BuzzFeed Inc (BZFD)

BuzzFeed, Inc. Completes Majority Stake Investment by Byron Allen's Family Office, Positioning Company for Next Era of GrowthMay 27, 2026 4:15 PM
Business Wire Byron Allen Assumes Role of Chairman and Chief Executive Officer; Jonah Peretti Transitions to President of BuzzFeed AI Company to Pursue Free Streaming, AI-Powered Media, and Direct-to-Consumer Expansion BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) today announced the closing of its previously announced transaction with Allen Family Digital, LLC, an affiliate of Byron Allen's Family Office, under which Allen Family Digital, LLC acquired approximately 51% of the Company's outstanding shares. Byron Allen has assumed the role of Chairman and Chief Executive Officer, and Jonah Peretti has transitioned to his newly created role as President of BuzzFeed AI. Under the terms of the agreement, Allen Family Digital acquired 40 million shares of BuzzFeed, Inc. common stock at a price of $3.00 per share, representing a total transaction value of $120 million for a total purchase price of $120 million. The transaction was funded with $20 million in cash at closing and a $100 million promissory note due five years from closing, accruing interest at 5% annually. BuzzFeed has used $12.5 million of the cash proceeds from the transaction to pay down existing indebtedness, materially strengthening the Company’s balance sheet and enhancing financial flexibility to support future growth initiatives. “Jonah is a great visionary and has done a phenomenal job. BuzzFeed and HuffPost have become two iconic global digital media brands with powerful audience reach and strong cultural importance,” said Byron Allen, Chairman and CEO of BuzzFeed. “Our vision is to build on the iconic foundation of BuzzFeed and HuffPost by expanding into free-streaming video, audio and user-generated content. As of this moment, with the power of AI, BuzzFeed is officially chasing YouTube to become another premier free-streaming video service.” “Byron is a force of nature and an incredible media mogul, and his skills are very complementary to mine,” said Jonah Peretti, President of BuzzFeed AI. “His deep relationships with advertisers, partners, and sources of capital free me to focus on what I've always loved most: the intersection of tech and media. I'm thrilled to pass him the baton, and even more excited about what comes next. AI is going to create a new medium for content that wasn't possible before, and I'm convinced the opportunity is enormous.” BuzzFeed is building on the iconic foundation of BuzzFeed and HuffPost by expanding into free-streaming video, audio, and user-generated content powered by AI. The transaction also unlocks the potential to leverage Allen's portfolio, including Local Now, a free streaming platform that curates, aggregates, and streams hyperlocal news, weather, traffic, sports, and entertainment geofenced to the user's zip code, alongside his network of 650 FAST channels, approximately 400 local broadcast affiliates, and 30,000 movies, TV shows, and documentaries, combined with BuzzFeed's tens of millions of direct monthly visitors, the Company sees a significant opportunity to bring a new kind of free-streaming experience directly to consumers. AI will accelerate content creation, distribution, and discovery across both organizations as BuzzFeed builds toward becoming a premier free-streaming video destination. Jonah Peretti co-founded BuzzFeed in 2006 and has served as the Company's Chief Executive Officer since its founding. Under his leadership, BuzzFeed became one of the defining digital media brands of a generation, pioneering social distribution, viral content, and AI-assisted publishing. In his new role as President of BuzzFeed AI, Peretti will bring his strategic focus to applied AI research, product innovation, and the development of new technology-driven media formats. Byron Allen is the Founder, Chairman and CEO of Allen Media Group which he founded in 1993 and is headquartered in Los Angeles. Allen owns 13 ABC-CBS-NBC network affiliate broadcast television stations in 11 U.S. markets and ten 24-hour HD television networks serving nearly 315 million subscribers: THE WEATHER CHANNEL, PETS.TV, COMEDY.TV, RECIPE.TV, CARS.TV, ES.TV, MYDESTINATION.TV, JUSTICECENTRAL.TV, THEGRIO TELEVISION NETWORK, and HBCU GO. Allen also owns the digital streaming platforms HBCU GO, SPORTS.TV, LOCAL NOW and THE WEATHER CHANNEL STREAMING APP. Allen owns a two-hour nightly comedy block on CBS Network, and also produces, distributes, and sells advertising for 74 television programs, making him one of the largest independent producers/distributors of first-run syndicated television programming for broadcast television stations, cable networks, and digital platforms. About BuzzFeed, Inc. BuzzFeed, Inc. is home to the best of the Internet. Across pop culture, entertainment, shopping, food, and news, our brands drive conversation and inspire what audiences watch, read, and buy now — and into the future. Born on the Internet in 2006, BuzzFeed is committed to making it better: providing trusted, quality, brand-safe news and entertainment to hundreds of millions of people; making content on the Internet more inclusive, empathetic, and creative; and inspiring our audience to live better lives. View source version on businesswire.com: https://www.businesswire.com/news/home/20260527941596/en/ Media Contact: Juliana Clifton pr@buzzfeed.com
Investor Relations Contact: Juliana Clifton investors@buzzfeed.com Original: BuzzFeed, Inc. Completes Majority Stake Investment by Byron Allen's Family Office, Positioning Company for Next Era of Growth

$BZFD "Because the world can never have enough laughter"
Byron Allen

$BZFD CBS Got a lot riding on this ! Colberts taping his last show.

