Company Completes Transformation to O&O-Led Platform.
Flagship BuzzFeed Properties Show Early Momentum with 3% Growth In Direct Traffic Versus Q4.
Peretti continued, “Our flagship BuzzFeed brand continues to lead digital media in time spent.
just see Non-GAAP Financial Measures below for a description of how Adjusted EBITDA is calculated.
Accordingly, a reconciliation of non-GAAP guidance for Adjusted EBITDA to the corresponding GAAP measure is not available.
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Definitions
BuzzFeed reports revenues across three primary business lines: Advertising, Content and Commerce and other.
The definition of Time Spent is also set forth below.
About BuzzFeed, Inc.
BuzzFeed, Inc. is home to the best of the Internet.
Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenue for the same period.
Adjusted EBITDA and Adjusted EBITDA margin should not be considered a substitute for measures prepared in accordance with GAAP.
Forward-looking statements include all matters that are not historical facts.
There can be no assurance that future developments affecting us will be those that we have anticipated.
There may be additional risks that we consider immaterial or which are unknown.
It is not possible to predict or identify all such risks.
Contacts
MediaJuliana Clifton, BuzzFeed:juliana.clifton@buzzfeed.com
Investor RelationsAmita Tomkoria, BuzzFeed:investors@buzzfeed.com
