Form 8-K

8-K — BuzzFeed, Inc.

Accession: 0001828972-26-000130

Filed: 2026-08-04

Period: 2026-08-04

CIK: 0001828972

SIC: 4899 (COMMUNICATION SERVICES, NEC)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — bzfd-20260804.htm (Primary)

EX-99.1 (exhibit991q22026earnings.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: bzfd-20260804.htm · Sequence: 1

bzfd-20260804

0001828972FALSE00018289722026-08-042026-08-040001828972bzfd:ClassCommonStock0.0001ParValuePerShareMember2026-08-042026-08-040001828972bzfd:RedeemableWarrantsEachWholeWarrantExercisableForOneShareOfClassCommonStockAtExercisePriceOf11.50PerShareMember2026-08-042026-08-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): August 4, 2026

BuzzFeed, Inc.

(Exact name of registrant as specified in its charter)

Delaware 001-39877 85-3022075

(State or other jurisdiction of

incorporation or organization) (Commission

File Number) (I.R.S. Employer

Identification Number)

50 West 23rd Street

New York, New York 10010

(Address of registrant’s principal executive offices, and zip code)

(646) 397-2039

(Registrant’s telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Class A Common Stock, $0.0001 par value per share BZFD The Nasdaq Stock Market LLC

Redeemable warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of approximately $46.00 per share BZFDW The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations and Financial Condition.

On August 4, 2026, BuzzFeed, Inc. (the “Company”), issued a press release (the “Press Release”) announcing its financial results for the quarter ended June 30, 2026. The Company also announced that it would be holding a conference call on August 4, 2026 to discuss its financial results. A copy of the Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information included under Item 2.02 of this Current Report on Form 8-K and the exhibits hereto are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it been deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

The following Exhibits are filed as part of this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number Description

99.1

Press Release Dated August 4, 2026.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: 8/4/2026

BuzzFeed, Inc.

By: /s/ Matthew Omer

Name: Matthew Omer

Title: Chief Financial Officer

EX-99.1

Filename: exhibit991q22026earnings.htm · Sequence: 2

Document

BUZZFEED, INC. REPORTS Q2 2026 FINANCIAL RESULTS

NEW YORK – August 4, 2026 – BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) today announced its financial results for the quarter ended June 30, 2026.

“BuzzFeed, Tasty, and HuffPost are strong, recognizable brands that have loyal users, but we made it clear on our last earnings call that these businesses were carrying an unsustainable cost structure, and a restructure was immediately needed,” said Byron Allen, BuzzFeed Chairman and CEO. “As such, we recently took steps to significantly reduce costs to better align our cost base with the underlying business, giving us the foundation to grow. I’m also excited to share that BuzzFeed has entered into a sales representation agreement with Allen Media Group (“AMG”), engaging AMG’s sales organization to expand monetization of BuzzFeed’s advertising inventory and give brands and agencies another point of entry to build campaigns spanning premium television, streaming, local broadcast, and digital-first media. I’m energized by what we’re building at BuzzFeed, and by the path we’re now on towards sustainable profitability, positive cash flow, and disciplined investment in our highest-growth priorities.”

“The changes we’ve made create the opportunity to build BuzzFeed differently,” said Jonah Peretti, President of BuzzFeed AI. “We’re shifting from a traditional publishing model to a true platform – one where our community, creators, and partners actively fuel our content ecosystem. That means a more flexible operating model in editorial, and new AI-supported tools in tech that keep human creativity at the core. This operational discipline gives us runway to innovate, transform, and build our next chapter.”

Second Quarter 2026 Financial Results and Operational Highlights

BuzzFeed delivered Q2 2026 revenues of $36.3 million, declining 21.8% compared to the second quarter of 2025

●Advertising revenue declined 23.4% year-over-year to $17.3 million.

●Content revenue declined 6.5% year-over-year to $10.0 million.

●Commerce and other revenue declined 31.4% year-over-year to $9.0 million.

Net loss was $11.8 million, compared to a net loss of $10.6 million in Q2 2025.

Adjusted EBITDA1 was negative $1.7 million for Q2 2026, compared to positive $2.0 million in Q2 2025.

In Q2 2026, audience Time Spent2 with our content totaled 62.3 million hours, reflecting an approximately 10.8% decline compared to Q2 2025.

Business and Content Highlights

●BuzzFeed, the Company’s largest brand, maintained its position as the #1 brand in total U.S. time spent among any single media brand in its competitive set3, reaching 36.0 million hours in Q2 2026. This significantly outpaced second-place People at 26.4 million hours.