Byron Allen cuts deal to fill Colberts entire Late-Night slot

BZFD..........................https://stockcharts.com/sc3/ui/?s=BZFD&p=W&b=5&g=0&id=p86431144783

$BZFD Catching the Buzzz today ! 🥴 Thinking it's a double win. I'll get a laugh if I make some money but might even get a bigger laugh if I lose money. The stock markets a joke right now anyway
Suddenly I'm Happy 😃 Good Luck

BZFD..................................https://stockcharts.com/sc3/ui/?s=BZFD&p=w&b=5&g=0&id=p86431144783

BZFD.............................https://stockcharts.com/sc3/ui/?s=BZFD&p=W&b=5&g=0&id=p86431144783

BuzzFeed, Inc. Announces Proposed Majority Stake Investment by Byron Allen’s Family OfficeMay 11, 2026 4:55 PM
Business Wire Byron Allen Named Incoming Chairman and Chief Executive Officer of BuzzFeed, Inc.
Jonah Peretti to Transition to President of BuzzFeed AI
Company Also Reports Q1 2026 Financial Results BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) today announced the Company has entered into a transaction agreement with Allen Family Digital, LLC, an affiliate of Byron Allen’s family office, under which BuzzFeed, Inc. will accept a majority investment from Allen Family Digital, LLC. Founder and CEO Jonah Peretti will be succeeded by Byron Allen, who will assume the role of Chairman and Chief Executive Officer upon closing, and Peretti will transition to a newly created role as President of BuzzFeed AI. Under the terms of the agreement, Allen Family Digital will acquire 40 million shares of BuzzFeed, Inc. at a price of $3.00 per share for a total purchase price of $120 million. Upon closing, Allen Family Digital will own approximately 52% of the Company’s outstanding shares. The purchase price will be funded with $20 million in cash at closing and a $100 million promissory note due five years from closing, accruing interest at 5% annually. The transaction is currently expected to close by the end of May 2026, subject to customary closing conditions. The Company also reported financial results for the first quarter ended March 31, 2026. "Byron Allen has built one of the world’s largest media companies and is one of the most accomplished media entrepreneurs in the industry, having spent 30-plus years transforming distribution infrastructure, identifying strategic assets, and scaling them into something much greater,” said Jonah Peretti, BuzzFeed Founder and CEO. “Byron’s vision, operational experience, and long-term commitment to premium content makes him exceptionally well-positioned to lead BuzzFeed and HuffPost into our next phase of growth. And personally, I'm thrilled Byron is taking over ‘The Late Show With Stephen Colbert’s’ time slot, and highly confident that his relationships with talent will bring some incredible stars to the BuzzFeed platform.” “To prepare for his arrival, we are planning to make significant changes, including cost reductions and setting up BuzzFeed Studios (including vertical micro-dramas, animation, digital video, and premium studio including feature films) and Tasty as a new independent entity. This investment in our business and Byron’s management roles will provide liquidity and operational focus to BuzzFeed, Inc.,” Peretti continued. “I will transition to a newly created role as President of BuzzFeed AI. After 20 years as CEO of BuzzFeed, I’m excited to switch my focus to a more hands-on role developing products and technology that are only possible because of recent advances in AI. I’m convinced that AI will fundamentally transform the media industry and empower creative people to build in new ways, and I believe the opportunity is enormous,” Peretti added. “Jonah is a great visionary and has done a phenomenal job. BuzzFeed and HuffPost have become two iconic global digital media brands with powerful audience reach and strong cultural importance,” said Byron Allen, incoming Chairman and CEO of BuzzFeed. “Our vision is to build on the iconic foundation of BuzzFeed and HuffPost by expanding into free-streaming video, audio and user-generated content. As of this moment, with the power of AI, BuzzFeed is officially chasing YouTube to become another premiere free video streaming service.” Jonah Peretti co-founded BuzzFeed in 2006 and has served as the Company's Chief Executive Officer since its founding. Under his leadership, BuzzFeed became one of the defining digital media brands of a generation, pioneering social distribution, viral content, and AI-assisted publishing. In his new role as President of BuzzFeed AI, Peretti will bring his strategic focus to applied AI research, product innovation, and the development of new technology-driven media formats. Byron Allen is the Founder, Chairman and CEO of Allen Media Group which he founded in 1993 and is headquartered in Los Angeles. Allen owns 13 ABC-CBS-NBC network affiliate broadcast television stations in 11 U.S. markets and ten 24-hour HD television networks serving nearly 275 million subscribers: THE WEATHER CHANNEL, PETS.TV, COMEDY.TV, RECIPE.TV, CARS.TV, ES.TV, MYDESTINATION.TV, JUSTICECENTRAL.TV, THEGRIO TELEVISION NETWORK, and HBCU GO. Allen also owns the digital streaming platforms HBCU GO, SPORTS.TV, LOCAL NOW and THE WEATHER CHANNEL STREAMING APP. Allen owns a two-hour nightly comedy block on CBS Network and also produces, distributes, and sells advertising for 74 television programs, making him one of the largest independent producers/distributors of first-run syndicated television programming for broadcast television stations, cable networks, and digital platforms. First Quarter 2026 Financial Results and Operational Highlights BuzzFeed delivered Q1 2026 revenues of $31.6 million, declining 12.4% compared to the first quarter of 2025. Advertising revenue declined 19.8% year-over-year to $17.1 million. Content revenue increased 69.1% year-over-year to $7.5 million. Commerce and other revenue declined 32.0% year-over-year to $6.9 million. Net loss was $15.1 million, compared to a net loss of $12.5 million in Q1 2025. Adjusted EBITDA1 was negative $7.8 million for Q1 2026, compared to negative $5.9 million in Q1 2025. In Q1 2026, audience Time Spent2 with our content totaled 60.6 million hours, reflecting an approximately 10.7% decline compared to Q1 2025, consistent with traffic headwinds and broader platform distribution dynamics. Business and Content Highlights BuzzFeed, the Company's largest brand, maintained its position as the #1 brand in total U.S. time spent among any single media brand in its competitive set3, reaching 36.8 million hours in Q1 2026, up 10% year-over-year. This outpaced second-place People at 33.0 million hours. HuffPost recorded 15.5 million hours in total U.S. time spent in Q1 2026, significantly outperforming competitors including The New Yorker (4.0 million hours), Vanity Fair (3.4 million hours), New York Magazine (2.8 million hours), Vox.com (1.3 million hours), and Bustle.com (0.8 million hours). Direct visits, internal referrals, and app pageviews continued to account for a majority of traffic on BuzzFeed's owned and operated properties, with direct traffic surpassing both Facebook and Google referrals as one of the largest traffic sources for BuzzFeed.com. Full Year 2026 Financial Outlook As we work to close transactions and explore strategic opportunities, we are withholding 2026 guidance at this time. We expect to provide an update on our financial outlook in the coming months. Quarterly Conference Call BuzzFeed's management team will hold a conference call to discuss our first quarter 2026 results today, May 11, at 5 PM ET. The call will be available via webcast at investors.buzzfeed.com under the heading News and Events, and parties interested in participating must register in advance at the same location. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to access the call. While it is not required, it is recommended you join 5 minutes prior to the event start time. A replay of the call will be made available at the same URL. We have used, and intend to continue to use, the Investor Relations section of our website at investors.buzzfeed.com as a means of disclosing material nonpublic information and for complying with our disclosure obligations under Regulation FD. Definitions BuzzFeed reports revenues across three primary business lines: Advertising, Content and Commerce and other. The definition of “Time Spent” is also set forth below. Advertising revenues are primarily generated from advertisers, both programmatically and directly, for ads distributed against our editorial and news content, including display, pre-roll and mid-roll video products. We distribute these ad products across our owned and operated sites as well as third-party platforms, primarily YouTube and Apple News. Content revenues are primarily generated from clients for custom assets, including both long-form and short-form content, from branded quizzes to Instagram takeovers to sponsored content. Studio generally includes revenue from films, micro-dramas, content licensing, TV projects, and other projects inspired by BuzzFeed IP. Commerce and other revenues consist primarily of affiliate commissions earned on transactions initiated from our editorial shopping content. Revenues from our product licensing businesses are also included here. Time Spent captures the time audiences spend engaging with our content across our owned and operated sites, as well as YouTube and Apple News, as measured by Comscore. This metric excludes time spent with our content on platforms for which we have minimal advertising capabilities that contribute to our Advertising revenues, including Instagram, TikTok, Facebook, Snapchat, and X (formerly Twitter). There are inherent challenges in measuring the total actual number of hours spent with our content across all platforms; however, we consider the data reported by Comscore to represent industry-standard estimates of the time actually spent on our largest distribution platforms with our most significant monetization opportunities. About BuzzFeed, Inc. BuzzFeed, Inc. is home to the best of the Internet. Across pop culture, entertainment, shopping, food, and news, our brands drive conversation and inspire what audiences watch, read, and buy now — and into the future. Born on the Internet in 2006, BuzzFeed is committed to making it better: providing trusted, quality, brand-safe news and entertainment to hundreds of millions of people; making content on the Internet more inclusive, empathetic, and creative; and inspiring our audience to live better lives. Non-GAAP Financial Measures Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP financial measures and represent key metrics used by management and our board of directors to measure the operational strength and performance of our business, to establish budgets, and to develop operational goals for managing our business. We define Adjusted EBITDA as net loss, excluding the impact of net (loss) income attributable to noncontrolling interests, income tax (benefit) provision, interest expense, net, other expense (income), net, depreciation and amortization, stock-based compensation, change in fair value of warrant liabilities, restructuring costs, amortization of capitalized interest for content, and other non-cash and non-recurring items that management believes are not indicative of ongoing operations. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenue for the same period. We believe Adjusted EBITDA and Adjusted EBITDA margin are relevant and useful information for investors because they allow investors to view performance in a manner similar to the method used by our management. There are limitations to the use of Adjusted EBITDA and Adjusted EBITDA margin, and our Adjusted EBITDA and Adjusted EBITDA margin may not be comparable to similarly titled measures of other companies. Other companies, including companies in our industry, may calculate non-GAAP financial measures differently than we do, limiting the usefulness of those measures for comparative purposes. Adjusted EBITDA and Adjusted EBITDA margin should not be considered a substitute for measures prepared in accordance with GAAP. Reconciliations of non-GAAP financial measures to the most directly comparable financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. Forward-Looking Statements Certain statements in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Our forward-looking statements include, but are not limited to, statements regarding our management team’s expectations, hopes, beliefs, intentions, or strategies regarding the future. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “affect,” “anticipate,” “believe,” “can,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on current expectations and beliefs concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: (1) macroeconomic factors including: adverse economic conditions in the United States and globally, including the potential onset of recession; actual or potential government shutdowns or failure to raise the U.S. federal debt ceiling; current global supply chain disruptions; the ongoing conflicts in the Middle East and between Russia and Ukraine and any related sanctions and geopolitical tensions, and further escalation of trade tensions between the U.S. and its trading partners; tariffs; the inflationary environment; and the competitive labor market; (2) developments relating to our competitors and the digital media industry, including overall demand of advertising in the markets in which we operate; (3) demand for our products and services or changes in traffic or engagement with our brands and content; (4) changes in the business and competitive environment in which we and our current and prospective partners and advertisers operate; (5) our future capital requirements, including, but not limited to, our ability to obtain additional capital in the future, any restrictions imposed by, or commitments under, agreements governing any future indebtedness, and any restrictions on our ability to access our cash and cash equivalents; (6) developments in the law and government regulation, including, but not limited to, revised foreign content and ownership regulations, and the outcomes of legal proceedings, regulatory disputes, or governmental investigations to which we are subject; (7) the benefits of our restructuring; (8) our success divesting of companies, assets, or brands we sell, or in integrating and supporting the companies we acquire; (9) our success in launching new products or platforms, including any new social media platform; (10) technological developments including artificial intelligence; (11) our success in retaining or recruiting, or changes required in, officers, other key employees or directors; (12) use of content creators and on-camera talent and relationships with third parties managing certain of our branded operations outside of the United States; (13) the security of our information technology systems or data; (14) disruption in our service, or by our failure to timely and effectively scale and adapt our existing technology and infrastructure; (15) our ability to maintain the listing of our Class A common stock and warrants on The Nasdaq Stock Market LLC; (16) risks related to the Company’s liquidity and cash flow, including the ability of the Company to comply with debt service requirements and covenants contained in its credit facility; (17) risks related to the Stock Purchase Agreement and Director Appointment Agreement entered into by the Company with Allen Family Digital, LLC, including potentially adverse impacts on our business, results of operations, and stock price; and (18) those factors described under the sections entitled “Risk Factors” in the Company’s annual and quarterly filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. There may be additional risks that we consider immaterial or which are unknown. It is not possible to predict or identify all such risks. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.   1 As used throughout, Adjusted EBITDA is a non-GAAP financial measure. Refer to “Non-GAAP Financial Measures” below for a description of how it is calculated and the tables at the back of this earnings release for a reconciliation of our GAAP and non-GAAP financial results. Certain figures throughout this document may not foot due to rounding. 2 Refer to the definition of “Time Spent” below. 3 Competitive set includes People.com brand, Condé Nast Digital Group, Vox Media Group, Vogue.com, and Bustle.com. BUZZFEED, INC. Financial Highlights (Unaudited, dollars in thousands)   Three Months Ended March 31,   2026   2025   % Change Advertising $ 17,146   $ 21,387   (20 )% Content   7,480     4,424   69 % Commerce and other   6,946     10,210   (32 )% Total revenue $ 31,572   $ 36,021   (12 )% Loss from operations $ (13,476 ) $ (13,742 ) 2 % Net loss $ (15,146 ) $ (12,461 ) (22 )% Adjusted EBITDA $ (7,819 ) $ (5,894 ) (33 )% BUZZFEED, INC. Condensed Consolidated Balance Sheets (Unaudited, dollars and shares in thousands, except per share amounts)   March 31, 2026
