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Digital media struggles to make the numbers add up

BuzzFeed missed its revenue targets in 2017, but met its goal for about $300m in sales for 2018, a 15 per cent increase from the previous year.

To date, BuzzFeed has raised about $500m from investors including Comcast-owned NBCUniversal and Andreessen Horowitz.
-- Financial Times

$300m in sales and 15% YoY growth is impressive - impressive enough to make BuzzFeed a legit business. The spending side of that equation, though - yikes!

-- Scrib