BuzzFeed (BZFD) 10-Q9 Aug 232023 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2023	Aug. 07, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-39877
Entity Registrant Name	BuzzFeed, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-3022075
Entity Address, Address Line One	229 West 43rd Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10036
City Area Code	646
Local Phone Number	397-2039
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Central Index Key	0001828972
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false
Class A Common Stock, $0.0001 par value per share
Document Information [Line Items]
Title of 12(b) Security	Class A Common Stock, $0.0001 par value per share
Trading Symbol	BZFD
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		136,875,876
Redeemable warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
Document Information [Line Items]
Title of 12(b) Security	Redeemable warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
Trading Symbol	BZFDW
Security Exchange Name	NASDAQ
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		6,675,517
Class C Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		0

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 41,295	$ 55,774
Accounts receivable (net of allowance for doubtful accounts of $1,747 as at June 30, 2023 and $1,879 as at December 31, 2022)	70,855	116,460
Prepaid expenses and other current assets	22,244	26,373
Total current assets	134,394	198,607
Property and equipment, net	14,892	17,774
Right-of-use assets	56,537	66,581
Capitalized software costs, net	21,509	19,259
Intangible assets, net	113,737	121,329
Goodwill	91,632	91,632
Prepaid expenses and other assets	13,720	14,790
Total assets	446,421	529,972
Current liabilities
Accounts payable	37,294	29,329
Accrued expenses	16,024	26,357
Deferred revenue	6,355	8,836
Accrued compensation	19,960	31,052
Current lease liabilities	22,016	23,398
Other current liabilities	5,037	3,900
Total current liabilities	106,686	122,872
Noncurrent lease liabilities	49,036	59,315
Debt	155,979	152,253
Derivative liability	60	180
Warrant liabilities	593	395
Other liabilities	440	403
Total liabilities	312,794	335,418
Commitments and contingencies
Stockholders’ equity
Additional paid-in capital	720,231	716,233
Accumulated deficit	(587,026)	(523,063)
Accumulated other comprehensive loss	(2,370)	(1,968)
Total BuzzFeed, Inc. stockholders’ equity	130,850	191,217
Noncontrolling interests	2,777	3,337
Total stockholders’ equity	133,627	194,554
Total liabilities and stockholders’ equity	446,421	529,972
Class A Common Stock
Stockholders’ equity
Common stock	$ 14	$ 13
Common stock, shares outstanding (in shares)	136,615	126,387
Class B Common Stock
Stockholders’ equity
Common stock	$ 1	$ 1
Common stock, shares outstanding (in shares)	6,676	6,678
Class C Common Stock
Stockholders’ equity
Common stock	$ 0	$ 1
Common stock, shares outstanding (in shares)	0	6,478

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Allowance for credit loss	$ 1,747	$ 1,879
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	700,000,000	700,000,000
Common stock, shares issued (in shares)	136,615,000	126,387,000
Common stock, shares outstanding (in shares)	136,615,000	126,387,000
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	6,676,000	6,678,000
Common stock, shares outstanding (in shares)	6,676,000	6,678,000
Class C Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	0	6,478,000
Common stock, shares outstanding (in shares)	0	6,478,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenue	$ 77,901	$ 106,760	$ 145,054	$ 198,318
Costs and Expenses
Cost of revenue, excluding depreciation and amortization	50,507	61,529	97,851	122,347
Sales and marketing	14,135	18,688	29,436	36,491
General and administrative	21,356	32,565	43,358	65,127
Research and development	3,960	10,253	7,779	17,445
Depreciation and amortization	8,030	8,613	16,435	17,094
Total costs and expenses	97,988	131,648	194,859	258,504
Loss from operations	(20,087)	(24,888)	(49,805)	(60,186)
Other expense, net	(3,675)	(3,440)	(3,055)	(2,578)
Interest expense, net	(5,631)	(5,032)	(11,049)	(9,821)
Change in fair value of warrant liabilities	395	6,775	(198)	3,359
Change in fair value of derivative liability	1,125	4,800	120	3,225
Loss before income taxes	(27,873)	(21,785)	(63,987)	(66,001)
Income tax (benefit) provision	(37)	1,796	110	2,146
Net loss	(27,836)	(23,581)	(64,097)	(68,147)
Net income attributable to the redeemable noncontrolling interest	0	0	0	164
Net income (loss) attributable to noncontrolling interests	0	184	(260)	348
Net loss attributable to BuzzFeed, Inc.	$ (27,836)	$ (23,765)	$ (63,837)	$ (68,659)
Net loss per Class A, Class B and Class C common share:
Basic (in dollars per share)	$ (0.20)	$ (0.17)	$ (0.45)	$ (0.50)
Diluted (in dollars per share)	$ (0.20)	$ (0.17)	$ (0.45)	$ (0.50)
Weighted average common shares outstanding:
Basic (in shares)	141,950	137,381	141,330	136,906
Diluted (in shares)	141,950	137,381	141,330	136,906

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (27,836)	$ (23,581)	$ (64,097)	$ (68,147)
Other comprehensive income (loss)
Foreign currency translation adjustment	57	505	(702)	402
Other comprehensive income (loss)	57	505	(702)	402
Comprehensive loss	(27,779)	(23,076)	(64,799)	(67,745)
Comprehensive income attributable to the redeemable noncontrolling interest	0	0	0	164
Comprehensive income (loss) attributable to noncontrolling interests	0	184	(260)	348
Foreign currency translation adjustment attributable to noncontrolling interests	(242)	(453)	(300)	(453)
Comprehensive loss attributable to BuzzFeed, Inc.	$ (27,537)	$ (22,807)	$ (64,239)	$ (67,804)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($) shares in Thousands, $ in Thousands	Total	ATM Offering Agreement	Cumulative Effect, Period of Adoption, Adjustment	Class A Common Stock	Class B Common Stock	Class C Common Stock	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Common Stock Class C Common Stock	Additional paid-in capital	Accumulated deficit	Accumulated deficit Cumulative Effect, Period of Adoption, Adjustment	Accumulated other comprehensive loss	Total BuzzFeed, Inc. stockholders’ equity	Total BuzzFeed, Inc. stockholders’ equity Cumulative Effect, Period of Adoption, Adjustment	Noncontrolling interests
Balance at beginning (in shares) at Dec. 31, 2021							116,175	12,397	6,478
Balance at beginning at Dec. 31, 2021	$ 372,587						$ 11	$ 1	$ 1	$ 695,869	$ (322,106)		$ (3,233)	$ 370,543		$ 2,044
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(44,730)										(44,894)			(44,894)		164
Stock-based compensation	3,940									3,940				3,940
Issuance of common stock in connection with share-based plans (in shares)							411
Issuance of common stock in connection with share-based plans	359						$ 1			358				359
Other comprehensive (loss) income	(103)												(103)	(103)
Conversion of Class B common stock to Class A common stock (in shares)							103	(103)
Balance at end (in shares) at Mar. 31, 2022							116,689	12,294	6,478
Balance at end at Mar. 31, 2022	332,053						$ 12	$ 1	$ 1	700,167	(367,000)		(3,336)	329,845		2,208
Balance at beginning (in shares) at Dec. 31, 2021							116,175	12,397	6,478
Balance at beginning at Dec. 31, 2021	372,587						$ 11	$ 1	$ 1	695,869	(322,106)		(3,233)	370,543		2,044
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive (loss) income	402
Balance at end (in shares) at Jun. 30, 2022							125,424	6,686	6,478
Balance at end at Jun. 30, 2022	321,086						$ 12	$ 1	$ 1	709,818	(390,765)		(2,378)	316,689		4,397
Balance at beginning (in shares) at Mar. 31, 2022							116,689	12,294	6,478
Balance at beginning at Mar. 31, 2022	332,053						$ 12	$ 1	$ 1	700,167	(367,000)		(3,336)	329,845		2,208
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(23,581)										(23,765)			(23,765)		184
Stock-based compensation	11,284									11,284				11,284
Issuance of common stock in connection with share-based plans (in shares)							3,561
Issuance of common stock in connection with share-based plans	2									2				2
Shares withheld for employee taxes (in shares)							(434)
Shares withheld for employee taxes	(1,635)									(1,635)				(1,635)
Other comprehensive (loss) income	505												958	958		(453)
Reclassification of noncontrolling interest (see Note 10)	2,458															2,458
Conversion of Class B common stock to Class A common stock (in shares)							5,608	(5,608)
Balance at end (in shares) at Jun. 30, 2022							125,424	6,686	6,478
Balance at end at Jun. 30, 2022	321,086						$ 12	$ 1	$ 1	709,818	(390,765)		(2,378)	316,689		4,397
Balance at beginning (in shares) at Dec. 31, 2022				126,387	6,678	6,478	126,387	6,678	6,478
Balance at beginning at Dec. 31, 2022	194,554		$ (126)				$ 13	$ 1	$ 1	716,233	(523,063)	$ (126)	(1,968)	191,217	$ (126)	3,337
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(36,261)										(36,001)			(36,001)		(260)
Stock-based compensation	1,122									1,122				1,122		0
Issuance of common stock in connection with share-based plans (in shares)							512
Issuance of common stock in connection with share-based plans	29									29				29
Shares withheld for employee taxes (in shares)							(121)
Shares withheld for employee taxes	(193)									(193)				(193)
Other comprehensive (loss) income	(759)												(701)	(701)		(58)
Conversion of Class B common stock to Class A common stock (in shares)							2	(2)
Conversion of Class C common stock to Class A common stock (in shares)							6,478		(6,478)
Conversion of Class C common stock to Class A common stock							$ 1		$ (1)
Balance at end (in shares) at Mar. 31, 2023							133,258	6,676	0
Balance at end at Mar. 31, 2023	158,366						$ 14	$ 1	$ 0	717,191	(559,190)		(2,669)	155,347		3,019
Balance at beginning (in shares) at Dec. 31, 2022				126,387	6,678	6,478	126,387	6,678	6,478
Balance at beginning at Dec. 31, 2022	194,554		$ (126)				$ 13	$ 1	$ 1	716,233	(523,063)	$ (126)	(1,968)	191,217	$ (126)	3,337
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive (loss) income	(702)
Balance at end (in shares) at Jun. 30, 2023				136,615	6,676	0	136,615	6,676	0
Balance at end at Jun. 30, 2023	133,627						$ 14	$ 1	$ 0	720,231	(587,026)		(2,370)	130,850		2,777
Balance at beginning (in shares) at Mar. 31, 2023							133,258	6,676	0
Balance at beginning at Mar. 31, 2023	158,366						$ 14	$ 1	$ 0	717,191	(559,190)		(2,669)	155,347		3,019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(27,836)										(27,836)			(27,836)
Stock-based compensation	2,257									2,257				2,257
Issuance of common stock in connection with share-based plans (in shares)							1,692
Issuance of common stock in connection with share-based plans	0									0				0
Shares withheld for employee taxes (in shares)							(51)
Shares withheld for employee taxes	(27)									(27)				(27)
Number of shares issued (in shares)		1,716
Issuance of common stock		$ 810
Other comprehensive (loss) income	57												299	299		(242)
Reclassification of noncontrolling interest (see Note 10)	0
Balance at end (in shares) at Jun. 30, 2023				136,615	6,676	0	136,615	6,676	0
Balance at end at Jun. 30, 2023	$ 133,627						$ 14	$ 1	$ 0	$ 720,231	$ (587,026)		$ (2,370)	$ 130,850		$ 2,777

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities:
Net loss	$ (64,097)	$ (68,147)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	16,435	17,094
Unrealized (gain) loss on foreign currency	(809)	2,811
Stock based compensation	3,379	15,224
Change in fair value of warrants	198	(3,359)
Change in fair value of derivative liability	(120)	(3,225)
Amortization of debt discount and deferred issuance costs	2,915	2,527
Deferred income tax	341	2,088
Provision for doubtful accounts	(259)	554
Loss (gain) on investment	3,590	(1,260)
Gain on disposition of assets	(175)	0
Non-cash lease expense	10,173	9,727
Changes in operating assets and liabilities:
Accounts receivable	45,871	51,831
Prepaid expenses and other current assets and prepaid expenses and other assets	1,653	(3,216)
Accounts payable	9,889	(1,167)
Accrued compensation	(11,102)	(7,242)
Accrued expenses, other current liabilities and other liabilities	(11,302)	(7,733)
Lease liabilities	(11,822)	(11,592)
Deferred revenue	(2,488)	1,284
Cash used in operating activities	(7,730)	(3,801)
Investing activities:
Capital expenditures	(471)	(2,828)
Capitalization of internal-use software	(7,676)	(6,646)
Proceeds from sale of asset	175	0
Cash used in investing activities	(7,972)	(9,474)
Financing activities:
Proceeds from exercise of stock options	29	360
Payment for shares withheld for employee taxes	(220)	(1,635)
Borrowings on Revolving Credit Facility	2,128	5,000
Payments on Revolving Credit Facility	(1,317)	0
Proceeds from the issuance of common stock in connection with at-the-market offering, net of issuance costs	765	0
Deferred reverse recapitalization costs	0	(585)
Cash provided by financing activities	1,385	3,140
Effect of currency translation on cash and cash equivalents	(162)	(1,409)
Net decrease in cash and cash equivalents	(14,479)	(11,544)
Cash and cash equivalents at beginning of period	55,774	79,733
Cash and cash equivalents at end of period	$ 41,295	$ 68,189

