The following is a summary of the BuzzFeed, Inc. (BZFD) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Q3 revenue grew 7% year-over-year to $64 million, driven by strong performances in Programmatic Advertising and Affiliate Commerce.

• Adjusted EBITDA was $11 million, significantly higher than the nearly breakeven point last year.

• Cash balance improved by $8 million versus Q2, totaling $54 million.

Business Progress:

• Sold Complex to raise significant cash for debt reduction and restructuring, focusing business on high-margin areas like Programmatic Advertising and Affiliate Commerce.

• Achieved year-over-year growth in audience time spent, with significant increases in Programmatic Advertising and Affiliate Commerce revenue.

Opportunities:

• Continued growth in Programmatic Advertising and Affiliate Commerce offers significant revenue-generating potential.

Risks:

• No explicit risks detected.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.