Despite challenges over the past year, Im optimistic about BuzzFeed’s trajectory in 2024. like 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.
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.
(4) Reflects costs related to litigation that are outside the ordinary course of our business.
(5) Reflects one-time initial set-up costs associated with the establishment of our public company structure and processes.