●HuffPost recorded 18.0 million hours in total U.S. time spent in Q2 2026, up 16% from last quarter, significantly outperforming competitors such as Vogue.com (4.1 million hours), The New Yorker (3.6 million hours), New York Magazine (2.6 million hours), Vanity Fair (1.9 million hours), Vox.com (0.9 million hours), and Bustle.com (0.5 million hours).

1As used throughout, Adjusted EBITDA is a non-GAAP financial measure. Refer to “Non-GAAP Financial Measures” below for a description of how it is calculated and the tables at the back of this earnings release for a reconciliation of our GAAP and non-GAAP financial results. Certain figures throughout this document may not foot due to rounding.

2 Refer to the definition of “Time Spent” below.

3 Competitive set includes People.com brand, Condé Nast Digital Group, Vox Media Group, Vogue.com, and Bustle.com.

●Direct visits and internal web and app referrals have taken up 65% of the U.S. traffic on BuzzFeed’s owned and operated properties, an increase from 61% from the prior quarter, reducing the brand’s reliance on distributed platforms and increasing its resilience to platform algorithm changes.

First Half 2026 Results

●Total revenue declined 17.7% to $67.9 million.

●Net loss increased 16.8% to $27.0 million.

●Adjusted EBITDA loss increased by $5.6 million to negative $9.5 million.

Full Year 2026 Financial Outlook

Given the transformation underway, we are focused on full-year operational targets rather than quarterly guidance. As the restructuring and platform transition progresses, we expect to provide investors with a more complete financial outlook.

Quarterly Conference Call

BuzzFeed’s management team will hold a conference call to discuss our second quarter 2026 results today, August 4, at 5 PM ET. The call will be available via webcast at investors.buzzfeed.com under the heading News and Events, and parties interested in participating must register in advance at the same location. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to access the call. While it is not required, it is recommended you join 5 minutes prior to the event start time. A replay of the call will be made available at the same URL.

We have used, and intend to continue to use, the Investor Relations section of our website at investors.buzzfeed.com as a means of disclosing material nonpublic information and for complying with our disclosure obligations under Regulation FD.

Definitions

BuzzFeed reports revenues across three primary business lines: Advertising, Content, and Commerce and other. The definition of “Time Spent” is also set forth below.

●Advertising revenues are primarily generated from advertisers, both programmatically and directly, for ads distributed against our editorial and news content, including display, pre-roll and mid-roll video products. We distribute these ad products across our owned and operated sites as well as third-party platforms, primarily YouTube and Apple News.

●Content revenues are primarily generated from clients for custom assets, including both long-form and short-form content, from branded quizzes to Instagram takeovers to sponsored content. Studio generally includes revenue from films, micro-dramas, content licensing, TV projects, and other projects inspired by BuzzFeed IP.

●Commerce and other revenues consist primarily of affiliate commissions earned on transactions initiated from our editorial shopping content. Revenues from our product licensing businesses are also included here.

●Time Spent captures the time audiences spend engaging with our content across our owned and operated sites, as well as YouTube and Apple News, as measured by Comscore. This metric excludes time spent with our content on platforms for which we have minimal advertising capabilities that contribute to our Advertising revenues, including Instagram, TikTok, Facebook, Snapchat, and X (formerly Twitter). There are inherent challenges in measuring the total actual number of hours spent with our content across all platforms; however, we consider the data reported by Comscore to represent industry-standard estimates of the time actually spent on our largest distribution platforms with our most significant monetization opportunities.

About BuzzFeed, Inc.

BuzzFeed, Inc. is home to the best of the Internet. Across pop culture, entertainment, shopping, food, and news, our brands drive conversation and inspire what audiences watch, read, and buy now — and into the future. Born on the Internet in 2006, BuzzFeed is committed to making it better: providing trusted, quality, brand-safe news and entertainment to hundreds of millions of people; making content on the Internet more inclusive, empathetic, and creative; and inspiring our audience to live better lives.

Non-GAAP Financial Measures

Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures and represent key metrics used by management and our board of directors to measure the operational strength and performance of our business, to establish budgets, and to develop operational goals for managing our business. We define Adjusted EBITDA as net loss, excluding the impact of net income (loss) attributable to noncontrolling interests, income tax provision, interest expense, net, other (income) expense, net, depreciation and amortization, stock-based compensation, change in fair value of warrant liabilities, restructuring costs, amortization of capitalized interest for content, loss on early termination of lease, and other non-cash and non-recurring items that management believes are not indicative of ongoing operations. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenue for the same period.

