BuzzFeed, Inc. (BZFD) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to BuzzFeed, Inc.'s second quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Juliana Clifton, VP of Communications. Please go ahead. Hi, everyone. Welcome to BuzzFeed, Inc. I'm Juliana Clifton, VP of Communications for BuzzFeed. Joining me today are Chairman and CEO Byron Allen, Head of BuzzFeed AI Jonah Peretti, and CFO Matt Omer. Before we get started, I would like to take this opportunity to remind you that our remarks today will include forward-looking statements. Actual results may differ materially from those contemplated by these forward-looking statements. Factors that could cause these results to differ materially are set forth in today's press release, Form 10-Q to be filed with the SEC. Any forward-looking statements that we make on this call are based on assumptions as of today, and we undertake no obligation to update these statements as a result of new information or future events. During this call, we present both GAAP and non-GAAP financial measures, including adjusted EBITDA and adjusted EBITDA margins. The use of non-GAAP financial measures allows us to measure the operational strength and performance of our business, to establish budgets, and to develop operational goals for managing our business. We believe adjusted EBITDA and adjusted EBITDA margins are relevant and useful information for investors because they allow investors to view performance in a manner similar to the methods used by our management. A reconciliation of these GAAP to non-GAAP measures is included in today's earnings press release. Please refer to our...