BuzzFeed, Inc. (BZFD) Q2 2025 Earnings Call

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WEBVTT 00:00:00.000 -- 00:00:05.940 Before we begin, please note that our remarks today will include forward-looking statements. 00:00:05.940 -- 00:00:10.880 Actual results may differ materially from those contemplated by these statements. 00:00:10.880 -- 00:00:15.800 Risks and factors that could cause actual results to differ materially are described 00:00:15.800 -- 00:00:21.200 in our Q2 2025 earnings release and in our filings with the SEC, 00:00:21.200 -- 00:00:26.480 including our most recent annual report on Form 10K and our Q2 2025 00:00:26.480 -- 00:00:31.520 quarterly report on Form 10Q filed with the SEC. 00:00:31.520 -- 00:00:35.680 Any forward-looking statements that we make on this call are based on assumptions as 00:00:35.680 -- 00:00:40.860 of today, and we undertake no obligation to update these statements as a result of new 00:00:40.860 -- 00:00:46.440 information or future events. During this call, we present both GAAP and non-GAAP 00:00:46.440 -- 00:00:51.500 financial measures, including adjusted EBITDA and adjusted EBITDA margin. 00:00:51.500 -- 00:00:56.440 The use of non-GAAP financial measures allows us to measure the operational strength 00:00:56.440 -- 00:01:01.320 and performance of our business, to establish budgets, and to develop operational goals 00:01:01.320 -- 00:01:06.360 for managing our business. We believe adjusted EBITDA and adjusted EBITDA margin 00:01:06.360 -- 00:01:11.480 are relevant and useful information for investors because they allow investors to view 00:01:11.480 -- 00:01:16.480 performance in a manner similar to the method used by our management. 00:01:16.480 -- 00:01:21.380 A reconciliation of these GAAP to non-GAAP measures is included in today's earnings press 00:01:21.380 -- 00:01:25.420 release, which is availabl...