(Unaudited) December 31,
2025 Assets Current assets Cash and cash equivalents $ 6,846   $ 8,465   Restricted cash   15,750     15,750   Accounts receivable (net of allowance for credit losses of $527 and $683 as at March 31, 2026 and December 31, 2025, respectively)   30,264     45,496   Prepaid expenses and other current assets   18,315     16,411   Total current assets   71,175     86,122   Property and equipment, net   3,980     4,504   Right-of-use assets   18,921     23,002   Capitalized software costs, net   25,386     24,245   Intangible assets, net   9,860     10,167   Goodwill   13,105     13,105   Film costs, net   19,221     19,397   Noncurrent restricted cash   3,524     3,524   Prepaid expenses and other assets   3,938     4,073   Total assets $ 169,110   $ 188,139     Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 19,829   $ 19,548   Accrued expenses   10,914     12,411   Deferred revenue   6,512     7,405   Accrued compensation   9,954     8,305   Current lease liabilities   8,950     12,706   Current debt   30,200     30,524   Other current liabilities   4,320     4,319   Total current liabilities   90,679     95,218   Noncurrent lease liabilities   13,259     14,725   Debt   28,148     27,861   Other liabilities   262     250   Total liabilities   132,348     138,054     Commitments and contingencies   Stockholders’ equity Class A Common stock, $0.0001 par value; 700,000 shares authorized; 38,123 and 37,857 shares issued; 36,296 and 36,030 shares outstanding at March 31, 2026 and December 31, 2025, respectively   3     3   Class B Common stock, $0.0001 par value; 20,000 shares authorized; 1,343 and 1,343 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively   1     1   Treasury stock, at cost, 1,827 and 1,827 shares at March 31, 2026 and December 31, 2025, respectively   (3,332 )   (3,332 ) Additional paid-in capital   737,535     735,992   Accumulated deficit   (694,669 )   (679,588 ) Accumulated other comprehensive loss   (3,422 )   (3,715 ) Total BuzzFeed, Inc. stockholders’ equity   36,116     49,361   Noncontrolling interests   646     724   Total stockholders’ equity   36,762     50,085   Total liabilities and stockholders’ equity $ 169,110   $ 188,139   BUZZFEED, INC. Condensed Consolidated Statements of Operations (Unaudited, dollars and shares in thousands, except per share amounts)   Three Months Ended March 31,   2026   2025 Revenue $ 31,572   $ 36,021   Costs and expenses Cost of revenue, excluding depreciation and amortization   22,364     23,492   Sales and marketing   3,468     4,258   General and administrative   13,184     14,362   Research and development   2,334     3,066   Depreciation and amortization   3,698     4,585   Total costs and expenses   45,048     49,763   Loss from operations   (13,476 )   (13,742 ) Other (expense) income, net   (347 )   1,298   Interest expense, net   (1,537 )   (1,171 ) Change in fair value of warrant liabilities   102     1,234   Loss before income taxes   (15,258 )   (12,381 ) Income tax (benefit) provision   (112 )   80   Net loss   (15,146 )   (12,461 ) Less: net (loss) income attributable to noncontrolling interests   (65 )   210   Net loss attributable to BuzzFeed, Inc. $ (15,081 ) $ (12,671 ) Net loss attributable to holders of Class A and Class B common stock: Basic and diluted $ (15,081 ) $ (12,671 ) Net loss per Class A and Class B common share: Basic and diluted $ (0.40 ) $ (0.33 ) Weighted average common shares outstanding: Basic and diluted   37,623     38,683   BUZZFEED, INC. Condensed Consolidated Statements of Cash Flows (Unaudited, USD in thousands)   Three Months Ended March 31,   2026   2025 Operating activities: Net loss $ (15,146 ) $ (12,461 ) Adjustments to reconcile net loss to cash provided by operating activities: Depreciation and amortization   3,698     4,585   Unrealized loss (gain) foreign currency   415     (501 ) Stock-based compensation   1,552     1,377   Change in fair value of warrants   (102 )   (1,234 ) Amortization of debt discount and deferred issuance costs   263     546   Deferred income tax   (30 )   3   Provision for credit losses   (157 )   (129 ) Noncash lease expense   4,039     4,716   Changes in operating assets and liabilities: Accounts receivable   15,350     13,131   Prepaid expenses and other current assets and prepaid expenses and other assets   (1,949 )   (3,163 ) Film costs 153 - Accounts payable   559     (6,886 ) Accrued compensation   1,667     1,372   Accrued expenses, other current liabilities, and other liabilities   (1,565 )   4,277   Lease liabilities   (5,169 )   (5,952 ) Deferred revenue   (893 )   1,663   Cash provided by operating activities   2,685     1,344     Investing activities: Capital expenditures   (244 )   (388 ) Capitalization of internal-use software   (3,953 )   (3,128 ) Business combination, net of cash acquired   -     (233 ) Proceeds from sale of asset   75     300   Cash used in investing activities   (4,122 )   (3,449 )   Financing activities: Borrowings from film financing arrangements   421     -   Payment on Convertible Notes   -     (285 ) Payment of consent solicitation fees   -     (2,089 ) Payment of film financing arrangements for feature films   (218 )   -   Payment of Term Loan's debt issuance / modification costs   (280 )   -   Payment for shares withheld for employee taxes   (10 )   (25 ) Payment of at-the-market offering issuance costs, net   (69 )   (55 ) Cash used in financing activities   (156 )   (2,454 ) Effect of currency translation on cash and cash equivalents   (26 )   237   Net decrease in cash and cash equivalents   (1,619 )   (4,322 ) Cash and cash equivalents and restricted cash at beginning of period   27,739     38,648   Cash and cash equivalents and restricted cash at end of period $ 26,120   $ 34,326   BUZZFEED, INC. Reconciliation of GAAP to Non-GAAP (Unaudited, USD in thousands)   Three Months Ended March 31,   2026   2025 Net loss $ (15,146 ) $ (12,461 ) Income tax (benefit) provision   (112 )   80   Interest expense, net   1,537     1,171   Other expense (income), net   347     (1,298 ) Depreciation and amortization   3,698     4,585   Stock-based compensation   1,552     1,377   Change in fair value of warrant liabilities   (102 )   (1,234 ) Restructuring(1)   329     1,886   Amortization of capitalized interest for content(2)   78     —   Adjusted EBITDA $ (7,819 ) $ (5,894 ) Adjusted EBITDA margin   (24.8 )%   (16.4 )% Net loss as a percentage of revenue(3)   (48.0 )%   (34.6 )%   (1) We exclude restructuring expenses from our non-GAAP measures because we believe they do not reflect expected future operating expenses, they are not indicative of our core operating performance, and they are not meaningful in comparison to our past operating performance.   (2) Reflects the non-cash amortization of interest costs that were capitalized as part of capitalized film costs; this add-back aligns the treatment of capitalized interest with the exclusion of interest expense from Adjusted EBITDA.   (3) Net loss as a percentage of revenue is included as the most comparable GAAP measure to Adjusted EBITDA margin, which is a non-GAAP measure   View source version on businesswire.com: https://www.businesswire.com/news/home/20260511921581/en/ Media Contact: Juliana Clifton pr@buzzfeed.com
Investor Relations Contact: investors@buzzfeed.com Original: BuzzFeed, Inc. Announces Proposed Majority Stake Investment by Byron Allen’s Family Office

