Florida Family Association has been calling on Corporate America to stop spending consumer dollars at HuffPost.  HuffPost publishes more leftist vitriol that is read by more readers than almost any other leftist news site.   As leftist as the Washington Post is its articles pale in comparison to the hate and vitriol that takes up a large portion of the Huffpost.com news site.

Huffpost has published many falsely based articles that inspire ignorance and inflame hate toward targeted Americans and American cultures.  Huffpost articles spew vitriol in its obvious objective to tarnish the public image of military service members, law enforcement officers, conservative Christians and Jews, conservative leaders and white people. 

Huffpost.com has defended Sharia law, defended the Muslim Brotherhood, fundraised for the Council on American Islamic Relations, blamed Christians for worldwide conflict with Muslims, promoted an anti-Semitic blog, encouraged Islamist demagoguery, and promoted other Islamist propaganda. 

Huffpost.com pushes propaganda about DEI, Marxism, transgender identity and racist critical race theory that can have dangerous consequences.

HuffPost is owned by BuzzFeed.   BuzzFeed reported financial results for the fiscal year ended December 31, 2024.  That report is provided in part at the bottom of this article.  

Here are some important points to gleam from BuzzFeed’s reports.

•    BuzzFeed sales declined $41 million from 2023 to 2024 to $189.9 million.  

•    Advertising revenue declined 17%.

•    Net loss for the year was $33.9 million.

•    Despite boasting that the “audience Time Spent “continues to outpace the competition” the corporation lost sales.

•    Total assets declined $217 million (nearly 50%) from $438 million in 2023 to $221 million in 2024.

•    Cash and cash equivalents of $38.6 on hand is ONLY $5 million more than its one year 2024 annual loss.

•    On February 24, 2025 BuzzFeed reported that it sold a major asset called Complex for $108.6 million.  Out of the proceeds $30.9 million will pay off of the company’s convertible notes due 2026 and eliminate the company’s revolving credit facility by repaying it in full at $35.5 million.  The balance left over of $41 million will add to the cash it needs to survive future losses.

•    On February 24, 2025 Buzzfeed reported that it plans to reduce expenses by implementing a 16% reduction in the remaining workforce, which is expected to yield approximately $23 million in annualized compensation cost savings.

Florida Family Association has influenced more than 2,750 companies to stop supporting HuffPost’s toxic disinformation and hate for other Americans.  

Verizon Communications literally paid BuzzFeed an unreported amount of cash in November 2020 to take HuffPost off of its financial statements because of the losses it sustained in part from Florida Family Association’s efforts to influence companies to stop advertising.

Florida Family Association will continue to urge Corporate America to stop advertising support for HuffPost.

2024 Full Year Financial and Operational Highlights for Continuing Operations.

•    BuzzFeed delivered Full Year 2024 revenues of $189.9 million, declining 18% compared to 2023. 
   
    o Advertising revenue declined 17% year-over-year to $94.4 million, reflecting an intentional shift away from lower-margin,
       direct-sold advertising. 

   o Content revenue declined 49% year-over-year to $33.9 million, primarily due to a decrease in direct-sold deals and fewer studio
      projects. 

•    Net loss from continuing operations improved to $34.0 million, compared to a net loss from continuing operations of $55.7 million in 2023, a result of successful cost savings and operational efficiencies. 

•    In 2024, audience Time Spent with our content totaled 297.9 million hours, reflecting a 3% decline year-over-year, though we continue to outpace the competition. 

•    BuzzFeed ended the period with cash and cash equivalents of approximately $38.6 million, an increase of $3.0 million compared to 2023.