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Briefing
media/telecom

BuzzFeed Revenue Falls 27%

By
Sahil Patel
· · Source: The Information

BuzzFeed said revenue fell 27% to $67.2 million in the first quarter, dragged down by a significant decline in the company’s ad business. BuzzFeed’s advertising segment reported a 30% drop in revenue and its content business, which largely makes money from selling and producing custom content for marketers, fell 33%. The digital media firm’s commerce and other revenue business rose 6% to $11.3...

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