BuzzFeed, Inc. First Quarter 2026 Financial Results Release Rescheduled to Monday, May 11, 2026May 6, 2026 5:41 PM
Business Wire 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) today announced that it will now release its first quarter 2026 financial results on Monday, May 11, 2026 after the market closes. The Company previously announced that it would report results on Thursday, May 7, 2026. BuzzFeed 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. The financial results conference call will be available at investors.buzzfeed.com under the “News and Events” section. A replay will be available at the same location following the call. To participate in the conference call, interested parties must register in advance. About BuzzFeed, Inc.
BuzzFeed, Inc. is home to the best of the Internet. Across entertainment, news, food, pop culture, and commerce, our brands drive conversation and inspire what audiences watch, read, and buy now—and into the future. Born on the Internet in 2006, BuzzFeed is committed to making it better: providing trusted, quality, brand-safe news and entertainment to hundreds of millions of people; making content on the Internet more inclusive, empathetic, and creative; and inspiring our audience to live better lives. View source version on businesswire.com: https://www.businesswire.com/news/home/20260506276294/en/ Press:
Juliana Clifton
pr@buzzfeed.com Investor Relations:
ir@buzzfeed.com Original: BuzzFeed, Inc. First Quarter 2026 Financial Results Release Rescheduled to Monday, May 11, 2026

