v3.25.1
Net Loss Per Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Net Loss Per Share Net Loss Per Share
Net loss per share is computed using the two-class method. Basic net loss per share is computed using the weighted average number of shares of common stock outstanding for the period. Diluted net loss per share reflects the effect of the assumed exercise of any stock options, the vesting of any restricted stock units, the exercise of any warrants (including the Public Warrants and the Private Warrants), and the conversion of any convertible debt (including the Notes), in each case only in the periods in which such effect would have been dilutive.
For the three months ended March 31, 2025 and 2024, net loss per share amounts were the same for Class A and Class B common stock because the holders of each class are entitled to equal per share dividends. There were no shares of Class C common stock outstanding for any period presented.
The table below presents the computation of basic and diluted net loss per share:
Three Months Ended March 31,
20252024
Numerator:
Net loss from continuing operations$(12,461)$(26,950)
Net loss from discontinued operations, net of tax— (8,832)
Less: net income (loss) attributable to noncontrolling interests210 (53)
Net loss attributable to holders of Class A and Class B common stock$(12,671)$(35,729)
Amounts attributable to BuzzFeed, Inc. for net loss per common share, basic and diluted:
Net loss from continuing operations(12,671)(26,897)
Net loss from discontinued operations, net of tax— (8,832)
Net loss attributable to BuzzFeed, Inc.$(12,671)$(35,729)
Denominator:
Weighted average common shares outstanding, basic and diluted38,68336,578
Net loss per common share, basic and diluted:
Continuing operations$(0.33)$(0.74)
Discontinued operations— (0.24)
Net loss per common share, basic and diluted, attributable to BuzzFeed, Inc.1
$(0.33)$(0.98)
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(1)Net loss per share information is presented on a rounded basis using actual amounts. Minor differences in totals may exist due to rounding.
The numerator for net loss per basic and diluted common share from continuing operations excludes the impact of net income (loss) attributable to the noncontrolling interests for all periods presented.
The table below presents the details of securities that were excluded from the calculation of diluted loss per share as the effect would have been anti-dilutive:
Three Months Ended March 31,
20252024
Stock options6,765391
Restricted stock units1,237 2,290
Warrants2,4692,469
Convertible notes 5942,382