Highest-materiality recent filing
BuzzFeed sells 4.22M shares at $1.44 to Byron Allen affiliate and others, raising ~$6.1M
Sold 4,000,000 shares at $1.44 to Allen Family Digital (Byron Allen affiliate), $5.76M proceeds.
BuzzFeed closes $120M majority stake sale to Byron Allen; Allen becomes Chairman and CEO
Allen Family Digital acquired 40M shares at $3.00/share ($120M total), gaining ~51% voting power.
BuzzFeed receives $120M majority investment from Byron Allen's family office; Q1 revenue $31.6M
Allen Family Digital to buy 40M shares at $3.00/share for $120M; $20M cash + $100M promissory note at 5% due 5 years.
BuzzFeed extends $5.0M payment to May 18; agrees to mandatory prepayments, $0.5M fee
Payment of $5.0M originally due April 30, 2026 extended to May 18, 2026 under Amendment No. 4.
BuzzFeed dismisses Deloitte as auditor, engages CBIZ; cites going concern and material weaknesses
Audit Committee dismissed Deloitte & Touche LLP on April 13, 2026; Deloitte reports for FY2024 and FY2025 included going-concern explanatory paragraph.
BuzzFeed Q4 revenue $56.5M (+0.6% YoY), full year net loss $57.3M, explores strategic options
Full year 2025 revenue $185.3M (-2.4% YoY); advertising -2.8%, content +9.4%.
BuzzFeed extends $5M debt repayment to Mar 6; receives Nasdaq bid-price deficiency notice
Second consent letter extends $5M principal repayment from Feb 27 to March 6, 2026 under Credit Agreement.
BuzzFeed Q3 revenue down 17% YoY to $46.3M; net loss of $7.4M vs net income year ago
Total revenue $46.3M, -17% YoY; net loss $7.4M vs net income $2.5M in Q3 2024.
BuzzFeed obtains $5M incremental loan commitment, $25M overadvance facility through Feb 2026
Incremental $5.0M term loan borrowed on Aug 25, 2025; mandatory repayment due Feb 20, 2026.
BuzzFeed Q2 revenue $46.4M (+13% YoY); net loss $10.6M, adj. EBITDA $2.0M
Revenue $46.4M, up 13% YoY; advertising $22.6M (-3%), content $10.7M (+53%), commerce $13.1M (+20%).
BuzzFeed redeems $29.7M convertible notes due 2026; equity plan shares increased
Redeemed all $29.7M of 2026 convertible notes plus $1.2M accrued interest for ~$30.9M total.
BuzzFeed secures $40M term loan, repays convertible notes, buys back 4.9% of shares
$40M term loan from Sound Point Agency LLC (SOFR+6.5%, floor 3.5%), matures May 23, 2028, secured by substantially all assets.
BuzzFeed Q1 net loss narrows to $12.5M; revenue $36M, advertising grows 2% YoY
Revenue $36.0M (-2.7% YoY); advertising grew to $21.4M (up 2.4% YoY) driven by programmatic +$2.5M.
BuzzFeed FY2024: rev $189.9M (-18%), net loss improves to $34M, adj EBITDA positive $5.5M
Full year 2024 revenue $189.9M, down 18% YoY; net loss from continuing ops improved to $34.0M from $55.7M.
Approximately 5% workforce reduction announced Feb 6, 2025, focused on streamlining HuffPost news operations.
BuzzFeed sells First We Feast for $82.5M cash; reduces debt to ~$30M
Sold First We Feast to consortium led by Soros Fund Management affiliate for $82.5M all-cash, closing Dec 11, 2024.
BuzzFeed Q3 revenue $64.3M (+7% YoY), net income $2M, Adj. EBITDA $11M; CAO resigns
Revenue $64.3M (+7% YoY); net income from continuing ops $2M vs $(12)M loss in Q3 2023.
BuzzFeed amends indenture to allow earlier optional repurchase of 8.50% Convertible Notes due 2026
Holders may require repurchase on Dec 3, 2024 if notice delivered by Nov 22, 2024.
BuzzFeed Q2 net loss narrows to $6.5M; Adj EBITDA turns positive at $2.7M
Revenue $46.9M, down 24% YoY; net loss from continuing ops improved to $(6.5)M from $(22.5)M.