BuzzFeed, Inc. to Release First Quarter 2026 Financial Results on Thursday, May 7, 2026April 8, 2026 4:30 PM
Business Wire
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) today announced it will release its first quarter 2026 financial results on Thursday, May 7, 2026 after the market closes. BuzzFeed 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.


The financial results conference call will be available at investors.buzzfeed.com under the ‘News and Events’ section. A replay will be available at the same location following the call. To participate in the conference call, interested parties must register in advance.


About BuzzFeed, Inc.


BuzzFeed, Inc. is home to the best of the Internet. Across entertainment, news, food, pop culture, and commerce, our brands drive conversation and inspire what audiences watch, read, and buy now—and into the future. Born on the Internet in 2006, BuzzFeed is committed to making it better: providing trusted, quality, brand-safe news and entertainment to hundreds of millions of people; making content on the Internet more inclusive, empathetic, and creative; and inspiring our audience to live better lives.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260408129693/en/
Press:

Juliana Clifton

pr@buzzfeed.com


Investor Relations:

Juliana Clifton

ir@buzzfeed.com


Original: BuzzFeed, Inc. to Release First Quarter 2026 Financial Results on Thursday, May 7, 2026

Inside BuzzFeed's Secret Lab: Three Apps, a New Company, and a Bet on the Future of the InternetMarch 13, 2026 6:01 PM
Business Wire
For the past year, a small team has been quietly developing a new kind of company. Today at SXSW, Branch Office came out of stealth to preview the first two of many apps. 


Download images & logos here


BuzzFeed, Inc. (Nasdaq: BZFD) today unveiled Branch Office, a new spinoff company that has been secretly developing a slate of apps designed to reinvent how people connect on the internet. The first two are launching now. More are coming this year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260313571948/en/BRANCH OFFICE
Branch Office operates independently, with its own founders, its own mandate, and a product philosophy built for a world where AI has blurred the lines between software and content. BuzzFeed saw a gap no one else was filling, and built a dedicated company, quietly, to move fast enough to actually fill it.


"We're accelerating into an era of infinite fake news, slop, personalization bubbles, and cuts at the organizations that actually care about content," said Jonah Peretti. "We need a solution. Branch Office is that solution."


IN THE LAB

BuzzFeed has been running AI experiments for years – a game where you raised a nepo baby, a chatbot that lets you attempt to talk a Karen down in a Starbucks line. Through hundreds of projects the team learned what AI could do when it wasn’t trying to replicate existing models of static content production, but building totally new experiences that would not have been possible before the advent of GenAI.


While most social media companies are using AI to keep people isolated in their own algorithmic feeds, BuzzFeed’s projects were built on the premise that creativity and engagement can bring people closer together, help them connect with their friends.


THE PHILOSOPHY: NINTENDO, NOT BIG TECH

Led by founder Bill Shouldis, Branch Office operates with a clear vision: treat software as a creative medium. Build fast. Iterate constantly. Let real communities, real culture, and genuine taste shape what gets made.


The guiding philosophy comes from an unlikely place: Nintendo. The gaming giant's principle of "lateral thinking with withered technology," taking maximum creativity out of what already exists, is Branch Office's north star. We don’t need to build our own foundational models or compete with Big Tech. We just ask one question: what's already here, and how do we make it genuinely fun?


When Branch Office looked at the market, they saw two camps: companies building AI to replace humans, and companies building AI to simulate them. Branch Office is doing neither.


"Most companies are using AI to replace human creativity," said Bill Shouldis, Founder, Branch Office. "We're leveraging it to connect people."


THE APPS


1. CONJURE — COMING SOON (iOS APP STORE, US & JAPAN)

Every day, Conjure sends you a summons: a subject to go photograph. You submit your photo as an offering. Something on the other end accepts it. Or it doesn't. No explanation. The lore builds over time, and entirely unlike anything else in the App Store – a daily ritual designed to pull people out of their feeds and into the world.


As Shouldis said on stage, "It solves the eternal problem for people who wanted BeReal to be in the X-Files universe."


2. BF ISLAND — IN PRIVATE BETA NOW (iOS APP STORE, US)

Your group chat has its own language, the callbacks, the bits, the references that only land with the seven people in the thread. BF Island lets you visualize all of it, drop in a photo, riff on it, spin it into something that makes your friends lose it. No algorithm. No followers. Just your people.


3. QUIZ PARTY — COMING SOON

A social quiz app. You find a quiz, you take it, you get your result, and then you share it with your friends. Everyone in the ‘quiz party’ sees each other's results and you roast each other in the chat. People have been doing this with BuzzFeed quizzes for years – screenshotting, texting, posting – but now we're building that behavior directly into the product, so it's easier, it's tighter, and it brings more people in.