Description of the Business

Description of the Business	6 Months Ended
Description of the Business	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Business	Description of the Business BuzzFeed, Inc. (referred to herein, collectively with its subsidiaries, as “BuzzFeed” or the “Company”) is a premier digital media company for the most diverse, most online, and most socially connected generations the world has ever seen. Across food, news, pop culture and commerce, our brands drive conversation and inspire what audiences watch, read, and buy now — and into the future. The Company’s portfolio of iconic, globally-loved brands includes BuzzFeed, HuffPost, Tasty, Complex Networks, and First We Feast. BuzzFeed derives its revenue primarily from advertising, content, and commerce and other sold to leading brands. The Company has one reportable segment. On December 3, 2021, we consummated a business combination (the “Business Combination”) with 890 5th Avenue Partners, Inc. (“890”), certain wholly-owned subsidiaries of 890, and BuzzFeed, Inc., a Delaware corporation (“Legacy BuzzFeed”). In connection with the Business Combination, we acquired 100% of the membership interests of CM Partners, LLC. CM Partners, LLC, together with Complex Media, Inc., is referred to herein as “Complex Networks.” Following the closing of the Business Combination, 890 was renamed “BuzzFeed, Inc.” Additionally, pursuant to subscription agreements entered into in connection with the entry into the merger agreement pursuant to which the Business Combination was consummated, the Company issued, and certain investors purchased, $150.0 million aggregate principal amount of unsecured convertible notes due 2026 concurrently with the closing of the Business Combination (the “Notes”). Liquidity As a digital media company, the Company is subject to certain inherent risks and uncertainties associated with the development of its business. To date, substantially all of the Company’s efforts have been devoted to the growth of its owned and operated properties and portfolio of brands. This includes the Company’s proprietary technology infrastructure, advertising solutions, content creation tools, and more. The Company has invested in the recruitment of key management and technical staff and has acquired certain businesses. These investments have historically been funded by raising outside capital, and as a result of these efforts, the Company has generally incurred significant losses and used net cash outflows from operations since inception — and it may continue to incur such losses and use net cash outflows for the foreseeable future until such time it reaches scale of profitability without needing to rely on funding from outside capital to sustain its operations. In order to execute its growth strategy, the Company has historically relied on outside capital through the issuance of equity, debt, and borrowings under financing arrangements (collectively “outside capital”). The Company may continue to rely on outside capital for the foreseeable future. While the Company believes it will eventually reach a scale of profitability to sustain its operations, there can be no assurance it will be able to achieve such profitability or do so in a manner that does not necessitate its continued reliance on outside capital. As of the date the condensed consolidated financial statements were issued (the “issuance date”), the presence of the following risks and uncertainties associated with the Company’s financial condition may adversely affect our ability to sustain its operations over the next 12 months beyond the issuance date. • Since its inception, the Company has generally incurred significant losses and used net cash flows from operations to grow its owned and operated properties and portfolio of brands. During the six months ended June 30, 2023, the Company incurred a net loss of $64.1 million and used net cash flows from its operations of $7.7 million. Additionally, as of June 30, 2023, the Company had unrestricted cash and cash equivalents of $41.3 million available to fund its operations, $0.2 million available under the Company’s $50.0 million revolving loan and standby letter of credit facility agreement (the “Revolving Credit Facility”) (see Note 9 herein for additional details), and an accumulated deficit of $587.0 million. • The Company expects to continue to be impacted by the challenging U.S. and global macroeconomic environment, which could adversely impact its ability to grow revenue over the next 12 months beyond the issuance date. • The Company continues to be affected by its ongoing efforts to integrate Complex Networks and sales execution against the combined brand portfolio, which may result in the incurrence of unexpected expenses or the inability to realize anticipated benefits and synergies over the next 12 months beyond the issuance date. • The Company is required to remain in compliance with certain covenants required by the Revolving Credit Facility, which, among others, require it to maintain a minimum of $25.0 million of unrestricted cash at all times and limit, under prescribed circumstances, its ability to incur additional indebtedness, pay dividends, hold unpermitted investments or make material changes to the business. While the Company was in compliance with the financial covenants under the Revolving Credit Facility as of June 30, 2023, and it expects to remain in compliance throughout 12 months beyond the issuance date, the Company may be unable to remain in compliance with one or more of these covenants if it is unable to generate net cash inflows from operations or, if necessary, secure additional outside capital (including through our at-the-market-offering; see Note 11 herein for additional details). In the event the Company is unable to remain in compliance with one or more of the aforementioned covenants, and it is unable to secure a waiver or forbearance, the lender may, at its discretion, exercise any and all of its existing rights and remedies, which may include, among others, accelerating repayment of the outstanding borrowings and/or asserting its rights in the assets securing the loan. Due to the risks and uncertainties described above, the Company continues to carefully evaluate its liquidity position. The Company recognizes the significant challenge of maintaining sufficient liquidity to sustain its operations or remain in compliance with one or more of the covenants required by the Revolving Credit Facility for the next 12 months beyond the issuance date. However, notwithstanding its liquidity position as of the issuance date, and while it is difficult to predict its future liquidity requirements with certainty, the Company currently expects it will be able to generate sufficient liquidity to fund its operations over the next 12 months beyond the issuance date. In response to the risks and uncertainties described above, the Company may plan to secure additional outside capital over the next 12 months beyond the issuance date. While the Company has historically been successful in its ability to secure outside capital, as of the issuance date, the Company had no firm commitments of additional outside capital other than the Company’s at-the-market-offering, which is subject to the conditions contained in the At-The-Market Offering agreement dated June 20, 2023 with Craig-Hallum Capital Group LLC (see Note 11 herein for additional details). The Company can provide no assurance it will be able to continue to secure outside capital in the future or do so on terms that are acceptable to it, which could be due to future market conditions which are outside of its control. Furthermore, the Company also plans to continue to closely monitor its cash flow forecast and, if necessary, it will implement certain incremental cost savings to preserve its liquidity beyond those that were implemented through the restructuring activities that occurred during fiscal year 2022 and 2023 (see Note 14 herein for additional details) or through the reduction of its real estate footprint. While the Company currently expects it will be able to generate sufficient liquidity to fund its operations for the next 12 months beyond the issuance date, it can provide no assurance it will successfully generate such liquidity, or if necessary, secure additional outside capital (including through our at-the-market-offering; see Note 11 herein for additional details) or implement incremental cost savings. COVID-19 In March 2020, the World Health Organization declared the viral strain of COVID-19 a global pandemic and recommended containment and mitigation measures worldwide. The spread of COVID-19 and the resulting economic contraction resulted in increased business uncertainty and significantly impacted the Company’s business and results of operations. While the extent of the impact has generally decreased, the Company continues to monitor the status, and respond to the effects of, the COVID-19 pandemic and its impact on the Company’s business. Future developments regarding COVID-19 continue to be uncertain and difficult to predict. There can be no assurances that future impacts related to COVID-19, including new variants, or other global pandemics will not adversely impact our business, results of operations, financial condition and cash flows in future periods.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Financial Statements and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (the “SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations. As such, the accompanying condensed consolidated financial statements and these related notes should be read in conjunction with the Company’s consolidated financial statements and related notes as of and for the year ended December 31, 2022, as disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. The condensed consolidated financial statements include all normal recurring adjustments that, in the opinion of management, are necessary to present fairly the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year ended December 31, 2023. The condensed consolidated financial statements include the accounts of BuzzFeed, Inc., and its wholly-owned and majority-owned subsidiaries, and any variable interest entities for which the Company is the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported results of operations during the reporting period. Due to the use of estimates inherent in the financial reporting process actual results could differ from those estimates. Key estimates and assumptions relate primarily to revenue recognition, fair values of intangible assets acquired in business combinations, valuation allowances for deferred income tax assets, allowance for doubtful accounts, fair value of the derivative liability, fair values used for stock-based compensation in periods prior to the Business Combination, useful lives of fixed assets, and capitalized software costs. Recently Adopted Accounting Pronouncements The Company, an emerging growth company (“EGC”), has elected to take advantage of the benefits of the extended transition period provided for in Section 7(a)(2)(B) of the Securities Act, as amended, for complying with new or revised accounting standards which allows the Company to defer adoption of certain accounting standards until those standards would otherwise apply to private companies. In June 2016, the Financial Accounting Standards Board issued Accounting Standards Update 2016-13, Financial Instruments — Credit Losses (Topic 326) , which changes the impairment model for most financial assets, including accounts receivable, and replaces the existing incurred loss impairment model with an expected loss methodology, which will result in more timely recognition of credit losses. The guidance is effective for the Company for interim and annual periods beginning after December 15, 2022, with early adoption permitted. Effective January 1, 2023, the Company adopted this standard using a modified retrospective transition approach, which required a cumulative effect adjustment to the balance sheet as of January 1, 2023. The adoption of this standard did not have a material impact to our condensed consolidated financial statements. Accounting Pronouncements Not Yet Adopted None.

Acquisitions and Dispositions

Acquisitions and Dispositions	6 Months Ended
Acquisitions and Dispositions	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Dispositions	Acquisitions and Dispositions Complex Networks Acquisition On December 3, 2021, in conjunction with the Business Combination, the Company completed the acquisition of 100% of the members’ interests of Complex Networks, a publisher of online media content targeting Millennial and Gen Z consumers (the “ Complex Networks Acquisition ”). The following table summarizes the fair value of consideration exchanged as a result of the Complex Networks Acquisition: Cash consideration (1) $ 197,966 Share consideration (2) 96,200 Total consideration $ 294,166 _________________________________ (1) Includes the cash purchase price of $200.0 million adjusted for certain closing specified liabilities as specified in the Complex Networks Acquisition purchase agreement. (2) Represents 10,000,000 shares of our Class A common stock at a price of $9.62 per share, which is based on the closing stock price of our Class A common stock on the date on which the Business Combination was consummated. The following table summarizes the determination of the fair value of identifiable assets acquired and liabilities assumed in connection with the Complex Networks Acquisition. During the year ended December 31, 2022, the Company finalized the fair value of assets acquired and liabilities assumed. Measurement period adjustments were reflected during the year ended December 31, 2022, which is the period in which the adjustments occurred. The adjustments resulted from new information obtained about facts and circumstances that existed as of the acquisition date. Preliminary Measurement Final Cash $ 2,881 — $ 2,881 Accounts receivable 22,581 11 22,592 Prepaid and other current assets 17,827 281 18,108 Property and equipment 332 (15) 317 Intangible assets 119,100 — 119,100 Goodwill 189,391 (909) 188,482 Accounts payable (2,661) — (2,661) Accrued expenses (12,319) (803) (13,122) Accrued compensation (12,867) 349 (12,518) Deferred revenue (5,855) (48) (5,903) Deferred tax liabilities (22,776) 1,134 (21,642) Other liabilities (1,468) — (1,468) Total consideration for Complex Networks $ 294,166 $ — $ 294,166 The table below indicates the estimated fair value of each of the identifiable intangible assets: Asset Fair Value Weighted Average Trademarks & tradenames 97,000 15 Customer relationships 17,000 4 Developed technology 5,100 3 The fair values of the intangible assets were estimated using Level 3 inputs. The fair value of trademarks and trade names was determined using the relief from royalty method, the fair value of customer relationships was determined using the multi-period excess earnings approach, and the fair value of acquired technology was determined using the replacement cost approach. The excess of purchase consideration over the fair value of net tangible and identifiable intangible assets acquired resulted in $188.5 million of goodwill, which is primarily attributed to workforce and synergies, and is not deductible for tax purposes. The Company reviews goodwill for impairment annually as of October 1 and more frequently if events or changes in circumstances indicate an impairment may exist (a “triggering event”). As of June 30, 2023, the Company had $91.6 million of goodwill recorded on its condensed consolidated balance sheet. During the year ended December 31, 2022, the Company recorded a $102.3 million non-cash goodwill impairment charge driven by a sustained decline in share price that pushed our market capitalization below the carrying value of our stockholders’ equity. The Company concluded there were no new impairment triggering events as of and for the three and six

