Buzzfeed reported total revenue of $47 million for the second quarter, down from $62 million a year ago. Advertising revenue declined 19 percent year-over-year to reach $23.8 million, with programmatic advertising revenue at $16 million compared to $15.5 million a year ago. Content revenue plunged 48 percent to $11.4 million. Jonah Peretti, founder and CEO […]
SOURCE: The Hollywood Reporter at 04:33PM on August 12, 2024