BuzzFeed Flags Going-Concern Risk, Suspends 2026 Forecast as Cash Pressures Mount
BuzzFeed disclosed doubts about its ability to remain a going concern and said it will not issue a 2026 forecast while it assesses strategic alternatives. The announcement, which followed quarterly results showing roughly flat revenue year-over-year, sent the company’s shares down 7.3% in after-hours trading. Management pointed to cost reductions a…