BuzzFeed UK reports £3.3m loss four years into operation

BuzzFeed UK doubled turnover to £20.5m in 2016 but made pre-tax loss of £3.3m as it pumped investment into its international expansion, the company's first full accounts have revealed.
The UK subsidiary increased its losses from £109,000 in 2015 to more than £3.5m in 2016.
It’s not a landslide loss given the company is only four years old in the UK and has been pumping investment into its international expansion – nearly doubling its headcount s