Disposals and Licenses |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Discontinued Operations and Disposal Groups [Abstract] | |
| Disposals and Licenses | Disposals and Licenses License of BuzzFeed, Tasty, and HuffPost’s U.K. Operations On March 28, 2024, BuzzFeed Media Enterprises, Inc., BuzzFeed UK Ltd., and TheHuffingtonPost.com, Inc., all of which are wholly-owned subsidiaries of the Company, entered into a license agreement and an ancillary asset purchase and employee transfer agreement and IT services agreement with Independent Digital News and Media Limited (“IDNM”). Under the license agreement, the above-referenced entities granted IDNM a license to use the intellectual property, websites, social media accounts, and content of the BuzzFeed, Tasty, and HuffPost brands in the U.K. The initial term is five years, unless earlier terminated pursuant to the terms of the license agreement. All employees who supported the BuzzFeed, Tasty, and HuffPost brands were transferred to IDNM as of April 1, 2024. Pursuant to the license agreement, IDNM will pay an annual license fee of between £0.3 million and £0.5 million (or approximately between $0.3 million and $0.6 million as of March 31, 2026), plus a net revenue share of 25% if certain criteria are met, as set forth in the license agreement. Sale of BringMe Brand On June 13, 2024, the Company sold 100% of the assets related to the digital media brand known as BringMe for approximately $1.3 million in cash consideration, which is payable in installments through 2028 ($0.8 million has been received as of March 31, 2026). Sale of Goodful and As/Is Brands On December 9, 2025, the Company sold 100% of the assets related to the digital media brands known as Goodful and As/Is for approximately $0.5 million in fixed cash consideration, which is payable in installments through May 1, 2027 ($0.2 million of which was received as of March 31, 2026). Goodful or As/Is did not have a material impact on the Company’s net loss for any period presented herein.
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