BuzzFeed Expects Recession Fears to Pressure Advertising

BuzzFeed Inc. posted a wider quarterly loss amid rising costs and expenses, and said it expected recession concerns to keep putting pressure on the advertising market.

The digital media company, which beyond its namesake site houses the Tasty, Complex and HuffPost brands, said it lost $23.8 million in the second quarter, compared with a loss of $582,000 in the year-earlier period.