We believe Adjusted EBITDA and Adjusted EBITDA margin are relevant and useful information for investors because they allow investors to view performance in a manner similar to the method used by our management. There are limitations to the use of Adjusted EBITDA and Adjusted EBITDA margin, and our Adjusted EBITDA and Adjusted EBITDA margin may not be comparable to similarly titled measures of other companies. Other companies, including companies in our industry, may calculate non-GAAP financial measures differently than we do, limiting the usefulness of those measures for comparative purposes.

Adjusted EBITDA and Adjusted EBITDA margin should not be considered a substitute for measures prepared in accordance with GAAP. Reconciliations of non-GAAP financial measures to the most directly comparable financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data.

Forward-Looking Statements

Certain statements in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Our forward-looking statements include, but are not limited to, statements regarding our management team’s expectations, hopes, beliefs, intentions, or strategies regarding the future. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “affect,” “anticipate,” “believe,” “can,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on current expectations and beliefs concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: (1) macroeconomic factors including: adverse economic conditions in the United States and globally, including the potential onset of recession; actual or potential government shutdowns or failure to raise the U.S. federal debt ceiling; current global supply chain disruptions; the ongoing conflicts in the Middle East and between Russia and Ukraine and any related sanctions and geopolitical tensions, and further escalation of trade tensions between the U.S. and its trading partners; tariffs; the inflationary environment; and the competitive labor market; (2) developments relating to our competitors and the digital media industry, including overall demand of advertising in

the markets in which we operate; (3) demand for our products and services or changes in traffic or engagement with our brands and content; (4) changes in the business and competitive environment in which we and our current and prospective partners and advertisers operate; (5) our future capital requirements, including, but not limited to, our ability to obtain additional capital in the future, any restrictions imposed by, or commitments under, agreements governing any future indebtedness, and any restrictions on our ability to access our cash and cash equivalents; (6) developments in the law and government regulation, including, but not limited to, revised foreign content and ownership regulations, and the outcomes of legal proceedings, regulatory disputes, or governmental investigations to which we are subject; (7) the benefits of our restructuring; (8) our success divesting of companies, assets, or brands we sell, or in integrating and supporting the companies we acquire; (9) our success in launching new products or platforms, including any new social media platform; (10) technological developments including artificial intelligence; (11) our success in retaining or recruiting, or changes required in, officers, other key employees or directors; (12) use of content creators and on-camera talent and relationships with third parties managing certain of our branded operations outside of the United States; (13) the security of our information technology systems or data; (14) disruption in our service, or by our failure to timely and effectively scale and adapt our existing technology and infrastructure; (15) our ability to maintain the listing of our Class A common stock and warrants on The Nasdaq Stock Market LLC; (16) risks related to the Company’s liquidity and cash flow, including the ability of the Company to comply with debt service requirements and covenants contained in its credit facility; (17) risks related to the Stock Purchase Agreement and Director Appointment Agreement entered into by the Company with Allen Family Digital, LLC, including potentially adverse impacts on our business, results of operations, and stock price; and (18) those factors described under the sections entitled “Risk Factors” in the Company’s annual and quarterly filings with the Securities and Exchange Commission.

Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. There may be additional risks that we consider immaterial or which are unknown. It is not possible to predict or identify all such risks. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

###

Contacts

Public Relations Contact: pr@buzzfeed.com

Investor Relations Contact: investors@buzzfeed.com

BUZZFEED, INC.

Financial Highlights

(Unaudited, dollars in thousands)

Three Months Ended June 30, % Change

Six Months Ended June 30,

% Change

2026 2025 2026 2025

Advertising $ 17,299 $ 22,589 (23) % $ 34,445 $ 43,976 (22) %

Content 10,003 10,699 (7) % 17,483 15,123 16 %

Commerce and other 8,986 13,106 (31) % 15,932 23,316 (32) %

Total revenue $ 36,288 $ 46,394 (22) % $ 67,860 $ 82,415 (18) %

Loss from operations $ (10,312) $ (3,466) NM $ (23,788) $ (17,208) (38) %

Net loss $ (11,810) $ (10,627) (11) % $ (26,956) $ (23,088) (17) %

Adjusted EBITDA $ (1,727) $ 1,984 NM $ (9,546) $ (3,910) NM

NM: percentage is not meaningful.

BUZZFEED, INC.