Revenue Recognition

Revenue Recognition	6 Months Ended
Revenue Recognition	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Disaggregated Revenue The table below presents the Company’s revenue disaggregated based on the nature of its arrangements. Management uses these categories of revenue to evaluate the performance of its businesses and to assess its financial results and forecasts. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Advertising $ 35,397 $ 53,224 $ 69,645 $ 101,892 Content 31,479 40,284 53,097 72,563 Commerce and other 11,025 13,252 22,312 23,863 Total $ 77,901 $ 106,760 $ 145,054 $ 198,318 The following table presents the Company’s revenue disaggregated by geography: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Revenue: United States $ 73,292 $ 94,152 $ 135,893 $ 177,252 International 4,609 12,608 9,161 21,066 Total $ 77,901 $ 106,760 $ 145,054 $ 198,318 Contract Balances The timing of revenue recognition, billings and cash collections can result in billed accounts receivable, unbilled receivables (contract assets), and deferred revenues (contract liabilities). The payment terms and conditions within the Company’s contracts vary by type, but the substantial majority require that customers pay for their services on a monthly or quarterly basis, as the services are being provided. When the timing of revenue recognition differs from the timing of payments made by customers, the Company recognizes either unbilled revenue (performance precedes the billing date) or deferred revenue (customer payment is received in advance of performance). The Company has determined its contracts generally do not include a significant financing component. The Company’s contract assets are presented in Prepaid and other current assets on the accompanying condensed consolidated balance sheets and totaled $7.9 million and $12.1 million at June 30, 2023 and December 31, 2022, respectively. These amounts relate to revenue recognized during the respective period that is expected to be invoiced and collected in future periods. The Company’s contract liabilities, which are recorded in Deferred revenue on the accompanying condensed consolidated balance sheets, are expected to be recognized as revenues during the succeeding 12-month period. Deferred revenue totaled $6.4 million and $8.8 million at June 30, 2023 and December 31, 2022, respectively. The amount of revenue recognized during the six months ended June 30, 2023 that was included in the deferred revenue balance as of December 31, 2022 was $5.1 million. Transaction Price Allocated to Remaining Performance Obligations The Company has certain licensing contracts with minimum guarantees and terms extending beyond one year. Revenue to be recognized related to the remaining performance obligations was $2.8 million at June 30, 2023 and is generally expected to be recognized over the next one four years . This amount does not include: (i) contracts with an original expected duration of one year or less, such as advertising contracts; (ii) variable consideration in the form of sales-based royalties; or (iii) variable consideration allocated entirely to wholly unperformed performance obligations. For each contract, the Company estimates whether it will be subject to variable consideration under the terms of the contract and includes its estimate of variable consideration, subject to constraint, in the transaction price based on the expected value method when it is deemed probable of being realized based on historical experience and trends. The Company updates its estimate of the transaction price each reporting period and the effect of variable consideration on the transaction price is recognized as an adjustment to revenue on a cumulative catch-up basis.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company’s financial assets and liabilities that are measured at fair value on a recurring basis are summarized below: June 30, 2023 Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 25,108 $ — $ — $ 25,108 Total $ 25,108 $ — $ — $ 25,108 Liabilities: Derivative liability $ — $ — $ 60 $ 60 Other non-current liabilities: Public Warrants 587 — — 587 Private Warrants — 6 — 6 Total $ 587 $ 6 $ 60 $ 653 December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 1,154 $ — $ — $ 1,154 Total $ 1,154 $ — $ — $ 1,154 Liabilities: Derivative liability $ — $ — $ 180 $ 180 Other non-current liabilities: Public Warrants 384 — — 384 Private Warrants — 11 — 11 Total $ 384 $ 11 $ 180 $ 575 The Company’s investments in money market funds are measured at amortized cost, which approximates fair value. The Company’s warrant liability as of June 30, 2023 and December 31, 2022 includes public and private warrants that were originally issued by 890, but which were assumed by the Company as part of the closing of the Business Combination (the “Public Warrants” and “Private Warrants,” respectively), which are recorded on the balance sheet at fair value. The carrying amount is subject to remeasurement at each balance sheet date. With each remeasurement, the carrying amount is adjusted to fair value, with the change in fair value recognized in the Company’s condensed consolidated statements of operations and comprehensive loss. The Public Warrants are publicly traded under the symbol “BZFDW”, and the fair value of the Public Warrants at a specific date is determined by the closing price of the Public Warrants as of that date. As such, the Public Warrants are classified within Level 1 of the fair value hierarchy. The closing price of the Public Warrants was $0.06 and $0.04 as of June 30, 2023 and December 31, 2022, respectively. As of June 30, 2023 and December 31, 2022, Level 3 instruments consisted of the Company’s derivative liability related to the Notes. Fair value measurements categorized within Level 3 are sensitive to changes in the assumptions or methodologies used to determine fair value, and such changes could result in a significant increase or decrease in the fair value. To measure the fair value of the derivative liability, the Company compared the calculated value of the Notes with the indicated value of the host instrument, defined as the straight-debt component of the Notes. The difference between the value of the straight-debt host instrument and the fair value of the Notes resulted in the value of the derivative liability. The value of the straight-debt host instrument was estimated based on a binomial lattice model, excluding the conversion option and the make-whole payment upon conversion. The following table provides quantitative information regarding the significant unobservable inputs used by the Company related to the derivative liability: June 30, 2023 December 31, 2022 Term (in years) 3.4 3.9 Risk-free rate 4.41 % 4.11 % Volatility 90.0 % 76.6 % The following table represents the activity of the Level 3 instruments: Derivative Liability Balance as of December 31, 2022 $ 180 Change in fair value of derivative liability (120) Balance as of June 30, 2023 $ 60 There were no transfers between fair value measurement levels during the three and six months ended June 30, 2023. Equity Investment For equity investments in entities that the Company does not exercise significant influence over, if the fair value of the investment is not readily determinable, the investment is accounted for at cost, and adjusted for subsequent observable price changes. If the fair value of the investment is readily determinable, the investment is accounted for at fair value. The Company reviews equity investments without readily determinable fair values at each period end to determine whether they have been impaired.

Property and Equipment, net

Property and Equipment, net	6 Months Ended
Property and Equipment, net	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net Property and equipment, net consisted of the following: June 30, 2023 December 31, 2022 Leasehold improvements $ 50,714 $ 50,688 Furniture and fixtures 6,322 6,069 Computer equipment 3,054 5,629 Video equipment 792 792 Total 60,882 63,178 Less: Accumulated depreciation (45,990) (45,404) Net Carrying Value $ 14,892 $ 17,774 Depreciation totaled $1.7 million and $2.6 million for the three months ended June 30, 2023 and 2022, respectively, and $3.4 million and $5.0 million for the six months ended June 30, 2023 and 2022, respectively, included in Depreciation and amortization expense.

Capitalized Software Costs, net

Capitalized Software Costs, net	6 Months Ended
Capitalized Software Costs, net	Jun. 30, 2023
Capitalized Computer Software, Net [Abstract]
Capitalized Software Costs, net	Capitalized Software Costs, net Capitalized software costs, net consisted of the following: June 30, 2023 December 31, 2022 Website and internal-use software $ 83,546 $ 75,871 Less: Accumulated amortization (62,037) (56,612) Net Carrying Value $ 21,509 $ 19,259 The Company capitalized $3.7 million and $3.1 million for the three months ended June 30, 2023 and 2022, respectively, and $7.7 million and $6.6 million for the six months ended June 30, 2023 and 2022, respectively, included in Capitalized software costs. The Company amortized $2.5 million and $2.3 million for the three months ended June 30, 2023 and 2022, respectively, and $5.4 million and $4.5 million for the six months ended June 30, 2023 and 2022, respectively, included in Depreciation and amortization expense. The following table presents the detail of intangible assets for the periods presented and the weighted average remaining useful lives: June 30, 2023 December 31, 2022 Weighted- Gross Accumulated Net Carrying Weighted- Gross Carrying Accumulated Net Carrying Value Acquired Technology 1 $ 10,600 $ 7,046 $ 3,554 2 $ 10,600 $ 5,279 $ 5,321 Trademarks and Trade Names 13 111,000 12,456 98,544 14 111,000 8,756 102,244 Trademarks and Trade Names Indefinite 1,368 — 1,368 Indefinite 1,368 — 1,368 Customer Relationships 2 17,000 6,729 10,271 3 17,000 4,604 12,396 Total $ 139,968 $ 26,231 $ 113,737 $ 139,968 $ 18,639 $ 121,329 With respect to intangible assets, the Company amortized $3.8 million for the three months ended June 30, 2023 and 2022, and $7.6 million and for the six months ended June 30, 2023 and 2022, included in Depreciation and amortization expense. Estimated future amortization expense as of June 30, 2023 is as follows (in thousands): Remainder of 2023 $ 7,592 2024 13,438 2025 11,296 2026 7,400 2027 7,400 Thereafter 65,243 Total $ 112,369

Intangible Assets, net

Intangible Assets, net	6 Months Ended
Intangible Assets, net	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, net	Capitalized Software Costs, net Capitalized software costs, net consisted of the following: June 30, 2023 December 31, 2022 Website and internal-use software $ 83,546 $ 75,871 Less: Accumulated amortization (62,037) (56,612) Net Carrying Value $ 21,509 $ 19,259 The Company capitalized $3.7 million and $3.1 million for the three months ended June 30, 2023 and 2022, respectively, and $7.7 million and $6.6 million for the six months ended June 30, 2023 and 2022, respectively, included in Capitalized software costs. The Company amortized $2.5 million and $2.3 million for the three months ended June 30, 2023 and 2022, respectively, and $5.4 million and $4.5 million for the six months ended June 30, 2023 and 2022, respectively, included in Depreciation and amortization expense. The following table presents the detail of intangible assets for the periods presented and the weighted average remaining useful lives: June 30, 2023 December 31, 2022 Weighted- Gross Accumulated Net Carrying Weighted- Gross Carrying Accumulated Net Carrying Value Acquired Technology 1 $ 10,600 $ 7,046 $ 3,554 2 $ 10,600 $ 5,279 $ 5,321 Trademarks and Trade Names 13 111,000 12,456 98,544 14 111,000 8,756 102,244 Trademarks and Trade Names Indefinite 1,368 — 1,368 Indefinite 1,368 — 1,368 Customer Relationships 2 17,000 6,729 10,271 3 17,000 4,604 12,396 Total $ 139,968 $ 26,231 $ 113,737 $ 139,968 $ 18,639 $ 121,329 With respect to intangible assets, the Company amortized $3.8 million for the three months ended June 30, 2023 and 2022, and $7.6 million and for the six months ended June 30, 2023 and 2022, included in Depreciation and amortization expense. Estimated future amortization expense as of June 30, 2023 is as follows (in thousands): Remainder of 2023 $ 7,592 2024 13,438 2025 11,296 2026 7,400 2027 7,400 Thereafter 65,243 Total $ 112,369

Debt

Debt	6 Months Ended
Debt	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	Debt Revolving Credit Facility On December 30, 2020, the Company entered into a three-year, $50.0 million, revolving loan and standby letter of credit facility agreement (i.e., the Revolving Credit Facility). The Revolving Credit Facility provides for the issuance of up to $15.5 million of standby letters of credit and aggregate borrowings under the Revolving Credit Facility are generally limited to 95% of qualifying investment grade accounts receivable and 90% of qualifying non-investment grade accounts receivable, subject to adjustment at the discretion of the lenders. The $15.5 million of standby letters of credit were issued during the three months ended March 31, 2021 in favor of certain of the Company’s landlords. The Revolving Credit Facility was amended and restated in connection with the closing of the Business Combination to, among other things, add the Company and certain other entities as guarantors. The Revolving Credit Facility was further amended and restated on December 15, 2022 to, among other things, extend the maturity date until December 30, 2025, replace the London Inter-Bank Offered Rate (LIBOR) rate with the Secured Overnight Financing Rate (“SOFR”) rate, and provide for an early termination fee of between 0.5% and 2% of the maximum facility loan amount. The Company incurred $0.2 million of debt issuance fees associated with the December 15, 2022 amendment. On May 10, 2023, the parties to the Revolving Credit Facility entered into a joinder agreement adding one of the Company’s Canadian subsidiaries as a borrower under the Revolving Credit Facility, granting the lenders under the Revolving Credit Facility a lien on that subsidiary’s collateral, and including that subsidiary's receivables in the calculation of the borrowing base under the Revolving Credit Facility. On June 29, 2023, the Revolving Credit Facility was amended to provide for, among other things: (i) permitted overadvances during the period June 29, 2023 through August 31, 2023; (ii) permitted overadvances of up to $7.4 million; (iii) an increase in the applicable margin only during the overadvance period (ranging from 4.5% to 5% depending on the utilization of the facility, with the range reverting to 3.75% to 4.25% starting September 1, 2023); and (iv) a change in the definition of the term “SOFR Index.” The Company incurred $0.2 million of debt issuance fees associated with the June 29, 2023 amendment. The Revolving Credit Facility includes covenants that, among other things, require the Company to maintain at least $25.0 million of unrestricted cash at all times and limit, under prescribed circumstances, the ability of the Company to incur additional indebtedness, pay dividends, hold unpermitted investments, or make material changes to the business. The Company was in compliance with the financial covenants under such facility as of June 30, 2023. Borrowings under the Revolving Credit Facility bear interest at the greater of a floor rate of 0.75% or the sum of the rate per annum for the forward-looking term rate for SOFR for a term of one (1) month, plus a margin, which, during the overadvance period ending August 31, 2023, ranges from 4.5% to 5% depending on the utilization of the facility, with the range reverting to 3.75% to 4.25% on September 1, 2023, depending on the level of the Company’s utilization of the facility (the interest rate was approximately 9% at June 30, 2023), and subject to a monthly minimum utilization of $15.0 million. The facility also includes an unused commitment fee of 0.375%. The Company had outstanding borrowings of $34.3 million and $33.5 million at June 30, 2023 and December 31, 2022, respectively. The Company had outstanding letters of credit of $15.5 million under the Revolving Credit Facility at June 30, 2023 and December 31, 2022, and the total unused borrowing capacity was $0.2 million and $1.0 million as of June 30, 2023 and December 31, 2022, respectively. The Revolving Credit Facility is secured by a first priority security interest on the Company’s and the other borrowers’ and guarantors’ cash, accounts receivable, books and records, and related assets. As of June 30, 2023 and December 31, 2022, the Company had $0.5 million and $0.4 million, of costs in connection with the issuance of debt included in Prepaid and other assets in the condensed consolidated balance sheet, respectively. Convertible Notes In June 2021, in connection with the entry into the merger agreement pursuant to which Business Combination was consummated, the Company entered into subscription agreements with certain investors to sell $150.0 million aggregate principal amount of unsecured convertible notes due 2026 (i.e., the Notes). In connection with closing of the the Business Combination, the Company issued, and those investors purchased, the Notes. The Notes bear interest at a rate of 8.50% per annum, payable semi-annually, are convertible into approximately 12,000,000 shares of our Class A common stock (or, at the Company’s election, a combination of cash and our Class A common stock), at an initial conversion price of $12.50, and mature on December 3, 2026. The Company may, at its election, force conversion of the Notes after December 3, 2024 (i.e., after the third anniversary of the issuance of the Notes), subject to a holder’s prior right to convert and the satisfaction of certain other conditions, if the volume-weighted average trading price of our Class A common stock is greater than or equal to 130% of the conversion price for more than 20 trading days during a period of 30 consecutive trading days, which has yet to occur. In the event that a holder of the Notes elects to convert its Notes after the one year anniversary, and prior to the three-year anniversary, of the issuance of the Notes (i.e., between December 3, 2022 and December 3, 2024), the Company will be obligated to pay an amount in cash equal to: (i) from the one year anniversary of the issuance of the Notes to the two year anniversary of the issuance of the Notes, an amount equal to 18 month’s interest declining ratably on a monthly basis to 12 month’s interest on the aggregate principal amount of the Notes so converted and (ii) from the two year anniversary of the issuance of the Notes to the three year anniversary of the issuance of the Notes, an amount equal to 12 month’s interest declining ratably on a monthly basis to zero month’s interest, in each case, on the aggregate principal amount of the Notes so converted. Without limiting a holder’s right to convert the Notes at its option, interest will cease to accrue on the Notes during any period in which the Company would otherwise be entitled to force conversion of the Notes, but is not permitted to do so solely due to the failure of a trading volume condition specified in the indenture governing the Notes. Each holder of a Note will have the right to cause the Company to repurchase for cash all or a portion of the Notes held by such holder (i) at any time after the third anniversary of the date on which the Business Combination was consummated, at a price equal to par plus accrued and unpaid interest; or (ii) at any time upon the occurrence of a fundamental change (as defined in the indenture governing the Notes), at a price equal to 101% of par plus accrued and unpaid interest. The indenture governing the Notes includes restrictive covenants that, among other things, limit the Company’s ability to incur additional debt or liens, make restricted payments or investments, dispose of significant assets, transfer intellectual property, or enter into transactions with affiliates. In accounting for the Notes, the Company bifurcated a derivative liability representing the conversion option, with a fair value at issuance of $31.6 million. To measure the fair value of the derivative liability, the Company compared the calculated value of the Notes with the indicated value of the host instrument, defined as the straight-debt component of the Notes. The difference between the value of the straight-debt host instrument and the fair value of the Notes resulted in the value of the derivative liability. The value of the straight-debt host instrument was estimated based on a binomial lattice model, excluding the conversion option and the make-whole payment upon conversion. The derivative liability is remeasured at each reporting date with the resulting gain or loss recorded in Change in fair value of derivative liability within the condensed consolidated statements of operations. Interest expense on the Notes is recognized at an effective interest rate of 15% and totaled $4.8 million and $4.6 million for the three months ended June 30, 2023 and 2022, respectively, and $9.3 million and $8.9 million for the six months ended June 30, 2023 and 2022, respectively, of which amortization of the debt discount and issuance costs comprised $1.6 million and $1.4 million for the three months ended June 30, 2023 and 2022, respectively, and $3.0 million and $2.5 million for the six months ended June 30, 2023 and 2022, respectively. The net carrying amount of the Notes as of June 30, 2023 and December 31, 2022 was: June 30, 2023 December 31, 2022 Principal outstanding $ 150,000 $ 150,000 Unamortized debt discount and issuance costs (28,337) (31,252) Net carrying value $ 121,663 $ 118,748 The fair value of the Notes was approximately $104.4 million and $99.8 million as of June 30, 2023 and December 31, 2022, respectively. The fair value of the Notes was estimated using Level 3 inputs.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	6 Months Ended
Redeemable Noncontrolling Interest	Jun. 30, 2023
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	Redeemable Noncontrolling Interest The redeemable noncontrolling interest represented BuzzFeed Japan, which was held by Yahoo Japan. On May 17, 2022, Yahoo Japan transferred its interests in BuzzFeed Japan to other third parties. The agreements with the third parties do not contain any put rights. As such, on May 17, 2022, the Company reclassified the former redeemable noncontrolling interest to nonredeemable noncontrolling interest that is presented within Stockholders’ equity permanent equity on the Company’s condensed consolidated balance sheet, with no adjustment to the prior periods presented. The table below presents the reconciliation of changes in redeemable noncontrolling interest: 2023 2022 Balance as of January 1, $ — $ 2,294 Allocation of net income — 164 Balance as of March 31, $ — $ 2,458 Allocation of net (income) loss — — Reclassification to permanent equity — (2,458) Balance as of June 30, $ — $ —