THE BET AGAINST THE ALGORITHM

"The Internet disrupted distribution. Now AI is disrupting production," said Peretti. "When you don't have a vision for the content, you get a feed of slop. The value has moved – it's about community, culture, and taste. That's what Big Tech can't automate. Software is the new content."


Branch Office: branchoffice.studio/email

Conjure: whatwillyouconjure.com

BF Island: bfisland.com


About BuzzFeed, Inc.

BuzzFeed, Inc. is home to the best of the Internet. Across pop culture, entertainment, shopping, food and news, our brands drive conversation and inspire what audiences watch, read, and buy now – and into the future. Born on the Internet in 2006, BuzzFeed is committed to making it better: providing trusted, quality, brand-safe news and entertainment to hundreds of millions of people; making content on the Internet more inclusive, empathetic, and creative; and inspiring our audience to live better lives.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260313571948/en/
Press Contact:

Juliana Clifton: juliana.clifton@buzzfeed.com

Lizzie Grams: lizzie.grams@buzzfeed.com


Original: Inside BuzzFeed's Secret Lab: Three Apps, a New Company, and a Bet on the Future of the Internet

Tasty Turns 10: A Decade of Viral Recipes, Culinary Innovation And Global Food CommunityMarch 9, 2026 2:29 PM
Business Wire
Award-Winning Food Brand to Mark 10 Year Anniversary with Slate Of New Recipes, Fan-Favorite Talent and Brown Bag Sandwich Co. Collaboration


Tasty, the beloved internet food brand, is celebrating its 10 year anniversary throughout March with new and fan-favorite shows, IRL collaborations and mouth-watering recipes launching throughout the month.


For 10 years, Tasty has shaped how the internet craves, cooks, and eats. From overhead recipe videos to long-form storytelling, from viral hacks to weeknight staples, Tasty helped define food culture online. Now, we’re celebrating the recipes, creators, and community that made it all possible.


As the internet’s most-viewed food brand and largest food network, Tasty is celebrating a decade of internet-defining recipe creation with new content and collaborations, including:


Collaboration with Brown Bag Sandwich Co.:



We’re putting a Tasty Twist on one of our most-cooked recipes, Crispy, Creamy Chicken Cordon Bleu, in collaboration with Brown Bag Sandwich Co., a new NYC sandwich shop owned by former Eleven Madison Park chef Antonio Barbieri. Tasty’s Chopped Chicken Cordon Bleu Hero features everything you love about our original recipe — crispy chicken, melty cheese and a zippy Dijon sauce — all in a trendy chopped format. 2016 nostalgia, meet 2026 food culture.



The Ultimate Tasty Recipe Snackdown:



From viral desserts to game-day classics, weeknight heroes to over-the-top showstoppers — the recipes that defined a generation will compete in a fan-voted bracket to crown the ultimate champion. Only one can win!



Lost In Translation:



Tasty alum Jasmine Pak returns to the Tasty kitchen in a brand new episode of Lost in Translation, where the recipes are rarely legible — but the journey is always deliciously unhinged.



Fan-Favorite Tasty Stars Return:



Beloved Tasty alums Rie McClenny and Alix Traeger return to the Tasty kitchen for a special 10th anniversary episode where they combine every flavor of instant ramen into a massive vat of “Franken-Soup” — and recount their favorite Tasty memories along the way.



Tasty’s New Tagline:



Stepping into the next decade of inspiring home cooks, Tasty has whipped up a new tagline to define the brand: The internet's kitchen.




As the #1 food brand on social, Tasty defines how the internet cooks. Built to spark cravings and powered by the largest food audience in the world, we spot what’s next and turn it into recipes millions actually make.



“Ten years ago, Tasty started as an experiment in how food could live on the internet: simple, joyful, and wildly shareable,” Ross Yoder, Head of Editorial. “A decade later, what we’re most proud of isn’t just the viral moments, but the global community of home cooks who grew up with us. This anniversary is about honoring the recipes, creators, and fans who made Tasty what it is, while continuing to push how food storytelling evolves in the next decade.”


“Tasty has always reflected how people actually cook, eat, and connect, and that’s never been more true than now,” said Brian Moreno, Head of Video Editorial. “From bringing back beloved talent to collaborating with chefs and brands shaping today’s food culture, our 10-year celebration bridges where we started with where food is headed. We’re excited to keep inspiring creativity in the kitchen, online and for years to come.”


About Tasty


As the #1 food brand on social, Tasty defines how the internet cooks. Built to spark cravings and powered by the largest food audience in the world, we spot what’s next and turn it into recipes millions actually make.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260309567986/en/
Lizzie Grams - lizzie.grams@buzzfeed.com


Original: Tasty Turns 10: A Decade of Viral Recipes, Culinary Innovation And Global Food Community

HuffPost Launches “Voices of Disabled People” as the First National News Section Devoted Entirely to Disability CoverageMarch 6, 2026 12:50 PM
Business Wire
New Section Centers the Stories of the 1 in 4 Adults in the U.S. Living with Disabilities


Today, HuffPost launched Voices of Disabled People, a HuffPost Voices vertical dedicated entirely to telling the stories and experiences of people living with disability. HuffPost is the first major news site to create a section focused solely on the 1 in 4 adults in the U.S. living with a disability.


