BuzzFeed, Inc. - Class A Common Stock (BZFD)

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.

Today, BuzzFeed announced a new social platform designed to bring joy and creativity back to the internet. The digital media pioneer introduced a strategy to counter tech platforms’ unchecked influence over an internet increasingly fueled by misinformation, addiction, and negativity. At the heart of the strategy is a commitment to human creativity and a reinvention of how content is created and shared.

BuzzFeed, Inc. (Nasdaq: BZFD) (the “Company”) today announced the closing of its sale of First We Feast to a consortium led by an affiliate of Soros Fund Management LLC in an $82.5 million all-cash deal. The proceeds of the transaction combined with a partial prepayment of the Company’s outstanding convertible notes has the Company operating with a cash balance that exceeds its remaining debt. Refer to the Company’s 8-K filed with the SEC on December 12, 2024 for additional details.

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) today announced plans to release third quarter 2024 financial results on Tuesday, November 12, 2024 after the market closes. BuzzFeed, Inc. Founder and CEO Jonah Peretti and CFO Matt Omer will host a conference call to discuss the results at 5:00 PM ET / 2:00 PM PT.

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.

BuzzFeed, Inc. (NASDAQ: BZFD) today announced plans to release second quarter 2024 financial results on Monday, August 12, 2024 after the market closes. BuzzFeed, Inc. Founder and CEO Jonah Peretti and CFO Matt Omer will host a conference call to discuss the results at 5:00 PM ET.

BuzzFeed, Inc. (Nasdaq: BZFD) today announced its go-forward model for employee equity compensation and incentives.

BuzzFeed, Inc1.’s (Nasdaq: BZFD) reported first quarter (ended March 31, 2024) financial results in line with the company’s outlook shared on March 25, 2024.

BuzzFeed, Inc. (NASDAQ: BZFD) today announced that its Board of Directors and shareholders approved a 1-for-4 reverse stock split of the company’s Class A common stock, par value $0.0001 per share, and Class B common stock, par value $0.0001 per share, which will be effective at 12:01am EST on May 6, 2024. BuzzFeed’s Class A common stock will continue to be traded on The Nasdaq Capital Market on a split-adjusted basis beginning on May 6, 2024, under the Company’s existing trading symbol “BZFD.”

BuzzFeed, Inc. (NASDAQ: BZFD) today announced plans to release first quarter 2024 financial results on Monday, May 13, 2024 after the market closes. BuzzFeed, Inc. Founder and CEO Jonah Peretti and CFO Matt Omer will host a conference call to discuss the results at 5:00 PM ET.

Independent Digital News and Media Ltd (“The Independent”) and BuzzFeed, Inc. (Nasdaq: BZFD) today announced they have entered into a multi-year license and strategic partnership. The deal brings together the globally renowned brands of The Independent (which includes Independent TV, IndyBest and Indy100) with BuzzFeed UK, Tasty UK, Seasoned and HuffPost UK, to form one operation in the UK and Ireland, led by The Independent.

BuzzFeed, Inc.’s (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) fourth quarter and full year (ended December 31, 2023) financial results were in line with its revised outlook shared in February, but fell short of its initial expectations. Looking ahead, following key strategic organizational changes, BuzzFeed is optimistic about 2024 with a commitment to high-margin revenue streams and a renewed focus on its owned and operated websites and apps.

BuzzFeed, Inc. (Nasdaq: BZFD) today announced the closing of its sale of Complex to NTWRK to form a new and wide-ranging destination for the future of commerce and media, in an $108.6 million all cash deal. In addition to the $108.6 million purchase price, the company received approximately $5.7 million related to the use of the company’s NY offices and severance- and other employment-related costs. Refer to the Company’s 8-K filed with the SEC on February 21, 2024 for additional details.

BuzzFeed, Inc. (NASDAQ: BZFD), a premier digital media company, and Acast, the world’s largest independent podcast company, are partnering to debut a new podcast series titled I Know That’s Right. The weekly show, presented by HuffPost, the award-winning digital news organization and hosted by HuffPost’s Senior Culture Reporter Taryn Finley, provides a weekly rundown of the latest in culture, entertainment and trending conversations. Advertisers can connect with these conversations through Acast with host-read sponsorship campaigns or dynamically inserted ads, which can be bought directly through a dedicated sales team, programmatically, or with their self-serve advertising platform.

BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD), a premier digital media company for the most diverse, most online, and most socially engaged generations the world has ever seen, today announced financial results for the third quarter ended September 30, 2023.

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.

BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) today announced that its Chief Financial Officer, (“CFO”) Felicia DellaFortuna, will be leaving the company before the end of November to pursue a new opportunity. Matt Omer, currently Executive Vice President of Finance and Treasurer, was appointed by the Company’s Board of Directors as the next CFO and will succeed DellaFortuna on November 6, 2023.

Today, Complex announced eBay, Espolòn Tequila, and Toyota as the returning title sponsors for this year’s ComplexCon, the expertly-curated festival of the future bringing together the world's most influential brands and artists for an immersive and unforgettable weekend of style, sneakers, art, food, music, inspiration, and more. The culture-defining festival will return to the Long Beach Convention Center for two back-to-back days on Saturday, November 18 and Sunday, November 19, 2023. Additional details on ComplexCon’s new and returning experiences will be announced soon.

BuzzFeed, Inc. (NASDAQ: BZFD), a premier digital media company, and Acast, the world’s largest independent podcast company, are partnering to debut a new podcast series titled Am I Doing It Wrong?. The weekly show, presented by HuffPost, the award-winning digital news organization and hosted by HuffPost’s Raj Punjabi and Noah Michelson, explores the all-too-human anxieties we have about trying to get our lives right.

BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD), a premier digital media company for the most diverse, most online, and most socially engaged generations the world has ever seen, today announced financial results for the second quarter ended June 30, 2023.

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!

On National Wing Day, Hot Ones is expanding its highly-anticipated spicy wing delivery to NYC and Philadelphia so fans can take a bite of the heat for themselves. The Hot Ones menu, which features the famous spicy wings, hot sauces and sides, will now be permanently available for delivery throughout NYC and Philadelphia, with expanded locations to come.

HuffPost, the award-winning news organization that publishes original journalism reaching 65 million monthly global readers, today celebrated the official launch of Indigenous Voices, a new vertical featuring the stories, perspectives and voices of Indigenous peoples. The launch is sponsored by the third season of FX’s “Reservation Dogs,” a critically acclaimed, award-winning series bringing Indigenous representation on television to the forefront of culture.

BuzzFeed, Inc. (NASDAQ: BZFD), a premier digital media company for the most diverse, most online, and most socially engaged generations the world has ever seen, will release its second quarter 2023 financial results on Tuesday, August 8, 2023, after the market closes. BuzzFeed, Inc. Founder and CEO Jonah Peretti, President Marcela Martin and CFO Felicia DellaFortuna will host a conference call to discuss the results at 5:00 PM ET.