NASDAQ:BZFD

BuzzFeed, Inc. Announces 1-For-4 Reverse Stock Split

Retrieved on: 
Thursday, May 2, 2024
Technology, Entertainment, Online, Communications, Mobile Entertainment, Media, Other Entertainment, General Entertainment, Internet, Social Media, Transfer, Sale, Class, Employee stock purchase plan, CUSIP, BZFD, Security (finance)

The new CUSIP number following the reverse stock split will be 12430A300.

Key Points: 
  • The new CUSIP number following the reverse stock split will be 12430A300.
  • The reverse stock split will affect all stockholders uniformly and will not alter any stockholder’s percentage ownership interest in the company, except to the extent that the reverse stock split results in that stockholder owning a fractional share as described in more detail below.
  • The reverse stock split will reduce the number of shares of Class A common stock issued and outstanding from approximately 140,961,058 to approximately 35,240,370 and the number of shares of Class B common stock issued and outstanding from approximately 5,473,940 to approximately 1,368,493.
  • Continental Stock Transfer and Trust Company (“Continental”), the Company's transfer agent, will act as the exchange agent for the reverse stock split.

BuzzFeed, Inc. to Release First Quarter 2024 Financial Results on Monday, May 13, 2024

Retrieved on: 
Monday, April 22, 2024
Social Media, Internet, Publishing, Media, Communications, Online, Technology, Entertainment, News, Webcast, Conference, URL, BZFD, Cryptocurrency

BuzzFeed, Inc. (NASDAQ: BZFD) today announced plans to release first quarter 2024 financial results on Monday, May 13, 2024 after the market closes.

Key Points: 
  • BuzzFeed, Inc. (NASDAQ: BZFD) today announced plans to release first quarter 2024 financial results on Monday, May 13, 2024 after the market closes.
  • Founder and CEO Jonah Peretti and CFO Matt Omer will host a conference call to discuss the results at 5:00 PM ET.
  • The financial results conference call will be available via webcast at investors.buzzfeed.com under the heading News & Events.
  • The company will also host one-on-one meetings virtually with investors on Thursday, May 16, 2024 as part of the 19th Annual Needham Technology, Media & Consumer Conference.

The Independent and BuzzFeed Sign Long-Term License and Strategic Partnership in UK & Ireland

Retrieved on: 
Thursday, March 28, 2024
Technology, Social Media, Millennials, Consumer, Media, Electronic Commerce, Other Communications, Publishing, Public Relations, Investor Relations, Marketing, Advertising, Communications, Internet, Generation Z, Editorial, Growth, BZFD, Partnership, The Independent, International, Lidl, Social media, BuzzFeed, Independent Television, Digital News, HuffPost

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.

Key Points: 
  • 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.
  • “We are thrilled to partner with The Independent, a powerhouse UK media company with vast experience in publishing.
  • Seasoned is BuzzFeed UK’s homegrown Black British identity brand that boasts the award-winning podcast, Seasoned Sessions, and a growing list of commercial partnerships.

BuzzFeed, Inc. Makes Strategic & Organizational Changes to Improve Profitability After Challenging Q4 and Full Year 2023

Retrieved on: 
Monday, March 25, 2024
Social Media, Search Engine Optimization, Blogging, Publishing, Technology, Public Relations, Investor Relations, Finance, Marketing, Advertising, Banking, General Entertainment, Communications, Professional Services, Telecommunications, Entertainment, Internet, Editorial, Forecasting, Digital, Vox Media, Comscore, Telephone, Complex, Webcast, Complex Networks, URL, Regulation, Classification, News, AI, Bustle (magazine), Table, Disclosure, Bank statement, Commerce, Adjustment, Regulation Fair Disclosure, Content, Apple News, GAAP, Video game

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.

Key Points: 
  • 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.
  • “Three months into 2024, it’s clear BuzzFeed and digital media are at an inflection point,” said Jonah Peretti, BuzzFeed Founder & CEO.
  • As such, the historical financial results of Complex Networks have been reflected as discontinued operations in our consolidated financial statements.
  • However, the historical Time Spent on First We Feast cannot be reasonably bifurcated from Time Spent on Complex Networks.

BuzzFeed, Inc. Announces Sale of Complex to NTWRK in All-Cash Deal

Retrieved on: 
Wednesday, February 21, 2024
Technology, Publishing, Entertainment, Communications, Audio, Video, General Entertainment, Internet, Social Media, Retail, Online Retail, CFO, HuffPost, AI, Complex, Sale, Peretti, Commerce, Hot Ones, GAAP, URL, Webcast, News, LLP, First We Feast, Workforce, UBS, BZFD, Pharmaceutical industry

The divestiture of Complex is expected to enhance the company’s profitability and allow for greater focus on BuzzFeed, HuffPost, First We Feast (including Hot Ones) and Tasty.

Key Points: 
  • The divestiture of Complex is expected to enhance the company’s profitability and allow for greater focus on BuzzFeed, HuffPost, First We Feast (including Hot Ones) and Tasty.
  • Additionally, the cash proceeds from the sale of Complex will enable BuzzFeed, Inc. to take meaningful steps toward strengthening its balance sheet and improving liquidity.
  • The company acquired “Complex Networks” in December 2021 for approximately $198 million in cash and $96 million in equity.
  • First We Feast (including Hot Ones) was not sold to NTWRK and remains within BuzzFeed, Inc.

