BuzzFeed Expects Recession Fears to Pressure Advertising

BuzzFeed Inc. posted a wider quarterly loss amid rising prices and bills, and mentioned it anticipated recession issues to maintain placing strain on the promoting market.

The digital media firm, which past its namesake web site homes the Tasty, Complicated and HuffPost manufacturers, mentioned it misplaced $23.8 million within the second quarter, in contrast with a lack of $582,000 within the year-earlier interval.