BuzzFeed sees Q4 revenue $54M-$58M

Sees Q4 adjusted EBITDA $4M-$9M. “As we close out 2024, we are poised to deliver year-over-year growth in Programmatic Advertising and Affiliate Commerce combined revenue for the third consecutive quarter,” said Matt Omer, CFO of BuzzFeed (BZFD), Inc. “Our focus on these high-margin businesses has also positioned us to drive significant improvement in Adjusted EBITDA profitability this year, with Adjusted EBITDA expected to grow by $12.7 million at the midpoint versus 2023 – and that’s without one full quarter of the $23 million of annualized compensation savings implemented in Q1 2024.”