With Voices of Disabled People, HuffPost continues to build on its legacy of inclusive, community-centered journalism and storytelling, ensuring that disability stories are a central and ongoing part of the national conversation, not an afterthought. HuffPost Voices was relaunched in 2022 under the leadership of Voices Director Raj Punjabi-Johnson.


HuffPost Voices Director Raj Punjabi-Johnson: Letter From The Editor


The section is launching with an exclusive interview with Alvin Ailey dancer Samantha Figgins, who discusses her recent decision to go public about living with a disability.


Read Samantha Figgins’ Story Here: Hearing Loss Couldn’t Stop Samantha Figgins From Mesmerizing the Masses


A quarter of adults in the United States live with a disability, making people with disabilities one of the nation’s largest minority groups. Yet historically, their perspectives have been marginalized in mainstream media. Voices of Disabled People seeks to address that gap by prioritizing first-person storytelling and nuanced reporting that reflects the breadth and individuality of disability experiences.


“Disability is not a monolith – it’s a spectrum of lived experiences,” said HuffPost Voices Director Raj Punjabi-Johnson. “With Voices of Disabled People, we are creating a dedicated space where individuals can share their stories authentically, on their own terms, and without being reduced to narratives of limitation or struggle.”


About HuffPost

HuffPost is the essential destination for news, politics and stories you can’t ignore. Millions of people trust HuffPost to deliver the unvarnished truth about the powerful, the popular and the personal. HuffPost reaches an average of 60M monthly global readers and has won numerous awards, including the Pulitzer Prize, The National Magazine Award, the GLAAD Award, and many others. HuffPost is your award-winning source for fierce, independent journalism.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260306352471/en/
Press Contact:

Lizzie Grams: lizzie.grams@buzzfeed.com


Original: HuffPost Launches “Voices of Disabled People” as the First National News Section Devoted Entirely to Disability Coverage

BZFD...................................................https://stockcharts.com/sc3/ui/?s=BZFD&p=W&b=5&g=0&id=p86431144783

BZFD.................................https://stockcharts.com/h-sc/ui?s=BZFD&p=W&b=5&g=0&id=p86431144783

$BZFD: Added 5k here at 2.30...........

Bullflag and C&H building off the bottom all at once.


$3 is the Target


GO $BZFD

BZFD.....................................................................................................................p/m

What are you thinking now? Sold their best asset and massive collapse,,,,lost a bundle now

BZFD, new 52 high

BZFD THE BEAST OF BUZZING MONSTERS AND NOT ONE IHUB CLOWN SEES IT

BZFD BREAK OUT

Can these warrants do what DJT warrants did 

BZFD WHAT A BUZZ!

Buzzing into gappa

THE BUZZ IS BUZZING AND A FEEDING IS TAKING PLACE

BZFD THE BUZZ HAS STARTED..EXPLOSION TIME

What is exercise price of warrant 

BUZZ FEED BREAK ABOVE WEEKLY CLOUD

BZFD.........................https://stockcharts.com/h-sc/ui?s=BZFD&p=W&b=5&g=0&id=p86431144783

BZFD................................https://stockcharts.com/h-sc/ui?s=BZFD&p=W&b=5&g=0&id=p86431144783

BZFD..............................https://stockcharts.com/h-sc/ui?s=BZFD&p=W&b=5&g=0&id=p86431144783

Oh cmon

Nice trip trade after the gap filled if u hit the downside

BZFD.....................https://stockcharts.com/h-sc/ui?s=BZFD&p=W&b=5&g=0&id=p86431144783

BZFD......................................https://stockcharts.com/h-sc/ui?s=BZFD&p=W&b=5&g=0&id=p86431144783

The 30% of the float short manipulator hedge funds criminals, are going to use every single form of corrupt manipulation to get today's past longs and new buyers to sell out,so the crooks can cover their shorts,they now know that this could possibly turn into like another $DJT craze and blows them through the roof.

BZFD $10 TARGET TODAY

BZFD........................................https://stockcharts.com/h-sc/ui?s=BZFD&p=W&b=5&g=0&id=p86431144783

BZFD..................https://stockcharts.com/h-sc/ui?s=BZFD&p=W&b=5&g=0&id=p86431144783

1:4 R/S .. ugh.

BZFD.................https://stockcharts.com/h-sc/ui?s=BZFD&p=W&b=5&g=0&id=p86431144783

LETS KEEP THAT ZOMBIE HOUR LINE UP FUNKY YA MONKEY

ARCA ARCA PANTS ON FIRE

bzfd looking good, ran huge last year too!

BZFD...GET READY TO RUMLE IN THE JUNGLE...THE BUZZ IS COMING

You missed out on one hell of a move here

BZFD 10Q due 3/25

Lots of dumping, but some fat orders getting bought up.... perhaps those are short- shares getting bought back up from the market to return to brokers?

BZFD: Slap that ASK, & call it DAPHNE???!!!

They always return for a run when you least expect. I would reckon it's not over. They improved their balance sheet, have some institutional investors yet and are trimming off some fat with unnecessary 16% of employees saving 23 million per a year in salaries and bonuses...

it sucks not to have a job, but I have no sympathy for the media... the past few years showed people's true colors everywhere you look. And all it took was a plan-demic...

Mind you, if you didn't complain when the US government was out destroying other governments and economies, one shouldn't complain going through the struggle here, that's the way I see it. IMHO

Let's see it settle in the mid .40s and return to retest .50s 108 million dollars added to the balance sheet, debt getting trimmed off, this may have a jump hop in its step yet!