BuzzFeed sales jumped 51% last quarter to $89 million on gains in advertising and commerce as the digital media publisher prepares to go public via a SPAC merger and acquire another company, Complex Networks.Ad revenue increased 79% to $48 million, driven by higher pricing on programmatic and an increase in the total number of impressions sold.
Commerce coin increased 82% to $17 million. And content revenue nosed up 5% to $24 million, reflecting the recovery from the impact of Covid-19, the company said.
The updated numbers were filed with the SEC as part of its proposed merger announced in June with a special purpose acquisition company called 890 Fifth Avenue Partners in tandem with plans to buy Complex Networks from Verizon and Hearst.Th
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.