Stockholders' Equity

Stockholders' Equity	6 Months Ended
Stockholders' Equity	Jun. 30, 2023
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity Common Stock In connection with the closing of the Business Combination, the Company authorized the issuance of 700,000,000 shares of Class A common stock, par value $0.0001 per share, 20,000,000 shares of Class B common stock, par value $0.0001 per share, and 10,000,000 shares of Class C common stock, par value $0.0001 per share. Each share of Class A common stock is entitled to one vote and each share of Class B common stock is entitled to fifty votes. Class C common stock is non-voting. Preferred Stock In connection with the closing of the Business Combination, the Company authorized the issuance of 50,000,000 shares of preferred stock, par value $0.0001 per share. The Board of Directors is authorized, without further stockholder approval, to issue such preferred stock in one or more series, to fix the voting rights, if any, designations, powers, preferences, the relative, participating, optional or other special rights and any qualifications, limitations and restrictions thereof, applicable to the shares of each series. There were no issued and outstanding shares of preferred stock as of June 30, 2023 or December 31, 2022. Stock-Based Compensation Stock Options A summary of the stock option activity under the Company’s equity incentive plans is presented below: Number of Weighted Weighted Aggregate Balance as of December 31, 2022 3,976 $ 6.20 3.80 $ — Granted 51 0.61 — — Exercised (34) 0.86 — — Forfeited (132) 5.18 — — Expired (143) 5.05 — — Balance as of June 30, 2023 3,718 $ 6.25 3.11 $ — Expected to vest at June 30, 2023 3,718 $ 6.25 3.11 $ — Exercisable at June 30, 2023 3,235 $ 6.46 2.28 $ — As of June 30, 2023, the total share-based compensation costs not yet recognized related to unvested stock options was $1.0 million, which is expected to be recognized over the weighted-average remaining requisite service period of 1.2 years. Restricted Stock Units A summary of Restricted Stock Unit (“RSU”) activity is presented below: Shares Weighted Average Grant- Outstanding as of December 31, 2022 7,495 $ 3.59 Granted 8,819 0.63 Vested (2,052) 4.03 Forfeited (1,264) 4.60 Outstanding as of June 30, 2023 12,998 $ 1.41 As of June 30, 2023, there were approximately $12.6 million of unrecognized compensation costs related to RSUs. Stock-Based Compensation Expense The following table summarizes stock-based compensation cost included in the condensed consolidated statements of operations: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Cost of revenue, excluding depreciation and amortization $ 255 $ 2,695 $ 611 $ 3,155 Sales and marketing 318 1,391 887 2,113 General and administrative 1,612 3,782 2,154 6,380 Research and development 1 72 3,416 (273) 3,576 Total $ 2,257 $ 11,284 $ 3,379 $ 15,224 _________________________________ (1) The negative stock-based compensation expense for the six months ended June 30, 2023 for Research and development was due to forfeitures. RSUs settle into shares of common stock upon vesting. Upon the vesting of the RSUs, for certain employees, the Company net-settles the RSUs and withholds a portion of the shares to satisfy minimum statutory employee withholding tax requirements. Total payment of the employees’ tax obligations to the tax authorities is reflected as a financing activity within the condensed consolidated statements of cash flows. At-The-Market Offering

Net Loss Per Share

Net Loss Per Share	6 Months Ended
Net Loss Per Share	Jun. 30, 2023
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), the conversion of any convertible debt (including the Notes), and the conversion of any convertible preferred stock, in each case only in the periods in which such effect would have been dilutive. For the three and six months ended June 30, 2023, 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. For the three and six months ended June 30, 2022, net loss per share amounts were the same for Class A, Class B, and Class C common stock because the holders of each class are entitled to equal per share dividends. The table below presents the computation of basic and diluted net loss per share: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Numerator: Net loss $ (27,836) $ (23,581) $ (64,097) $ (68,147) Net income attributable to the redeemable noncontrolling interest — — — 164 Net income (loss) attributable to noncontrolling interests — 184 (260) 348 Net loss attributable to holders of Class A, Class B, and Class C common stock $ (27,836) $ (23,765) (63,837) (68,659) Denominator: Weighted average common shares outstanding, basic and diluted 141,950 137,381 141,330 136,906 Net loss per common share, basic and diluted $ (0.20) $ (0.17) $ (0.45) $ (0.50) The table below presents the details of securities that were excluded from the calculation of diluted net income (loss) per share as the effect would have been anti-dilutive: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Stock options 3,718 4,235 3,718 4,235 Restricted stock units 12,998 5,958 12,998 3,546 Warrants 9,876 9,876 9,876 9,876 Convertible notes 12,000 12,000 12,000 12,000 Additionally, the calculation of diluted loss per share excluded 2.4 million RSUs for the six months ended June 30, 2022, for which the related liquidity condition had not been met.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s tax provision or benefit from income taxes for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items, if any. Each quarter the Company updates its estimate of the annual effective tax rate and makes a year-to-date adjustment to the provision. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Income tax (benefit) provision $ (37) $ 1,796 $ 110 $ 2,146 Effective tax rate 0.1 % (8.2) % (0.2) % (3.3) % For the three and six months ended June 30, 2023 and 2022, the Company’s effective tax rate differed from the U.S. federal statutory income tax rate of 21% primarily due to limited tax benefits provided for against its current year pre-tax operating loss as the Company maintains a full valuation allowance against its U.S. deferred tax assets that are not realizable on a more-likely-than-not basis. The Company, or one of its subsidiaries, files its tax returns in the U.S. and certain state and foreign income tax jurisdictions with varying statute of limitations. The major jurisdictions in which the Company is subject to potential examination by tax authorities are the U.S., the United Kingdom, Japan, and Canada.

Restructuring Costs

Restructuring Costs	6 Months Ended
Restructuring Costs	Jun. 30, 2023
Restructuring Costs [Abstract]
Restructuring Costs	Restructuring Costs On April 20, 2023, the Company announced plans to reduce expenses by implementing an approximately 15% reduction in the current workforce. The reduction in workforce plan is part of a broader strategic reprioritization across the Company in order to accelerate revenue growth and improve upon profitability and cash flow. The Company incurred approximately $9.7 million of restructuring costs for the three months ended June 30, 2023, comprised mainly of severance and related benefit costs, of which $5.5 million were included in Cost of revenue, excluding depreciation and amortization, $2.8 million were included in Sales and marketing, $0.6 million were included in General and administrative, and $0.8 million were included in Research and development. As of June 30, 2023, $3.4 million of restructuring costs remain unpaid and are included in Accrued compensation on the condensed consolidated balance sheet. These costs are expected to be paid primarily in the third quarter of 2023. In March 2022, in connection with the acquisition of Complex Networks, the Company approved certain organizational changes to align sales and marketing and general and administrative functions as well as changes in content to better serve audience demands. Additionally, in June 2022, as part of a strategic repositioning of BuzzFeed News, the Company entered into a voluntary buyout proposal covering certain desks which was negotiated as part of collective bargaining between the Company and the BuzzFeed News Union. The Company incurred approximately $3.5 million and $5.3 million of restructuring costs for the three and six months ended June 30, 2022, respectively, comprised mainly of severance and related benefit costs. For the three months ended June 30, 2022, $3.1 million were included in Cost of revenue, excluding depreciation and amortization, $0.1 million were included in Sales and marketing, $0.2 million were included in General and administrative, and $0.1 million were included in Research and development. For the six months ended June 30, 2022, approximately $4.4 million were included in Cost of revenue, excluding depreciation and amortization, $0.3 million were included in Sales and marketing, $0.5 million were included in General and administrative, and $0.1 million were included in Research and development.

Leases

Leases	6 Months Ended
Leases	Jun. 30, 2023
Leases [Abstract]
Leases	Leases The Company leases office space under non-cancelable operating leases with various expiration dates through 2029. The Company accounts for leases under Accounting Standards Update 2016-02, Leases (Topic 842) (“ASC 842”) by recording right-of-use assets and liabilities. The right-of-use asset represents the Company’s right to use underlying assets for the lease term and the lease liability represents the Company’s obligation to make lease payments under the lease. The Company determines if an arrangement is, or contains, a lease at contract inception and exercises judgment and applies certain assumptions when determining the discount rate, lease term, and lease payments. ASC 842 requires a lessee to record a lease liability based on the discounted unpaid lease payments using the interest rate implicit in the lease or, if the rate cannot be readily determined, the incremental borrowing rate. Generally, the Company does not have knowledge of the rate implicit in the lease and, therefore, uses its incremental borrowing rate for a lease. The lease term includes the non-cancelable period of the lease plus any additional periods covered by an option to extend that the Company is reasonably certain to exercise. The Company’s lease agreements generally do not contain any material residual value guarantees or material restrictive covenants. Certain of the Company’s lease agreements include escalating lease payments. Additionally, certain lease agreements contain renewal provisions and other provisions which require the Company to pay taxes, insurance, or maintenance costs. The Company subleases certain leased office space to third parties when it determines there is excess leased capacity. On July 8, 2022, the Company entered into a sublease with Monday.com with respect to substantially all of the Company's then-existing corporate headquarters. The sublease commenced on August 26, 2022 and expires on May 30, 2026, unless terminated sooner in accordance with the provisions of the sublease. Pursuant to the terms of the sublease, Monday.com will pay a fixed monthly rent of $0.8 million, subject to periodic increases. In-lieu of a cash security deposit, the Company received a letter of credit from Citibank for approximately $4.5 million. Sublease rent income is recognized as an offset to rent expense on a straight-line basis over the lease term. In addition to sublease rent, other costs such as common-area maintenance, utilities, and real estate taxes are charged to subtenants over the duration of the lease for their proportionate share of these costs. The following illustrates the lease costs for the three and six months ended June 30, 2023 and 2022: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Operating lease cost $ 7,615 $ 7,571 $ 15,062 $ 15,168 Sublease income (3,894) (1,835) (7,852) (3,670) Total lease cost $ 3,721 $ 5,736 $ 7,210 $ 11,498 All components of total lease cost are recorded within General and administrative expenses within the condensed consolidated statement of operations. The Company does not have material short-term or variable lease costs. The following amounts were recorded in the Company’s condensed consolidated balance sheet related to operating leases: June 30, 2023 December 31, 2022 Assets Right-of-use assets $ 56,537 $ 66,581 Liabilities Current lease liabilities 22,016 23,398 Noncurrent lease liabilities 49,036 59,315 Total lease liabilities $ 71,052 $ 82,713 Other information related to leases was as follows: Six Months Ended Six Months Ended Supplemental cash flow information: Cash paid for amounts included in measurement of lease liabilities: Operating cash flows for operating lease liabilities 16,905 16,926 June 30, 2023 December 31, 2022 Weighted average remaining lease term (years) 3.1 3.4 Weighted average discount rate 13.81 % 13.76 % Maturities of lease liabilities as of June 30, 2023 were as follows: Year Operating Leases Remainder of 2023 $ 15,954 2024 28,238 2025 25,633 2026 13,062 2027 2,724 Thereafter 1,361 Total lease payments 86,972 Less: imputed interest (15,920) Total $ 71,052 Sublease receipts to be received in the future under noncancelable subleases as of June 30, 2023 were as follows: Year Amount Remainder of 2023 $ 7,842 2024 15,538 2025 15,538 2026 4,886 2027 178 Thereafter — Total $ 43,982

