Articles from BuzzFeed

BuzzFeed, Inc.’s (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) fourth quarter and full year (ended December 31, 2024) financial results were in line with its outlook shared in December, demonstrating progress in stabilizing operations and positioning the business for long-term growth. Following a strategic transformation in 2024, BuzzFeed is optimistic about the year ahead and is committed to bettering operational efficiency and improving monetization across the Company’s owned and operated sites and apps.

BuzzFeed, Inc. (Nasdaq: BZFD) reported improved year-over-year profitability in the third quarter (ended September 30, 2024) generating net income from continuing operations of $2 million and Adjusted EBITDA2 of $11 million, near the high end of the Company’s outlook shared on August 12, 2024. Third quarter revenues exceeded the Company’s outlook, growing 7% year-over-year, with strong growth in two of BuzzFeed, Inc.’s largest and highest-margin revenue streams - Affiliate Commerce and Programmatic Advertising.

BuzzFeed, Inc. (Nasdaq: BZFD) reported improved second quarter (ended June 30, 2024) net loss from continuing operations as compared to the prior-year period, and Adjusted EBITDA2 ahead of the Company’s outlook shared on May 13, 2024 and reiterated on July 3, 2024. Second quarter revenues were in line with the Company’s outlook, with year-over-year growth in two of BuzzFeed, Inc.’s largest and highest-margin revenue streams - Programmatic Advertising and Affiliate Commerce.

First We Feast is proud to announce that it has won a New York Emmy for the documentary, Hungry For More: The Movement to Save New York’s Chinatown. The documentary won a New York Emmy in the category for Human Interest – Long Form Content.

The L.A Chargers and First We Feast today announced season two of Truth or Dab - LA Chargers Edition, with episodes featuring L.A. Chargers players Justin Herbert, Derwin James and more. The episodes of Truth or Dab, a Hot Ones spinoff show, will air throughout August, beginning today and feature eight Los Angeles Chargers’ who bravely join host Sean Evans as he offers two options – tell the truth or suffer the wrath of the Last Dab!

BuzzFeed, the premier media company for digital content and commerce for millennial and Gen Z audiences, announced today that it has named Amita Tomkoria as Senior Vice President for Investor Relations. In her role leading BuzzFeed’s global investor relations strategy, Tomkoria will be responsible for building strong relationships with the investment community while communicating BuzzFeed’s long-term vision, business model and financial performance. BuzzFeed’s deal to become a publicly traded company by merging with 890 5th Avenue Partners, Inc., ($ENFA) a special purpose acquisition company (SPAC), is expected to close in Q4 of this year. Following the close, BuzzFeed, Inc., will trade under the ticker symbol $BZFD.

BuzzFeed, the leading tech-powered media company for digital content and commerce across millennial and Gen Z audiences, announced today that investor and talent manager Anjula Acharia will join its board of directors. Acharia is the founder and CEO of A-Series Management & Investments, a leading firm at the forefront of merging Hollywood and tech. The company’s investment and advisory portfolio focuses on a number of consumer tech startups, including ApartmentList, Bumble, ClassPass, Clubhouse, and Yumi among many others. The company also manages globally acclaimed actress Priyanka Chopra. In her new board role, Acharia will bring her entrepreneurial expertise to help guide BuzzFeed’s e-commerce and licensing strategies as the company enters its next phase as a public company.

BuzzFeed, the leading tech-powered media company for digital content and commerce for millennial and Gen Z audiences, today announced that Joan Amble has joined its Board of Directors as Audit Chair. Amble, who previously served as Executive Vice President, Finance, and Comptroller for American Express, will bring decades of finance, accounting and public company experience to BuzzFeed’s Board of Directors and help BuzzFeed navigate a new period of growth as a public company.

BuzzFeed, the leading tech-powered media company for digital content and commerce for millennial and Gen Z audiences, announced today the filing of a registration statement on Form S-4 with the Securities and Exchange Commission in connection with its proposed merger with a subsidiary of 890 5th Avenue Partners, Inc. (Nasdaq: ENFA, ENFAU, ENFAW) (“890”), a special purpose acquisition company. On June 24, 2021, BuzzFeed and 890 announced their plan to merge (the “Merger”). As part of the transaction, BuzzFeed will acquire Complex Networks from Verizon and Hearst, subject to regulatory approval and closing conditions (together with the Merger, the “Business Combination”).

Please replace the release with the following corrected version due to multiple revisions.

Please replace the release with the following corrected version due to multiple revisions.

BuzzFeed today announced that it has agreed to acquire Complex Networks - a global youth entertainment company with massive reach spanning style, food, music, sneakers and pop culture - from Hearst and Verizon. The announcement follows BuzzFeed’s disclosure that it is seeking to go public by merging with 890 Fifth Avenue Partners, a special purpose acquisition company (SPAC) with $288 million in cash in trust. BuzzFeed has also secured approximately $150 million in convertible note financing led by Redwood Capital Management and including CrossingBridge Advisors, Cohanzick Management, and Silver Rock Financial LP. The $300 million acquisition of Complex - consisting of $200 million in cash and $100M of equity in BuzzFeed - is expected to close in the fourth quarter of 2021 after the merger of BuzzFeed and 890 Fifth Avenue Partners.

BuzzFeed, the leading tech-powered media company for digital content and commerce for millennial and Gen Z audiences, announced today that it will merge with 890 Fifth Avenue Partners Inc., (Nasdaq: ENFA) a tech, media and telecom Special Purpose Acquisition Company (“SPAC”) to become a public company. 890 Fifth Avenue Partners Inc. has $288 million in trust. The transaction includes an additional $150 million in convertible note financing led by Redwood Capital Management and including CrossingBridge Advisors, Cohanzick Management, and Silver Rock Financial LP. The parent company will be known as BuzzFeed Inc. after the merger and listed on the public market under the ticker symbol “BZFD.”