BuzzFeed reports Q2 adjusted EBITDA $2.0M vs. $0.8M last year

Reports Q2 revenue $46.4M vs. $41.1M last year. The company said, “We returned to growth, driven by double digit gains in both commerce and programmatic advertising, our most scalable and tech enabled revenue lines. Our latest feature film hit #1 on Hulu in June. And we’ve begun beta testing on BF Island, our AI-native social media app. We’ve transformed and diversified our business and it is gratifying to see these efforts are continuing to bear fruit. This quarter reflects continued momentum in our transformation efforts. We’re seeing strong performance in programmatic advertising and affiliate commerce-two of our most scalable and reliable revenue lines. Combined with a more efficient cost structure and growing direct audience engagement, these results reinforce the durability of our model and our long-term strategy.”