Condensed Consolidated Balance Sheets

(Unaudited, dollars and shares in thousands, except per share amounts)

June 30, 2026 (Unaudited) December 31,

2025

Assets

Current assets

Cash and cash equivalents $ 16,299 $ 8,465

Restricted cash 525 15,750

Accounts receivable (net of allowance for credit losses of $206 and $683 as at June 30, 2026 and December 31, 2025, respectively)

29,439 45,496

Prepaid expenses and other current assets 16,710 16,411

Total current assets 62,973 86,122

Property and equipment, net 2,934 4,504

Right-of-use assets 13,775 23,002

Capitalized software costs, net 25,000 24,245

Intangible assets, net 9,552 10,167

Goodwill 13,105 13,105

Film costs, net 18,683 19,397

Noncurrent restricted cash 2,999 3,524

Prepaid expenses and other assets 2,046 4,073

Total assets $ 151,067 $ 188,139

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable $ 16,797 $ 19,548

Accrued expenses 12,538 12,411

Deferred revenue 8,833 7,405

Accrued compensation 8,044 8,305

Current lease liabilities 4,747 12,706

Current debt 8,230 30,524

Other current liabilities 3,203 4,319

Total current liabilities 62,392 95,218

Noncurrent lease liabilities 10,752 14,725

Debt 26,298 27,861

Other liabilities 253 250

Total liabilities 99,695 138,054

Commitments and contingencies

Stockholders’ equity

Class A Common stock, $0.0001 par value; 700,000 shares authorized; 83,301 and 37,857 shares issued; 83,301 and 36,030 shares outstanding at June 30, 2026 and December 31, 2025, respectively

8 3

Class B Common stock, $0.0001 par value; 20,000 shares authorized; 33 and 1,343 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively

— 1

Additional paid-in capital 861,574 735,992

Accumulated deficit (706,517) (679,588)

Accumulated other comprehensive loss (3,887) (3,715)

Treasury stock, at cost, 0 and 1,827 shares at June 30, 2026 and December 31, 2025, respectively — (3,332)

Stock subscription receivable (100,479) —

Total BuzzFeed, Inc. stockholders’ equity 50,699 49,361

Noncontrolling interests 673 724

Total stockholders’ equity 51,372 50,085

Total liabilities and stockholders’ equity $ 151,067 $ 188,139

BUZZFEED, INC.

Condensed Consolidated Statements of Operations

(Unaudited, dollars and shares in thousands, except per share amounts)

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Revenue $ 36,288 $ 46,394 $ 67,860 $ 82,415

Costs and expenses

Cost of revenue, excluding depreciation and amortization 22,786 27,987 45,150 51,479

Sales and marketing 2,751 4,242 6,219 8,500

General and administrative 13,758 10,684 26,942 25,046

Research and development 2,624 2,823 4,958 5,889

Depreciation and amortization 4,681 4,124 8,379 8,709

Total costs and expenses 46,600 49,860 91,648 99,623

Loss from operations (10,312) (3,466) (23,788) (17,208)

Other income (expense), net 196 (5,080) (151) (3,782)

Interest expense, net (1,395) (1,496) (2,932) (2,667)

Change in fair value of warrant liabilities (95) (252) 7 982

Loss before income taxes (11,606) (10,294) (26,864) (22,675)

Income tax provision 204 333 92 413

Net loss (11,810) (10,627) (26,956) (23,088)

Less: net income (loss) attributable to noncontrolling interests 38 193 (27) 403

Net loss attributable to BuzzFeed, Inc. $ (11,848) $ (10,820) $ (26,929) $ (23,491)

Net loss attributable to holders of Class A and Class B common stock:

Basic and diluted $ (11,848) $ (10,820) $ (26,929) $ (23,491)

Net loss per Class A and Class B common share:

Basic and diluted $ (0.22) $ (0.28) $ (0.58) $ (0.61)

Weighted average common shares outstanding:

Basic and diluted 55,089 38,080 46,404 38,380

BUZZFEED, INC.

