(Boursier.com) — BuzzFeed fell 17% on Wall Street to $1.07, as the online media group said most of its cash and cash equivalents were housed in the collapsed Silicon Valley Bank. Yesterday evening, the group also published its annual financial results, showing total revenues of $437 million, up 10%, but a net loss of $201 million including a non-cash goodwill impairment charge of $102 million. dollars. A year earlier, the group had made a profit of $26 million. Adjusted EBITDA for the year ended was $0.5 million, compared to $41.5 million a year earlier. For the fourth quarter, revenue corrected 8% to $135 million, while net loss reached $106 million. Adjusted EBITDA was $17.6 million versus $34.2 million a year earlier. For its first fiscal quarter, BuzzFeed anticipates revenues of $61 to $67 million and an adjusted Ebitda loss of $18 to $25 million.
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