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Guarantees In September 2018, at the time of its equity investment in a private company, the Company agreed to guarantee the lease of such company’s premises in New York. In October 2020, the investee renewed its lease agreement, and the Company’s prior guarantee was replaced with a new guarantee of up to $5.4 million. The amount of the guarantee is reduced as the investee makes payments under the lease. As of June 30, 2023, the maximum amount of the guarantee was $0.3 million, and no liability was recognized with respect to the guarantee. In the course of its business, the Company both provides and receives indemnities which are intended to allocate certain risks associated with business transactions. Similarly, the Company may remain contingently liable for various obligations of a business that has been divested in the event that a third party does not fulfill its obligations under an indemnification obligation. The Company records a liability for indemnification obligations and other contingent liabilities when probable and reasonably estimable. Legal Matters The Company is party to various lawsuits and claims in the ordinary course of business. Two mass arbitrations (the “Arbitrations”) were initiated before the American Arbitration Association on March 15, 2022 against the Company and certain of its executive officers and directors (together, the “BuzzFeed Defendants”) and Continental Stock Transfer Corporation by 91 individuals previously employed by Legacy BuzzFeed (the “Claimants”). The Claimants alleged that they were harmed when they were allegedly unable to convert their shares of Class B common stock to Class A common stock and sell those shares on December 6, 2021, the first day of trading following the Business Combination, and asserted claims for negligence, misrepresentation, breach of fiduciary duty, and violation of Section 11 of the Securities Act. The Claimants sought to recover unspecified compensatory damages, an award of costs, and any further appropriate relief. On April 21, 2022, the BuzzFeed Defendants filed a complaint in the Delaware Court of Chancery seeking to enjoin the Arbitrations on the grounds that, inter alia, the Claimants’ purported causes of action arise from their rights as shareholders of the Company, are governed by the Company’s charter, including its forum selection provision, and are therefore not arbitrable (the “Delaware Action”). The complaint sought declaratory and injunctive relief. A hearing on the merits of the Delaware Action was held on July 26, 2022. On October 28, 2022, the Court of Chancery granted the Company’s motion to permanently enjoin the Claimants’ arbitration claims. On January 17, 2023, the Claimants filed amended statements of claim in the Arbitrations against BuzzFeed Media Enterprises, Inc., a wholly-owned subsidiary of the Company, and Continental Stock Transfer & Trust Corporation, the transfer agent for 890 and later the Company. The amended statements of claim likewise allege that the Claimants were harmed when they were allegedly unable to convert their shares of Class B common stock to Class A common stock and sell those shares on the first day of trading following the Business Combination. The Claimants allege claims for breach of contract and the covenant of good faith and fair dealing, misrepresentation, and negligence, and seek to recover unspecified compensatory damages, an award of costs, and any further appropriate relief. The parties have cross-moved for summary judgment and a hearing on those motions is pending. On March 29, 2023, BuzzFeed Media Enterprises, Inc., filed a complaint in the Delaware Court of Chancery seeking to enjoin the Arbitrations on the grounds that, inter alia, the Claimants’ purported causes of action arise from their rights as shareholders of the Company, are governed by the Company’s charter, including its forum selection provision, and are therefore not arbitrable. The complaint seeks declaratory and injunctive relief. Although the outcome of such matters cannot be predicted with certainty and the impact that the final resolution of such matters will ultimately have on the Company’s condensed consolidated financial statements is not known, the Company does not believe that the resolution of these matters will have a material adverse effect on the Company’s future results of operations or cash flows. The Company settled or resolved certain legal matters during the three and six months ended June 30, 2023 and 2022 that did not individually or in the aggregate have a material impact on the Company’s business or its condensed consolidated balance sheets, results of operations or cash flows. Other Matters On May 31, 2023, the Company received a letter (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the previous 30 consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share requirement for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). The Notice has no effect at this time on the Company’s common stock or warrants, which continue to trade on the Nasdaq Global Market under the symbols “BZFD” and “BZFDW,” respectively. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial period of 180 calendar days, or until November 27, 2023 (the “Compliance Date”), to regain compliance with the Bid Price Requirement. If, at any time before the Compliance Date, the bid price for the Company’s common stock closes at $1.00 or more for at least 10 consecutive business days, unless the Staff exercises its discretion to extend this 10-day period pursuant to Nasdaq Listing Rule 5810(c)(3)(H), the Staff will provide written notification to the Company that it has regained compliance with the Bid Price Requirement. If the Company is not in compliance with the Bid Price Requirement by the Compliance Date, the Company may qualify for a second 180-calendar day compliance period. To qualify, the Company would be required, among other things, to transfer from the Nasdaq Global Market to the Nasdaq Capital Market, to meet the continued listing requirement for the market value of publicly held shares, as well as the standards for initial listing on the Nasdaq Capital Market with the exception of the Bid Price Requirement, and would need to provide written notice of its intention to cure the bid price deficiency during the second compliance period. If the Company does not qualify for, or fails to regain compliance during, a second compliance period, then the Staff will provide written notification to the Company that its common stock will be subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to the Nasdaq Listing Qualifications Panel. However, there can be no assurance that, if the Company receives a delisting notice and appeals the delisting determination, such an appeal would be successful. The Company intends to monitor the closing bid price of its common stock and may, if appropriate, consider available options to regain compliance with the Bid Price Requirement.

Segment Information

Segment Information	6 Months Ended
Segment Information	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	Segment Information Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”), in deciding how to allocate resources and in assessing performance. The Company has determined that its chief executive officer is its CODM who makes resource allocation decisions and assesses performance based upon financial information at the consolidated level. The Company manages its operations as a single segment for the purpose of assessing and making operating decisions. Since the Company operates in one operating segment, all required financial segment information can be found in the condensed consolidated financial statements.

Related Party Transactions

Related Party Transactions	6 Months Ended
Related Party Transactions	Jun. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party TransactionsThe Company recognized revenue from NBCUniversal Media, LLC (“NBCU”) of $0.2 million and $1.7 million for the three months ended June 30, 2023 and 2022, respectively, and $0.7 million and $2.2 million for the six months ended June 30, 2023 and 2022, respectively. The Company recognized expenses under contractual obligations from NBCU of $nil and $0.2 million for the three months ended June 30, 2023 and 2022, respectively, and $nil and $0.4 million for the six months ended June 30, 2023 and 2022, respectively. The Company had outstanding receivable balances of $0.2 million and $2.2 million from NBCU as of June 30, 2023 and December 31, 2022, respectively. The Company had an outstanding payable balance of $0.2 million to NBCU as of June 30, 2023 (none as of December 31, 2022).On March 15, 2023, Verizon Ventures LLC (“Verizon”) converted all 6,478,031 shares of Class C common stock into Class A common stock, resulting in Verizon and its affiliates holding more than 5% of our Class A common stock. Verizon is the landlord for the Company’s corporate headquarters (assumed from the acquisition of Complex Networks), and we transact with Verizon in the normal course of business, such as with agency advertising deals and for certain utilities. The Company recognized revenue from Verizon of $nil for the three and six months ended June 30, 2023 and 2022. The Company recognized expenses under contractual obligations from Verizon of $1.5 million for both the three months ended June 30, 2023 and 2022, and $3.0 million for both the six months ended June 30, 2023 and 2022. The Company had no outstanding receivables or payables from or to Verizon as of June 30, 2023 or December 31, 2022.

Supplemental Disclosures

Supplemental Disclosures	6 Months Ended
Supplemental Disclosures	Jun. 30, 2023
Supplemental Disclosures [Abstract]
Supplemental Disclosures	Supplemental Disclosures Film Costs Film costs, which were included in Prepaid and other assets on the condensed consolidated balance sheets, were as follows: June 30, 2023 December 31, 2022 Individual Monetization: Feature films in production $ 2,099 $ — Total $ 2,099 $ — The Company had no material amortization of film costs for the three and six months ended June 30, 2023 or 2022. Governmental Assistance Production tax incentives reduced capitalized film costs by $1.5 million as of December 31, 2022 (none as of June 30, 2023). The Company had receivables related to our production tax credits of $3.0 million as of June 30, 2023 and December 31, 2022, included in Prepaid and other current assets in our condensed consolidated balance sheet. Supplemental Cash Flow Disclosures Six Months Ended June 30, 2023 2022 Cash paid for income taxes, net $ 984 $ 2,059 Cash paid for interest 8,753 7,818 Non-cash investing and financing activities: Accounts payable and accrued expenses related to property and equipment 123 187 Accrued deferred offering costs 425 —

Other Expense, Net

Other Expense, Net	6 Months Ended
Other Expense, Net	Jun. 30, 2023
Other Nonoperating Income (Expense) [Abstract]
Other Expense, Net	Other Expense, Net Other expense, net consisted of the following for the three and six months ended June 30, 2023 and 2022: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Exchange gain (loss) 147 (3,278) 910 (3,501) (Loss) gain on investment (3,590) — (3,590) 1,260 Other expense (234) (182) (587) (393) Other income 2 20 212 56 Total $ (3,675) $ (3,440) $ (3,055) $ (2,578)

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Polices)	6 Months Ended
Summary of Significant Accounting Policies (Polices)	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Financial Statements and Principles of Consolidation	Basis of Financial Statements and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (the “SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations. As such, the accompanying condensed consolidated financial statements and these related notes should be read in conjunction with the Company’s consolidated financial statements and related notes as of and for the year ended December 31, 2022, as disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. The condensed consolidated financial statements include all normal recurring adjustments that, in the opinion of management, are necessary to present fairly the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year ended December 31, 2023. The condensed consolidated financial statements include the accounts of BuzzFeed, Inc., and its wholly-owned and majority-owned subsidiaries, and any variable interest entities for which the Company is the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported results of operations during the reporting period. Due to the use of estimates inherent in the financial reporting process actual results could differ from those estimates. Key estimates and assumptions relate primarily to revenue recognition, fair values of intangible assets acquired in business combinations, valuation allowances for deferred income tax assets, allowance for doubtful accounts, fair value of the derivative liability, fair values used for stock-based compensation in periods prior to the Business Combination, useful lives of fixed assets, and capitalized software costs.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements The Company, an emerging growth company (“EGC”), has elected to take advantage of the benefits of the extended transition period provided for in Section 7(a)(2)(B) of the Securities Act, as amended, for complying with new or revised accounting standards which allows the Company to defer adoption of certain accounting standards until those standards would otherwise apply to private companies. In June 2016, the Financial Accounting Standards Board issued Accounting Standards Update 2016-13, Financial Instruments — Credit Losses (Topic 326) , which changes the impairment model for most financial assets, including accounts receivable, and replaces the existing incurred loss impairment model with an expected loss methodology, which will result in more timely recognition of credit losses. The guidance is effective for the Company for interim and annual periods beginning after December 15, 2022, with early adoption permitted. Effective January 1, 2023, the Company adopted this standard using a modified retrospective transition approach, which required a cumulative effect adjustment to the balance sheet as of January 1, 2023. The adoption of this standard did not have a material impact to our condensed consolidated financial statements.
Accounting Pronouncements Not Yet Adopted	Accounting Pronouncements Not Yet Adopted None.