Condensed Consolidated Statements of Cash Flows

(Unaudited, USD in thousands)

Six Months Ended June 30,

2026 2025

Operating activities:

Net loss $ (26,956) $ (23,088)

Adjustments to reconcile net loss to cash used in operating activities:

Depreciation and amortization 8,379 8,709

Unrealized gain on foreign currency (53) (780)

Stock-based compensation 3,102 2,703

Change in fair value of warrants (7) (982)

Amortization of debt discount and deferred issuance costs 544 6,643

Deferred income tax 29 120

Provision for credit losses (477) (152)

Non-cash portion of early termination on lease 1,259 —

Non-cash lease expense 7,275 9,637

Changes in operating assets and liabilities:

Accounts receivable 16,463 13,787

Prepaid expenses and other current assets and prepaid expenses and other assets (3,746) (3,990)

Film costs 691 —

Accounts payable (2,409) (5,384)

Accrued compensation (239) 45

Accrued expenses, other current liabilities, and other liabilities (1,096) (5,215)

Lease liabilities (9,486) (12,078)

Deferred revenue 1,427 1,270

Cash used in operating activities (5,300) (8,755)

Investing activities:

Capital expenditures (313) (834)

Capitalization of internal-use software (6,890) (6,349)

Business combinations, net of cash acquired — (233)

Proceeds from sale of asset 75 300

Cash used in investing activities (7,128) (7,116)

Financing activities:

Borrowings from Term Loan — 39,175

Borrowings from film financing arrangements 621 2,402

Proceeds from co-financing arrangements for feature films — 1,200

Proceeds from issuance of common stock in connection with Stock Purchase Agreement, net of issuance costs 19,400 —

Proceeds from private placements 6,072 —

Proceeds from exercise of stock options — 16

Payment on Convertible Notes — (30,000)

Payment of consent solicitation fees — (2,089)

Payment on Term Loan (20,000) —

Payment of Term Loan's debt issuance / modification costs (959) (687)

Payment of film financing arrangements for feature films (378) —

Repurchase of common stock — (3,332)

Payment for shares withheld for employee taxes (136) (125)

Payment of at-the-market offering issuance costs, net (69) (115)

Cash provided by financing activities 4,551 6,445

Effect of currency translation on cash and cash equivalents (39) 484

Net decrease in cash and cash equivalents (7,916) (8,942)

Cash and cash equivalents and restricted cash at beginning of period 27,739 38,648

Cash and cash equivalents and restricted cash at end of period $ 19,823 $ 29,706

BUZZFEED, INC.

Reconciliation of GAAP to Non-GAAP

(Unaudited, USD in thousands)

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Net loss $ (11,810) $ (10,627) $ (26,956) $ (23,088)

Income tax provision 204 333 92 413

Interest expense, net 1,395 1,496 2,932 2,667

Other (income) expense, net (196) 5,080 151 3,782

Depreciation and amortization 4,681 4,124 8,379 8,709

Stock-based compensation 1,550 1,326 3,102 2,703

Change in fair value of warrant liabilities 95 252 (7) (982)

Restructuring(1)

— — 329 1,886

Amortization of capitalized interest for content(2)

501 — 579 —

Loss on early termination of lease(3)

1,853 — 1,853 —

Adjusted EBITDA $ (1,727) $ 1,984 $ (9,546) $ (3,910)

Adjusted EBITDA margin (4.8) % 4.3 % (14.1) % (4.7) %

Net loss as a percentage of revenue(4)

(32.5) % (22.9) % (39.7) % (28.0) %

________________________________

(1) We exclude restructuring expenses from our non-GAAP measures because we believe they do not reflect expected future operating expenses, they are not indicative of our core operating performance, and they are not meaningful in comparison to our past operating performance.

(2) Reflects the non-cash amortization of interest costs that were capitalized as part of capitalized film costs; this add-back aligns the treatment of capitalized interest with the exclusion of interest expense from Adjusted EBITDA.

(3) Reflects the loss on the early termination of a lease related to our office space in London, England. We exclude losses associated with early terminations of leases from our non-GAAP measures because we believe they do not reflect expected future operating expenses, they are not indicative of our core operating performance, and they are not meaningful in comparisons to our past operating performance.

(4) Net loss as a percentage of revenue is included as the most comparable GAAP measure to Adjusted EBITDA margin, which is a non-GAAP measure.

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The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

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No definition available.

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Namespace Prefix:

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- Definition

Address Line 1 such as Attn, Building Name, Street Name

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Name of the City or Town

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- Definition

Code for the postal or zip code

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- Definition

Name of the state or province.

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- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Indicate if registrant meets the emerging growth company criteria.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 7A

-Section B

-Subsection 2

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- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

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Data Type:

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- Definition

Two-character EDGAR code representing the state or country of incorporation.

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No definition available.

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- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Local phone number for entity.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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- Definition

Title of a 12(b) registered security.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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- Definition

Name of the Exchange on which a security is registered.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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- Definition

Trading symbol of an instrument as listed on an exchange.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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