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27.05.25 - 15:06
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BuzzFeed, Inc. Secures $40 Million Loan (Business Wire)
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New Credit Agreement Enables BuzzFeed, Inc. to Eliminate Convertible Debt in Full and Purchase 4.7% of Its Class A Common StockNEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) today announced it has entered into a new $40 million term loan provided by Sound Point Agency LLC. The agreement will offer BuzzFeed increased financial flexibility to support its business operations, simplify its capital structure, and invest in strategic initiatives.
BuzzFeed intends to use a portion of the proceeds to repay, in full, its outstanding convertible notes. Once that redemption process is completed, BuzzFeed will have fully terminated its convertible debt obligations.
The company also agreed to purchase 1,826,845 shares of its Class A common stock in a privately negotiated transaction with a single shareholder at a price of $1.824 per share. The transaction currently represents 4.9% of BuzzFeed's Class A common stock outstanding.
The new credit facility enhances BuzzFeed\...
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07.05.25 - 15:03
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BuzzFeed, Inc. Reports Q1 2025 Results and Continues to Advance High-Margin Revenue Lines and Strategy for Long-Term Growth (Business Wire)
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Company Taps AI to Amplify Human Creativity, Audience Engagement, and Efficiency Tools Across Publishing Business
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) today announced its financial results for the quarter ended March 31, 2025. The Company continued to execute on its strategy to improve profitability, expand scalable, high-margin revenue streams, and invest in future-oriented innovation.
“This quarter reflects the strength of our core publishing business and the momentum we're building with AI-assisted tools,” said Jonah Peretti, BuzzFeed Founder and CEO. “Editorial output increased this quarter, and a new AI tool we're piloting improved pageviews per article by an average of 25%. We're also seeing new user behaviors emerge as audiences engage with AI-powered creation formats on BuzzFeed, and we're excited to build on that with the development of BF Island.”
“We started 2025 with strong execution and continued margin improvement,” sa...
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25.04.25 - 16:57
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CORRECTING and REPLACING BuzzFeed, Inc. to Release First Quarter 2025 Financial Results on Wednesday, May 7, 2025 (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Please replace the release dated April 21, 2025 with the following corrected version which updates the date and time for the earnings and conference call.
The updated release reads:
BUZZFEED, INC. TO RELEASE FIRST QUARTER 2025 FINANCIAL RESULTS ON WEDNESDAY, MAY 7, 2025
BuzzFeed, Inc. (NASDAQ: BZFD) today announced plans to release first quarter 2025 financial results on Wednesday, May 7, 2025. BuzzFeed Founder and CEO Jonah Peretti and CFO Matt Omer will host a conference call to discuss the results at 2:00 PM ET / 11:00 AM PT.
The financial results conference call will be available via webcast at investors.buzzfeed.com under the heading News & Events. A replay of the call will be made available at the same URL. 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 pop culture, entertainment, shopping, food and news, our brands drive conversation and inspire what audienc...
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21.04.25 - 22:21
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BuzzFeed, Inc. to Release First Quarter 2025 Financial Results on Thursday, May 8, 2025 (Business Wire)
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NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (NASDAQ: BZFD) today announced plans to release first quarter 2025 financial results on Thursday, May 8, 2025 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 via webcast at investors.buzzfeed.com under the heading News & Events. A replay of the call will be made available at the same URL. 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 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 Int...
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23.03.25 - 02:03
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Jonah Peretti helped shaped digital media — can he do it again? (TechCrunch)
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Jonah Peretti's career to date has been defined by constant reinvention. As the founder and CEO of BuzzFeed, Peretti has been at the forefront of digital media for almost two decades, navigating changes as the once small startup transformed into, at one point, a multimedia powerhouse. But as the company grows older, one question lingers: […]...
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13.03.25 - 21:06
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BuzzFeed, Inc. Completes Strategic and Organizational Changes Following a Transformative 2024 (Business Wire)
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Company Strengthens Balance Sheet, Grows High-Margin Revenue Streams, and Expands AI-Driven Innovation
NEW YORK--(BUSINESS WIRE)--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 has always been at the forefront of digital media, evolving with industry shifts and embracing new technologies,” said Jonah Peretti, BuzzFeed Founder & CEO. “2024 was a transformational year as we strengthened our fundamentals, streamlined operations, and scaled our high-margin revenue streams. By leveraging AI to optimize our tech and advertising, e...
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