Gawker Gets a Look at BuzzFeed's Financials
The J.K. Trotter-Tommy Craggs diagnosis: 'Good.'
The latest Gawker item of note is about BuzzFeed, which is also a website.
Someone tipped J.K. Trotter to BuzzFeed’s full financials for 2012, 2013 and the first half (unaudited) of 2014. Among the many intriguing line items is the bell curve of editorial expenses:
In fiscal year 2011, BuzzFeed’s editorial budget was $858,780
In 2012, it was $4,724,608
In 2013, it was $11,739,790
In the first 6 months of 2014, it was $10,449,422
And, for the same period, the “cost of revenue.”
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