BuzzFeed Studios And Acast Launch New Podcast, “I Know That’s Right” Presented By HuffPost

Retrieved on: 
Friday, November 3, 2023
Other Communications, Other Entertainment, Publishing, Public Relations, Investor Relations, Marketing, Media, Advertising, Communications, Apps, Applications, Other Technology, Mobile, Wireless, Entertainment, Software, Social Media, Networks, Search Engine Optimization, Search Engine Marketing, Internet, Blogging, Consumer Electronics, General Entertainment, Technology, Women, Podcast, Audio, Video, Consumer, Google Podcasts, BZFD, Job Creators Network, Apple Podcasts, SVP, Human, News, HuffPost, Amazon Music, Culture, Partnership, I Know, Music, Acast, Spotify, BuzzFeed

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 .

Key Points: 
  • 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.
  • “BuzzFeed Studios and HuffPost are thrilled to spotlight Taryn Finley’s unique takes on pop culture and the internet with our new podcast, I Know That’s Right,” said Paul Ricci, head of unscripted for BuzzFeed Studios.
  • Acast will make I Know That’s Right widely accessible to listeners by distributing it across all podcast platforms, including Apple Podcasts, Spotify, Amazon Music, Google Podcasts, and wherever else audiences get their podcasts.

BuzzFeed, Inc. Announces Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 2, 2023
Social Media, Search Engine Optimization, Blogging, Publishing, Technology, Public Relations, Investor Relations, Finance, Marketing, Advertising, Banking, General Entertainment, Communications, Professional Services, Telecommunications, Entertainment, Internet, URL, BZFD, Regulation, Time spent listening, Telephone, EBITDA, Commerce, News, New Çeltek events, GAAP, Disclosure, Content, Comscore, Peretti, Webcast, Regulation Fair Disclosure, Editorial, Forecasting, Table, IP, Apple News, Video game, Bookkeeping, Adjustment, BuzzFeed

Please 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 results.

Key Points: 
  • Please 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 results.
  • These statements are forward-looking and actual results may differ materially as a result of many factors.
  • Refer to “Forward-Looking Statements” below for information on factors that could cause our actual results to differ materially from these forward-looking statements.
  • BuzzFeed’s management team will hold a conference call to discuss our third quarter 2023 results today, November 2, at 5PM ET.

First We Feast Wins New York Emmy For ‘Hungry For More: The Movement To Save New York’s Chinatown’

Retrieved on: 
Tuesday, October 31, 2023
Other Entertainment, Entertainment, Film & Motion Pictures, Human-interest story, Racism, Culture, Organization, New York Emmy Awards, Movement, First We Feast, Film industry

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.

Key Points: 
  • 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 documentary from First We Feast tells the stories of the small mom-and-pop businesses that make up New York City’s Chinatown and play an integral role in the culture and cuisine of New York City.
  • Hungry For More: The Movement to Save New York’s Chinatown’s Executive Producers are Nicola Linge and Chris Schonberger; Justin Bolois, Executive Producer; Danny Lee, Executive Producer; Sharlene Chiu, Executive Producer & Director; and Gene Lee, Executive Producer.

BuzzFeed, Inc. Announces Chief Financial Officer Succession Plan

Retrieved on: 
Thursday, October 26, 2023
Technology, Other Retail, Online, Books, TV and Radio, Film & Motion Pictures, Music, Retail, Publishing, Entertainment, General Entertainment, Marketing, Celebrity, Advertising, Communications, Social Media, Telecommunications, Search Engine Marketing, Blogging, Internet, URL, BZFD, Treasury, Telephone, New Çeltek events, DSP, News, Growth, Home care, Webcast, CFO, KPMG, Treasurer, Management, Cryptocurrency, Finance, BuzzFeed

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.

Key Points: 
  • 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.
  • Omer has been at BuzzFeed since 2019, leading Finance and Treasury — and serving as a critical partner to DellaFortuna through all recent transactions.
  • DellaFortuna joined BuzzFeed in 2015 as Senior Director of Finance, and has been the Company’s CFO since February 2020.
  • The financial results conference call will be available via webcast at investors.buzzfeed.com under the heading News and Events.

ComplexCon 2023 Unveils New Experiences from Returning Title Sponsors eBay, Espolòn Tequila, and Toyota

Retrieved on: 
Tuesday, September 26, 2023
Fashion, Online Retail, Retail, Digital Marketing, Communications, Social Media, Public Relations, Investor Relations, Music, Partnership, Food, Culture, Historically black colleges and universities, CACTUS, EBay, Long Beach Polytechnic High School, Love, Long Beach Convention and Entertainment Center, Tequila, News, VIP, Complex, Nightclub, Amusement park, University

Additional details on ComplexCon’s new and returning experiences will be announced soon.

Key Points: 
  • Additional details on ComplexCon’s new and returning experiences will be announced soon.
  • On the heels of successful streetwear collaborations, Espolòn® Tequila will be popping up in Long Beach, CA at ComplexCon as the Official Tequila Sponsor.
  • Those workshops will then be brought to the ComplexCon show floor enabling the entire ComplexCon community to participate.
  • The week will then be capped off with the official "ComplexCon After Party," brought to you by Toyota.