Cogent Communications Holdings | Q3 2026 | $231M | -4% | -3.0% |
| GOGO Gogo | Q3 2026 | $213M | -5% | 8.0% |
| GSAT Globalstar | Q3 2026 | $70.9M | -4% | 10.7% |
| KVHI KVH Industries | Q3 2026 | $38.4M | +35% | -3.2% |
Source: BuzzFeed 8-K on SEC EDGAR · CIK 1828972 · Communications Services, NEC
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History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results