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	6 Months Ended
Acquisitions and Dispositions (Tables)	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of fair value of consideration exchanged	The following table summarizes the fair value of consideration exchanged as a result of the Complex Networks Acquisition: Cash consideration (1) $ 197,966 Share consideration (2) 96,200 Total consideration $ 294,166 _________________________________ (1) Includes the cash purchase price of $200.0 million adjusted for certain closing specified liabilities as specified in the Complex Networks Acquisition purchase agreement. (2) Represents 10,000,000 shares of our Class A common stock at a price of $9.62 per share, which is based on the closing stock price of our Class A common stock on the date on which the Business Combination was consummated.
Schedule of purchase price allocation for the assets acquired and liabilities assumed	The following table summarizes the determination of the fair value of identifiable assets acquired and liabilities assumed in connection with the Complex Networks Acquisition. During the year ended December 31, 2022, the Company finalized the fair value of assets acquired and liabilities assumed. Measurement period adjustments were reflected during the year ended December 31, 2022, which is the period in which the adjustments occurred. The adjustments resulted from new information obtained about facts and circumstances that existed as of the acquisition date. Preliminary Measurement Final Cash $ 2,881 — $ 2,881 Accounts receivable 22,581 11 22,592 Prepaid and other current assets 17,827 281 18,108 Property and equipment 332 (15) 317 Intangible assets 119,100 — 119,100 Goodwill 189,391 (909) 188,482 Accounts payable (2,661) — (2,661) Accrued expenses (12,319) (803) (13,122) Accrued compensation (12,867) 349 (12,518) Deferred revenue (5,855) (48) (5,903) Deferred tax liabilities (22,776) 1,134 (21,642) Other liabilities (1,468) — (1,468) Total consideration for Complex Networks $ 294,166 $ — $ 294,166
Schedule of estimated fair value of each of the identifiable intangible assets	The table below indicates the estimated fair value of each of the identifiable intangible assets: Asset Fair Value Weighted Average Trademarks & tradenames 97,000 15 Customer relationships 17,000 4 Developed technology 5,100 3

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
Revenue Recognition (Tables)	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of disaggregation of revenue	The table below presents the Company’s revenue disaggregated based on the nature of its arrangements. Management uses these categories of revenue to evaluate the performance of its businesses and to assess its financial results and forecasts. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Advertising $ 35,397 $ 53,224 $ 69,645 $ 101,892 Content 31,479 40,284 53,097 72,563 Commerce and other 11,025 13,252 22,312 23,863 Total $ 77,901 $ 106,760 $ 145,054 $ 198,318 The following table presents the Company’s revenue disaggregated by geography: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Revenue: United States $ 73,292 $ 94,152 $ 135,893 $ 177,252 International 4,609 12,608 9,161 21,066 Total $ 77,901 $ 106,760 $ 145,054 $ 198,318

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of company's financial assets and liabilities that are measured at fair value on a recurring basis	The Company’s financial assets and liabilities that are measured at fair value on a recurring basis are summarized below: June 30, 2023 Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 25,108 $ — $ — $ 25,108 Total $ 25,108 $ — $ — $ 25,108 Liabilities: Derivative liability $ — $ — $ 60 $ 60 Other non-current liabilities: Public Warrants 587 — — 587 Private Warrants — 6 — 6 Total $ 587 $ 6 $ 60 $ 653 December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 1,154 $ — $ — $ 1,154 Total $ 1,154 $ — $ — $ 1,154 Liabilities: Derivative liability $ — $ — $ 180 $ 180 Other non-current liabilities: Public Warrants 384 — — 384 Private Warrants — 11 — 11 Total $ 384 $ 11 $ 180 $ 575
Schedule of quantitative information regarding the significant unobservable inputs used by the Company related to the derivative liability	The following table provides quantitative information regarding the significant unobservable inputs used by the Company related to the derivative liability: June 30, 2023 December 31, 2022 Term (in years) 3.4 3.9 Risk-free rate 4.41 % 4.11 % Volatility 90.0 % 76.6 %
Schedule of activity of the Level 3 instruments	The following table represents the activity of the Level 3 instruments: Derivative Liability Balance as of December 31, 2022 $ 180 Change in fair value of derivative liability (120) Balance as of June 30, 2023 $ 60

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	6 Months Ended
Property and Equipment, net (Tables)	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Summary of Property and Equipment, net	Property and equipment, net consisted of the following: June 30, 2023 December 31, 2022 Leasehold improvements $ 50,714 $ 50,688 Furniture and fixtures 6,322 6,069 Computer equipment 3,054 5,629 Video equipment 792 792 Total 60,882 63,178 Less: Accumulated depreciation (45,990) (45,404) Net Carrying Value $ 14,892 $ 17,774

Capitalized Software Costs, n_2

Capitalized Software Costs, net (Tables)	6 Months Ended
Capitalized Software Costs, net (Tables)	Jun. 30, 2023
Capitalized Computer Software, Net [Abstract]
Schedule of Capitalized Software Costs	Capitalized software costs, net consisted of the following: June 30, 2023 December 31, 2022 Website and internal-use software $ 83,546 $ 75,871 Less: Accumulated amortization (62,037) (56,612) Net Carrying Value $ 21,509 $ 19,259

Intangible Assets, net (Tables)

Intangible Assets, net (Tables)	6 Months Ended
Intangible Assets, net (Tables)	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets and the Weighted Average Remaining Useful Lives	The following table presents the detail of intangible assets for the periods presented and the weighted average remaining useful lives: June 30, 2023 December 31, 2022 Weighted- Gross Accumulated Net Carrying Weighted- Gross Carrying Accumulated Net Carrying Value Acquired Technology 1 $ 10,600 $ 7,046 $ 3,554 2 $ 10,600 $ 5,279 $ 5,321 Trademarks and Trade Names 13 111,000 12,456 98,544 14 111,000 8,756 102,244 Trademarks and Trade Names Indefinite 1,368 — 1,368 Indefinite 1,368 — 1,368 Customer Relationships 2 17,000 6,729 10,271 3 17,000 4,604 12,396 Total $ 139,968 $ 26,231 $ 113,737 $ 139,968 $ 18,639 $ 121,329
Schedule of Estimated Future Amortization Expense	Estimated future amortization expense as of June 30, 2023 is as follows (in thousands): Remainder of 2023 $ 7,592 2024 13,438 2025 11,296 2026 7,400 2027 7,400 Thereafter 65,243 Total $ 112,369

Debt (Tables)

Debt (Tables)	6 Months Ended
Debt (Tables)	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Net Carrying Amount of the Notes	The net carrying amount of the Notes as of June 30, 2023 and December 31, 2022 was: June 30, 2023 December 31, 2022 Principal outstanding $ 150,000 $ 150,000 Unamortized debt discount and issuance costs (28,337) (31,252) Net carrying value $ 121,663 $ 118,748

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest (Tables)	6 Months Ended
Redeemable Noncontrolling Interest (Tables)	Jun. 30, 2023
Noncontrolling Interest [Abstract]
Schedule of Redeemable Noncontrolling Interest	The table below presents the reconciliation of changes in redeemable noncontrolling interest: 2023 2022 Balance as of January 1, $ — $ 2,294 Allocation of net income — 164 Balance as of March 31, $ — $ 2,458 Allocation of net (income) loss — — Reclassification to permanent equity — (2,458) Balance as of June 30, $ — $ —

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
Stockholders' Equity (Tables)	Jun. 30, 2023
Stockholders' Equity Note [Abstract]
Schedule of Stock Options Activity	A summary of the stock option activity under the Company’s equity incentive plans is presented below: Number of Weighted Weighted Aggregate Balance as of December 31, 2022 3,976 $ 6.20 3.80 $ — Granted 51 0.61 — — Exercised (34) 0.86 — — Forfeited (132) 5.18 — — Expired (143) 5.05 — — Balance as of June 30, 2023 3,718 $ 6.25 3.11 $ — Expected to vest at June 30, 2023 3,718 $ 6.25 3.11 $ — Exercisable at June 30, 2023 3,235 $ 6.46 2.28 $ —
Schedule of RSU Activity	A summary of Restricted Stock Unit (“RSU”) activity is presented below: Shares Weighted Average Grant- Outstanding as of December 31, 2022 7,495 $ 3.59 Granted 8,819 0.63 Vested (2,052) 4.03 Forfeited (1,264) 4.60 Outstanding as of June 30, 2023 12,998 $ 1.41
Summary of Stock-Based Compensation Expense	The following table summarizes stock-based compensation cost included in the condensed consolidated statements of operations: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Cost of revenue, excluding depreciation and amortization $ 255 $ 2,695 $ 611 $ 3,155 Sales and marketing 318 1,391 887 2,113 General and administrative 1,612 3,782 2,154 6,380 Research and development 1 72 3,416 (273) 3,576 Total $ 2,257 $ 11,284 $ 3,379 $ 15,224 _________________________________

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
Net Loss Per Share (Tables)	Jun. 30, 2023
Earnings Per Share [Abstract]
Summary of Computation of Basic and Diluted Income (Loss) Per Share	The table below presents the computation of basic and diluted net loss per share: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Numerator: Net loss $ (27,836) $ (23,581) $ (64,097) $ (68,147) Net income attributable to the redeemable noncontrolling interest — — — 164 Net income (loss) attributable to noncontrolling interests — 184 (260) 348 Net loss attributable to holders of Class A, Class B, and Class C common stock $ (27,836) $ (23,765) (63,837) (68,659) Denominator: Weighted average common shares outstanding, basic and diluted 141,950 137,381 141,330 136,906 Net loss per common share, basic and diluted $ (0.20) $ (0.17) $ (0.45) $ (0.50)
Summary of Shares Excluded from the Computation of Diluted Loss Per Share	The table below presents the details of securities that were excluded from the calculation of diluted net income (loss) per share as the effect would have been anti-dilutive: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Stock options 3,718 4,235 3,718 4,235 Restricted stock units 12,998 5,958 12,998 3,546 Warrants 9,876 9,876 9,876 9,876 Convertible notes 12,000 12,000 12,000 12,000

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
Income Taxes (Tables)	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Provision (Benefit) for Income Taxes	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Income tax (benefit) provision $ (37) $ 1,796 $ 110 $ 2,146 Effective tax rate 0.1 % (8.2) % (0.2) % (3.3) %

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Jun. 30, 2023
Leases [Abstract]
Schedule of Lease Costs	The following illustrates the lease costs for the three and six months ended June 30, 2023 and 2022: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Operating lease cost $ 7,615 $ 7,571 $ 15,062 $ 15,168 Sublease income (3,894) (1,835) (7,852) (3,670) Total lease cost $ 3,721 $ 5,736 $ 7,210 $ 11,498
Schedule of Right-of-Use Assets and Lease Liabilities	The following amounts were recorded in the Company’s condensed consolidated balance sheet related to operating leases: June 30, 2023 December 31, 2022 Assets Right-of-use assets $ 56,537 $ 66,581 Liabilities Current lease liabilities 22,016 23,398 Noncurrent lease liabilities 49,036 59,315 Total lease liabilities $ 71,052 $ 82,713
Schedule of Supplemental Cash Flow Information and Additional Information	Other information related to leases was as follows: Six Months Ended Six Months Ended Supplemental cash flow information: Cash paid for amounts included in measurement of lease liabilities: Operating cash flows for operating lease liabilities 16,905 16,926 June 30, 2023 December 31, 2022 Weighted average remaining lease term (years) 3.1 3.4 Weighted average discount rate 13.81 % 13.76 %
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities as of June 30, 2023 were as follows: Year Operating Leases Remainder of 2023 $ 15,954 2024 28,238 2025 25,633 2026 13,062 2027 2,724 Thereafter 1,361 Total lease payments 86,972 Less: imputed interest (15,920) Total $ 71,052
Schedule of Sublease Receipts to be Received in the Future	Sublease receipts to be received in the future under noncancelable subleases as of June 30, 2023 were as follows: Year Amount Remainder of 2023 $ 7,842 2024 15,538 2025 15,538 2026 4,886 2027 178 Thereafter — Total $ 43,982

Supplemental Disclosures (Table

Supplemental Disclosures (Tables)	6 Months Ended
Supplemental Disclosures (Tables)	Jun. 30, 2023
Supplemental Disclosures [Abstract]
Schedule Of Film Costs	Film costs, which were included in Prepaid and other assets on the condensed consolidated balance sheets, were as follows: June 30, 2023 December 31, 2022 Individual Monetization: Feature films in production $ 2,099 $ — Total $ 2,099 $ —
Schedule of Supplemental Cash Flow Information	Six Months Ended June 30, 2023 2022 Cash paid for income taxes, net $ 984 $ 2,059 Cash paid for interest 8,753 7,818 Non-cash investing and financing activities: Accounts payable and accrued expenses related to property and equipment 123 187 Accrued deferred offering costs 425 —

Other Expense, Net (Tables)

Other Expense, Net (Tables)	6 Months Ended
Other Expense, Net (Tables)	Jun. 30, 2023
Other Nonoperating Income (Expense) [Abstract]
Schedule of Other expense, net	Other expense, net consisted of the following for the three and six months ended June 30, 2023 and 2022: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Exchange gain (loss) 147 (3,278) 910 (3,501) (Loss) gain on investment (3,590) — (3,590) 1,260 Other expense (234) (182) (587) (393) Other income 2 20 212 56 Total $ (3,675) $ (3,440) $ (3,055) $ (2,578)

Description of the Business - N

Description of the Business - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) segment	Jun. 30, 2022 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 30, 2020 USD ($)
Description of the Business [Line Items]
Number of reportable segments \| segment			1
Net loss	$ 27,836	$ 23,581	$ 64,097	$ 68,147
Cash (used in) provided by operating activities			(7,730)	(3,801)
Cash and cash equivalents	41,300		41,300
Unused borrowing capacity	200		200
Accumulated deficit	133,627	321,086	133,627	321,086	$ 158,366	$ 194,554	$ 332,053	$ 372,587
Accumulated deficit
Description of the Business [Line Items]
Accumulated deficit	(587,026)	$ (390,765)	(587,026)	$ (390,765)	$ (559,190)	(523,063)	$ (367,000)	$ (322,106)
Unsecured convertible notes due 2026
Description of the Business [Line Items]
Aggregate principal amount	150,000		150,000
Revolving Credit Facility
Description of the Business [Line Items]
Unused borrowing capacity	200		200			$ 1,000
Maximum borrowing capacity									$ 50,000
Debt instrument, covenants, liquidity threshold	$ 25,000		$ 25,000						$ 25,000
CM Partners, LLC
Description of the Business [Line Items]
Percentage of membership interests acquired	100%		100%

Acquisitions and Dispositions -

Acquisitions and Dispositions - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2023	Dec. 03, 2021
Business Acquisition [Line Items]
Identifiable intangible assets acquired of goodwill	$ 91,632	$ 91,632	$ 188,500
Impairment loss on goodwill	$ 102,300
C Acquisition
Business Acquisition [Line Items]
Percentage of membership interests acquired			100%

Acquisitions and Dispositions_2

Acquisitions and Dispositions - Fair Value of Consideration Exchanged (Details) - C Acquisition $ / shares in Units, $ in Thousands	Dec. 03, 2021 USD ($) $ / shares shares
Business Acquisition [Line Items]
Cash consideration	$ 197,966
Share consideration	96,200
Total consideration	$ 294,166
Class A Common Stock, $0.0001 par value per share
Business Acquisition [Line Items]
Number of shares issued for acquisition (in shares) \| shares	10,000,000
Stock issued price per share (in dollars per share) \| $ / shares	$ 9.62
C Acquisition Purchase Agreement
Business Acquisition [Line Items]
Total consideration	$ 200,000

Acquisitions and Dispositions_3

Acquisitions and Dispositions - Purchase Price Allocation for the Assets Acquired and Liabilities Assumed (Details) - C Acquisition - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 03, 2021
Business Acquisition [Line Items]
Cash	$ 2,881
Accounts receivable	22,592
Prepaid and other current assets	18,108
Property and equipment	317
Intangible assets	119,100
Goodwill	188,482
Accounts payable	(2,661)
Accrued expenses	(13,122)
Accrued compensation	(12,518)
Deferred revenue	(5,903)
Deferred tax liabilities	(21,642)
Other liabilities	(1,468)
Total consideration for Complex Networks	$ 294,166
Preliminary
Business Acquisition [Line Items]
Cash		$ 2,881
Accounts receivable		22,581
Prepaid and other current assets		17,827
Property and equipment		332
Intangible assets		119,100
Goodwill		189,391
Accounts payable		(2,661)
Accrued expenses		(12,319)
Accrued compensation		(12,867)
Deferred revenue		(5,855)
Deferred tax liabilities		(22,776)
Other liabilities		(1,468)
Total consideration for Complex Networks		294,166
Measurement Period Adjustments
Business Acquisition [Line Items]
Cash		0
Accounts receivable		11
Prepaid and other current assets		281
Property and equipment		(15)
Intangible assets		0
Goodwill		(909)
Accounts payable		0
Accrued expenses		(803)
Accrued compensation		349
Deferred revenue		(48)
Deferred tax liabilities		1,134
Other liabilities		0
Total consideration for Complex Networks		$ 0

Acquisitions and Dispositions_4

Acquisitions and Dispositions - Estimated Fair Value of Each of the Identifiable Intangible Assets (Details) $ in Thousands	Dec. 03, 2021 USD ($)
Trademarks & tradenames
Acquired Finite-Lived Intangible Assets [Line Items]
Asset Fair Value	$ 97,000
Weighted Average Useful Life (Years)	15 years
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Asset Fair Value	$ 17,000
Weighted Average Useful Life (Years)	4 years
Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Asset Fair Value	$ 5,100
Weighted Average Useful Life (Years)	3 years

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue Recognition
Revenue	$ 77,901	$ 106,760	$ 145,054	$ 198,318
United States
Revenue Recognition
Revenue	73,292	94,152	135,893	177,252
International
Revenue Recognition
Revenue	4,609	12,608	9,161	21,066
Advertising
Revenue Recognition
Revenue	35,397	53,224	69,645	101,892
Content
Revenue Recognition
Revenue	31,479	40,284	53,097	72,563
Commerce and other
Revenue Recognition
Revenue	$ 11,025	$ 13,252	$ 22,312	$ 23,863

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract assets	$ 7,900	$ 12,100
Deferred revenue	6,355	$ 8,836
Revenue recognized	5,100
Transaction price allocated to the remaining performance obligations	$ 2,800
Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected recognized period (in years)	4 years
Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected recognized period (in years)	1 year

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Liabilities:
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Derivative liability	Derivative liability
Fair Value, Recurring
Assets
Cash equivalents:	$ 25,108	$ 1,154
Liabilities:
Derivative liability	60	180
Other non-current liabilities:
Total	653	575
Fair Value, Recurring \| Money Market Funds
Assets
Cash equivalents:	25,108	1,154
Fair Value, Recurring \| Level 1
Assets
Cash equivalents:	25,108	1,154
Liabilities:
Derivative liability	0	0
Other non-current liabilities:
Total	587	384
Fair Value, Recurring \| Level 1 \| Money Market Funds
Assets
Cash equivalents:	25,108	1,154
Fair Value, Recurring \| Level 2
Assets
Cash equivalents:	0	0
Liabilities:
Derivative liability	0	0
Other non-current liabilities:
Total	6	11
Fair Value, Recurring \| Level 2 \| Money Market Funds
Assets
Cash equivalents:	0	0
Fair Value, Recurring \| Level 3
Assets
Cash equivalents:	0	0
Liabilities:
Derivative liability	60	180
Other non-current liabilities:
Total	60	180
Fair Value, Recurring \| Level 3 \| Money Market Funds
Assets
Cash equivalents:	0	0
Fair Value, Recurring \| Public Warrants
Other non-current liabilities:
Other non-current liabilities	587	384
Fair Value, Recurring \| Public Warrants \| Level 1
Other non-current liabilities:
Other non-current liabilities	587	384
Fair Value, Recurring \| Public Warrants \| Level 2
Other non-current liabilities:
Other non-current liabilities	0	0
Fair Value, Recurring \| Public Warrants \| Level 3
Other non-current liabilities:
Other non-current liabilities	0	0
Fair Value, Recurring \| Private Warrants
Other non-current liabilities:
Other non-current liabilities	6	11
Fair Value, Recurring \| Private Warrants \| Level 1
Other non-current liabilities:
Other non-current liabilities	0	0
Fair Value, Recurring \| Private Warrants \| Level 2
Other non-current liabilities:
Other non-current liabilities	6	11
Fair Value, Recurring \| Private Warrants \| Level 3
Other non-current liabilities:
Other non-current liabilities	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($)	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment owned, balance (in shares)	6,000
Carrying value of the investment in equity securities without a readily determinable fair value	$ 0	$ 3,600,000
Prepaid Expenses and Other Current Assets
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Carrying value of the investment in equity securities without a readily determinable fair value	$ 0		$ 3,600,000
Public Warrants
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Exercise price per share (in dollars per share)	$ 0.06		$ 0.04

Fair Value Measurements - Signi

Fair Value Measurements - Significant Unobservable Inputs Related to the Derivative Liability (Details) - item	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Term (in years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Term (in years)	3 years 10 months 24 days	3 years 4 months 24 days
Risk-free rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input		0.0441	0.0411
Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input		0.900	0.766

Fair Value Measurements - Activ

Fair Value Measurements - Activity of the Level 3 Instruments (Details) - Level 3 $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	$ 180
Change in fair value of derivative liability	(120)
Ending balance	$ 60

Property and Equipment, net (De

Property and Equipment, net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 60,882		$ 60,882		$ 63,178
Less: Accumulated depreciation	(45,990)		(45,990)		(45,404)
Net Carrying Value	14,892		14,892		17,774
Depreciation	1,700	$ 2,600	3,400	$ 5,000
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	50,714		50,714		50,688
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	6,322		6,322		6,069
Computer equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,054		3,054		5,629
Video equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 792		$ 792		$ 792

Capitalized Software Costs, n_3

Capitalized Software Costs, net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Less: Accumulated amortization	$ (26,231)		$ (26,231)		$ (18,639)
Total	112,369		112,369
Amount of capitalized internal used software	3,700	$ 3,100	7,700	$ 6,600
Capitalized computer software, amortization	2,500	$ 2,300	5,400	$ 4,500
Computer Software, Intangible Asset
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Website and internal-use software	83,546		83,546		75,871
Less: Accumulated amortization	(62,037)		(62,037)		(56,612)
Total	$ 21,509		$ 21,509		$ 19,259

Intangible Assets, net (Details

Intangible Assets, net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Intangible Assets, net (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Gross Carrying Value	$ 139,968		$ 139,968		$ 139,968
Accumulated Amortization	26,231		26,231		18,639
Net Carrying Value	113,737		113,737		121,329
Depreciation and amortization expense associated with intangible assets	3,800	$ 3,800	7,600	$ 7,600
Trademarks & tradenames
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Indefinite-lived intangible assets	$ 1,368		$ 1,368		$ 1,368
Acquired Technology
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Weighted- Average Remaining Useful Lives (in years)	1 year		1 year		2 years
Gross Carrying Value	$ 10,600		$ 10,600		$ 10,600
Accumulated Amortization	7,046		7,046		5,279
Net Carrying Value	$ 3,554		$ 3,554		$ 5,321
Trademarks & tradenames
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Weighted- Average Remaining Useful Lives (in years)	13 years		13 years		14 years
Gross Carrying Value	$ 111,000		$ 111,000		$ 111,000
Accumulated Amortization	12,456		12,456		8,756
Net Carrying Value	$ 98,544		$ 98,544		$ 102,244
Customer relationships
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Weighted- Average Remaining Useful Lives (in years)	2 years		2 years		3 years
Gross Carrying Value	$ 17,000		$ 17,000		$ 17,000
Accumulated Amortization	6,729		6,729		4,604
Net Carrying Value	$ 10,271		$ 10,271		$ 12,396

Intangible Assets, net - Estima

Intangible Assets, net - Estimated Future Amortization (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Rolling Maturity [Abstract]
Remainder of 2023	$ 7,592
2024	13,438
2025	11,296
2026	7,400
2027	7,400
Thereafter	65,243
Total	$ 112,369

Debt - Narrative (Details)

Debt - Narrative (Details)					2 Months Ended	3 Months Ended			6 Months Ended		12 Months Ended
Debt - Narrative (Details)	Sep. 01, 2023	Jun. 29, 2023 USD ($)	Dec. 15, 2022 USD ($)	Dec. 30, 2020 USD ($)	Aug. 31, 2023	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2021 USD ($)	Jun. 30, 2023 USD ($) d	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) shares	Jun. 30, 2021 USD ($) $ / shares
Debt Instrument [Line Items]
Issuance of letter of credit									$ 2,128,000	$ 5,000,000
Debt issuance cost			$ 200,000
Outstanding borrowings						$ 155,979,000			155,979,000		$ 152,253,000
Unused borrowing capacity						200,000			$ 200,000
Convertible Notes
Debt Instrument [Line Items]
Aggregate principal amount												$ 150,000,000
Interest rate												8.50%
Shares convertible (in shares) \| shares											12,000,000
Initial conversion price (in dollars per share) \| $ / shares												$ 12.50
Volume-weighted average trading price as percentage of conversion price									130%
Number of trading days \| d									20
Number of consecutive trading days \| d									30
Term for calculating amount of interest declining ratably									1 year
Term for calculating amount of interest on the aggregate principal amount									3 years
Repurchase price as percentage of par plus accrued and unpaid interest									101%
Derivative liability						$ 31,600,000			$ 31,600,000
Effective interest rate						15%			15%
Interest expense						$ 4,800,000	$ 4,600,000		$ 9,300,000	8,900,000
Amortization of debt discount and issuance costs						1,600,000	$ 1,400,000		3,000,000	$ 2,500,000
Fair value of the notes						104,400,000			$ 104,400,000		$ 99,800,000
Convertible Notes \| Debt Conversion Terms One
Debt Instrument [Line Items]
Term for calculating amount of interest declining ratably									18 months
Term for calculating amount of interest on the aggregate principal amount									12 months
Convertible Notes \| Debt Conversion Terms Two
Debt Instrument [Line Items]
Term for calculating amount of interest declining ratably									12 months
Term for calculating amount of interest on the aggregate principal amount									0 days
Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument term				3 years
Maximum borrowing capacity				$ 50,000,000
Percentage of qualifying investment grade accounts receivable				95%
Percentage of qualifying non-investment grade accounts receivable				90%
Debt issuance cost		$ 200,000				500,000			$ 500,000		400,000
Debt instrument, overadvance, maximum		$ 7,400,000
Debt instrument, covenants, liquidity threshold				$ 25,000,000		25,000,000			25,000,000
Outstanding borrowings						34,300,000			34,300,000		33,500,000
Letter of credit outstanding						15,500,000			15,500,000		15,500,000
Unused borrowing capacity						200,000			$ 200,000		$ 1,000,000
Revolving Credit Facility \| Minimum
Debt Instrument [Line Items]
Early termination fee, percentage			0.50%
Margin rate, percentage		4.50%
Revolving Credit Facility \| Minimum \| Forecast
Debt Instrument [Line Items]
Margin rate, percentage	3.75%				4.50%
Revolving Credit Facility \| Maximum
Debt Instrument [Line Items]
Early termination fee, percentage			2%
Margin rate, percentage		5%
Revolving Credit Facility \| Maximum \| Forecast
Debt Instrument [Line Items]
Margin rate, percentage	4.25%				5%
Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Margin rate, percentage									9%
Debt instrument floor rate									0.75%
Minimum monthly average utilization of debt						$ 15,000,000			$ 15,000,000
Percentage of fee on unused commitments									0.375%
Standby letters of credit
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 15,500,000
Issuance of letter of credit								$ 15,500,000

Debt - Schedule of Net Carrying

Debt - Schedule of Net Carrying Amount (Details) - Convertible Notes - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Principal outstanding	$ 150,000	$ 150,000
Unamortized debt discount and issuance costs	(28,337)	(31,252)
Net carrying value	$ 121,663	$ 118,748

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interest - Schedule of Redeemable Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Redeemable Noncontrolling Interest [Roll Forward]
Beginning balance	$ 0	$ 0	$ 2,458	$ 2,294	$ 0	$ 2,294
Allocation of net income	0	0	0	(164)	0	(164)
Reclassification to permanent equity	0		(2,458)
Ending balance	$ 0	$ 0	$ 0	$ 2,458	$ 0	$ 0

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) $ / shares in Units, $ in Thousands				3 Months Ended	6 Months Ended
	Jun. 30, 2023 USD ($) vote $ / shares shares	Jun. 20, 2023 shares	Mar. 21, 2023 USD ($)	Jun. 30, 2023 USD ($) vote $ / shares shares	Jun. 30, 2023 USD ($) vote $ / shares shares	Jun. 30, 2022 USD ($)	Dec. 31, 2022 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Preferred stock, shares authorized (in shares)	50,000,000			50,000,000	50,000,000
Preferred stock, par value per share (in dollars per share) \| $ / shares	$ 0.0001			$ 0.0001	$ 0.0001
Preferred stock, shares issued (in shares)	0			0	0		0
Preferred stock, shares outstanding (in shares)	0			0	0		0
Sale of stock, maximum equity issuable \| $			$ 150,000
Proceeds from the issuance of common stock in connection with at-the-market offering, net of issuance costs \| $					$ 765	$ 0
ATM Offering Agreement
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Sale of stock, equity distribution agreement, maximum offering, shares (in shares)		13,266,011
Number of shares issued (in shares)	1,715,617			1,716,000
Shares issued, price per share (in dollars per share) \| $ / shares	$ 0.52			$ 0.52	$ 0.52
Proceeds from the issuance of common stock in connection with at-the-market offering, net of issuance costs \| $	$ 800
Sale of stock, equity distribution agreement, remaining shares available (in shares)	11,550,394
Stock options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based payment arrangement, nonvested award, cost not yet recognized, amount \| $	$ 1,000			$ 1,000	$ 1,000
Weighted-average remaining requisite service period					1 year 2 months 12 days
Restricted stock units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation costs \| $	$ 12,600			$ 12,600	$ 12,600
Class A Common Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, shares authorized (in shares)	700,000,000			700,000,000	700,000,000		700,000,000
Common stock, par value (in dollars per share) \| $ / shares	$ 0.0001			$ 0.0001	$ 0.0001		$ 0.0001
Common shares, votes per share \| vote	1			1	1
Class B Common Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, shares authorized (in shares)	20,000,000			20,000,000	20,000,000		20,000,000
Common stock, par value (in dollars per share) \| $ / shares	$ 0.0001			$ 0.0001	$ 0.0001		$ 0.0001
Common shares, votes per share \| vote	50			50	50
Class C Common Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, shares authorized (in shares)	10,000,000			10,000,000	10,000,000		10,000,000
Common stock, par value (in dollars per share) \| $ / shares	$ 0.0001			$ 0.0001	$ 0.0001		$ 0.0001
Common shares, votes per share \| vote	0			0	0

Stockholders' Equity - Summary

Stockholders' Equity - Summary of the Share Activity Under the 2015 Plan (Details) - 2015 Equity Incentive Plan - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Number of Shares
Outstanding at the beginning (in shares)	3,976	3,976
Granted (in shares)		51
Exercised (in shares)		(34)
Forfeited (in shares)		(132)
Expired (in shares)		(143)
Outstanding at the end (in shares)		3,718
Expected to vest (in shares)		3,718
Exercisable (in shares)		3,235
Weighted Average Exercise Price
Outstanding at the beginning (in dollars per share)	$ 6.20	$ 6.20
Granted (in dollars per share)		0.61
Exercised (in dollars per share)		0.86
Forfeited (in dollars per share)		5.18
Expired (in dollars per share)		5.05
Outstanding at the end (in dollars per share)		6.25
Expected to vest (in dollars per share)		6.25
Exercisable (in dollars per share)		$ 6.46
Weighted Average Remaining Term
Weighted Average Remaining Term (in years)	3 years 9 months 18 days	3 years 1 month 9 days
Vested and expected to vest (in years)		3 years 1 month 9 days
Exercisable (in years)		2 years 3 months 10 days
Aggregate Intrinsic Value
Outstanding		$ 0	$ 0
Expected to vest		0
Exercisable		$ 0

Stockholders' Equity - Summar_2

Stockholders' Equity - Summary of the Restricted Stock Unit Activity (Details) - Restricted stock units shares in Thousands	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Shares
Outstanding at the beginning (in shares) \| shares	7,495
Granted (in shares) \| shares	8,819
Vested (in shares) \| shares	(2,052)
Forfeited (in shares) \| shares	(1,264)
Outstanding at the end (in shares) \| shares	12,998
Weighted Average Grant- Date Fair Value
Outstanding at the beginning (in dollars per share) \| $ / shares	$ 3.59
Granted (in dollars per share) \| $ / shares	0.63
Vested (in dollars per share) \| $ / shares	4.03
Forfeited (in dollars per share) \| $ / shares	4.60
Outstanding at the end (in dollars per share) \| $ / shares	$ 1.41

Stockholders' Equity - Stock-Ba

Stockholders' Equity - Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation costs	$ 2,257	$ 11,284	$ 3,379	$ 15,224
Cost of revenue, excluding depreciation and amortization
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation costs	255	2,695	611	3,155
Sales and marketing
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation costs	318	1,391	887	2,113
General and administrative
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation costs	1,612	3,782	2,154	6,380
Research and development
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized compensation costs	$ 72	$ 3,416	$ (273)	$ 3,576

Net Loss Per Share - Computatio

Net Loss Per Share - Computation of Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net loss	$ (27,836)		$ (23,581)		$ (64,097)	$ (68,147)
Net income attributable to the redeemable noncontrolling interest	0	$ 0	0	$ 164	0	164
Net income (loss) attributable to noncontrolling interests	$ 0		$ 184		(260)	348
Net loss attributable to holders of Class A, Class B, and Class C common stock					$ (63,837)	$ (68,659)
Denominator:
Weighted average common shares outstanding, basic (in shares)	141,950		137,381		141,330	136,906
Weighted average common shares outstanding, diluted (in shares)	141,950		137,381		141,330	136,906
Net loss per common share, basic (in dollars per share)	$ (0.20)		$ (0.17)		$ (0.45)	$ (0.50)
Net loss per common share, diluted (in dollars per share)	$ (0.20)		$ (0.17)		$ (0.45)	$ (0.50)

Net Loss Per Share - Calculatio

Net Loss Per Share - Calculation of diluted loss per share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the computation of diluted loss per share, as their effect would be anti-dilutive (in shares)	3,718	4,235	3,718	4,235
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the computation of diluted loss per share, as their effect would be anti-dilutive (in shares)	12,998	5,958	12,998	3,546
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the computation of diluted loss per share, as their effect would be anti-dilutive (in shares)	9,876	9,876	9,876	9,876
Convertible notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the computation of diluted loss per share, as their effect would be anti-dilutive (in shares)	12,000	12,000	12,000	12,000

Net Loss Per Share - Narrative

Net Loss Per Share - Narrative (Details) shares in Millions	3 Months Ended
Net Loss Per Share - Narrative (Details) shares in Millions	Jun. 30, 2022 shares
Restricted stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Diluted net loss per share, as their effect would be anti-dilutive (in shares)	2.4

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Benefit and Effective Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income tax (benefit) provision	$ (37)	$ 1,796	$ 110	$ 2,146
Effective tax rate	0.10%	(8.20%)	(0.20%)	(3.30%)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	6 Months Ended
Income Taxes - Narrative (Details)	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
U.S. federal statutory income tax rate	21%	21%

Restructuring Costs - Narrative

Restructuring Costs - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2022	Apr. 20, 2023
Restructuring Cost and Reserve [Line Items]
Reduction in workforce, percentage				15%
Restructuring charges	$ 9.7
Restructuring and related cost, expected cost remaining	3.4
C Acquisition Purchase Agreement \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 3.5	$ 5.3
Cost of revenue, excluding depreciation and amortization \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges			4.4
Cost of revenue, excluding depreciation and amortization \| C Acquisition Purchase Agreement \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges		3.1
Cost of revenue, excluding depreciation and amortization \| 2023 Workforce Reduction \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges	5.5
Sales and marketing \| C Acquisition Purchase Agreement \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0.1	0.3
Sales and marketing \| 2023 Workforce Reduction \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2.8
General and administrative \| C Acquisition Purchase Agreement \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges		0.2	0.5
General and administrative \| 2023 Workforce Reduction \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0.6
Research and development \| C Acquisition Purchase Agreement \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 0.1	$ 0.1
Research and development \| 2023 Workforce Reduction \| Employee Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 0.8

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
Leases - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Operating Leased Assets [Line Items]
Fixed monthly rent for sublease	$ 800
Borrowings on Revolving Credit Facility	2,128	$ 5,000
Letter of Credit
Operating Leased Assets [Line Items]
Borrowings on Revolving Credit Facility	$ 4,500

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Operating Leased Assets [Line Items]
Operating lease cost		$ 7,571	$ 15,062	$ 15,168
Sublease income		(1,835)	(7,852)	(3,670)
Total lease cost		$ 5,736	$ 7,210	$ 11,498
General and administrative
Operating Leased Assets [Line Items]
Operating lease cost	$ 7,615
Sublease income	(3,894)
Total lease cost	$ 3,721

Leases - Schedule of Right-Of-U

Leases - Schedule of Right-Of-Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets
Right-of-use assets	$ 56,537	$ 66,581
Liabilities
Current lease liabilities	22,016	23,398
Noncurrent lease liabilities	49,036	59,315
Total lease liabilities	$ 71,052	$ 82,713

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information and Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows for operating lease liabilities	$ 16,905	$ 16,926
Weighted average remaining lease term (years)	3 years 1 month 6 days		3 years 4 months 24 days
Weighted average discount rate	13.81%		13.76%

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Remainder of 2023	$ 15,954
2024	28,238
2025	25,633
2026	13,062
2027	2,724
Thereafter	1,361
Total lease payments	86,972
Less: imputed interest	(15,920)
Total lease liabilities	$ 71,052	$ 82,713

Leases - Schedule of Sublease R

Leases - Schedule of Sublease Receipts to be Received Under Noncancellable Subleases (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Leases [Abstract]
Remainder of 2023	$ 7,842
2024	15,538
2025	15,538
2026	4,886
2027	178
Thereafter	0
Total	$ 43,982

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ / shares in Units, $ in Millions	Mar. 15, 2022 individual arbitration	Jun. 30, 2023 USD ($)	May 31, 2023 $ / shares	Oct. 31, 2020 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Maximum amount of new guarantee under lease agreement \| $		$ 0.3		$ 5.4
Number of mass arbitrations \| arbitration	2
Number of plaintiffs \| individual	91
Consecutive trading days, suspension from trading or the delisting of common stock			30 days
Share price, threshold for delisting (in dollars per share) \| $ / shares			$ 1
Initial period, suspension from trading or the delisting of common stock			180 days
Consecutive trading days, before compliance date, suspension from trading or the delisting of common stock			10 days
Second period, suspension from trading or the delisting of common stock			180 days

Segment Information - Narrative

Segment Information - Narrative (Details)	6 Months Ended
Segment Information - Narrative (Details)	Jun. 30, 2023 segment
Segment Reporting [Abstract]
Number of operating segments	1

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($)		3 Months Ended		6 Months Ended
Related Party Transactions - Narrative (Details) - USD ($)	Mar. 15, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Revenue from related parties		$ 77,901,000	$ 106,760,000	$ 145,054,000	$ 198,318,000
Accounts receivable, related party		70,855,000		70,855,000		$ 116,460,000
Accounts payable		37,294,000		37,294,000		29,329,000
Related Party
Related Party Transaction [Line Items]
Related party transaction, amounts of transaction		0	200,000
Related Party \| NBCUniversal Media, LLC
Related Party Transaction [Line Items]
Revenue from related parties		200,000	1,700,000	700,000	2,200,000
Related party transaction, amounts of transaction				0	400,000
Accounts payable		200,000		200,000		0
Other Receivables, Net, Current		200,000		200,000		$ 2,200,000
Related Party \| Verizon Ventures LLC
Related Party Transaction [Line Items]
Revenue from related parties		0		0
Related party transaction, amounts of transaction		$ 1,500,000	$ 1,500,000	$ 3,000,000	$ 3,000,000
Verizon Ventures LLC \| Buzzfeed \| Verizon Ventures LLC
Related Party Transaction [Line Items]
Percentage of common stock owned by related party	5%
Common Stock \| Verizon Ventures LLC
Related Party Transaction [Line Items]
Conversion of stock, shares converted (in shares)	6,478,031

Supplemental Disclosures - Sche

Supplemental Disclosures - Schedule of Film Costs (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Individual Monetization:
Feature films in production	$ 2,099	$ 0
Total	$ 2,099	$ 0

Supplemental Disclosures - Film

Supplemental Disclosures - Film Costs (Additional Information) (Details) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Jun. 30, 2023
Supplemental Disclosures [Abstract]
Increase (decrease) in film costs	$ 1,500,000	$ 0
Film costs, production tax credit, receivable		$ 3,000,000

Supplemental Disclosures - Supp

Supplemental Disclosures - Supplemental Cash Flow Disclosures (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Supplemental Disclosures [Abstract]
Cash paid for income taxes, net	$ 984	$ 2,059
Cash paid for interest	8,753	7,818
Non-cash investing and financing activities:
Accounts payable and accrued expenses related to property and equipment	123	187
Accrued deferred offering costs	$ 425	$ 0

Other Expense, Net (Details)

Other Expense, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Other Expense, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Other Nonoperating Income (Expense) [Abstract]
Exchange gain (loss)	$ 147	$ (3,278)	$ 910	$ (3,501)
(Loss) gain on investment	(3,590)	0	(3,590)	1,260
Other expense	(234)	(182)	(587)	(393)
Other income	2	20	212	56
Total	$ (3,675)	$ (3,440)	$ (3,055)	$ (2,578)