BuzzFeed ups ATM to $150M from ~$9M; reaffirms Q2 rev $44-49M, Adj EBITDA -$4M-$1M
ATM program increased to $150M aggregate offering price from prior limit of ~$9M (based on $2.71 close on July 3, 2024).
BuzzFeed regains compliance with Nasdaq minimum bid price requirement
Nasdaq confirmed compliance on May 20, 2024, after bid price remained above $1.00 for 10 consecutive business days.
BuzzFeed CEO Peretti cuts salary to $115k; awards 6.8M options to employees
CEO salary reduced from $325k to $115k; awarded options for 414k shares.
BuzzFeed Q1 revenue $44.8M (-18% YoY), net loss $26.6M, adj EBITDA loss $11.3M
Q1 revenue $44.8M, down 18% YoY; advertising $21.4M (-22%), content $13.1M (-19%), commerce $10.2M (-9%).
BuzzFeed gets Nasdaq delisting notice for audit committee; shareholders approve reverse split
Nasdaq notified BuzzFeed on April 26, 2024 of noncompliance because audit committee has only 2 members after annual meeting.
BuzzFeed Q4 revenue down 26% to $75.7M; full-year net loss $60.3M; sells Complex Networks
Q4 revenue $75.7M (-26% YoY); advertising $31.9M (-25%), content $27.0M (-34%), commerce $16.7M (-8%).
Second supplemental indenture amends 8.50% Convertible Senior Notes due 2026, dated Feb 28, 2024.
BuzzFeed sells Complex to NTWRK for $108.6M cash; cuts 16% of workforce, guides Q4 rev $73-78M
Sale of Complex Networks for $108.6M cash closed Feb 21; proceeds used to redeem $30.9M of convertible notes and repay $35.5M of credit facility.
BuzzFeed gets extra 180 days to meet Nasdaq $1 bid price rule; stock moving to Capital Market
Nasdaq granted second compliance period until May 28, 2024 to regain $1 minimum bid price.
BuzzFeed Q3 revenue down 29% to $73.3M; adjusted EBITDA turns positive at $3.1M
Advertising revenue fell 35% YoY to $32.6M; content revenue down 32% to $26.2M.
BuzzFeed Q2 revenue down 27% to $77.9M; net loss $27.8M, guided Q3 revenue $73-78M
Q2 revenue $77.9M, down 27% YoY; advertising revenue fell 33% to $35.4M.
BuzzFeed enters $7.35M overadvance facility through Aug 31; interest rate increases
Permitted overadvances up to $7,350,000 from June 29 to August 31, 2023.
BuzzFeed enters ATM equity offering for up to 13.3M shares; proceeds for general purposes
ATM agreement with Craig-Hallum to sell up to 13,266,011 shares of Class A common stock.
BuzzFeed receives Nasdaq delisting notice for bid price below $1.00
Nasdaq notified BuzzFeed on May 31, 2023 that its stock closed below $1.00 for 30 consecutive business days.
BuzzFeed Q1 revenue falls 27% to $67.2M; net loss narrows to $36.3M
Revenue $67.2M (-27% YoY); ad revenue $34.2M (-30%), content $21.6M (-33%), commerce +6% to $11.3M.
BuzzFeed cuts 15% of workforce, shuts BuzzFeed News; estimates $7-11M in restructuring charges
Workforce reduction of ~15% across all teams; BuzzFeed News closed as standalone brand; HuffPost remains.
the Board appointed the following directors (the "New Directors") to the Board to fill the vacancies, effective as of the Closing Date: • Byron Allen as a Class I director; • Chris Malone as a Class I director; • Eric Gould as a Class III director; • Sydnie Karras as a Class III director; and • Terence Hill as a Class III director.
the Board appointed the following directors (the "New Directors") to the Board to fill the vacancies, effective as of the Closing Date: • Byron Allen as a Class I director; • Chris Malone as a Class I director; • Eric Gould as a Class III director; • Sydnie Karras as a Class III director; and • Terence Hill as a Class III director.
In connection with the Transaction, Gregory Coleman resigned from the Board and the Audit Committee, the Compensation Committee and the Nominating, Corporate Governance, and Corporate Responsibility Committee of the Board on May 11, 2026, effective as of the Closing Date.
the Board appointed the following directors (the "New Directors") to the Board to fill the vacancies, effective as of the Closing Date: • Byron Allen as a Class I director; • Chris Malone as a Class I director; • Eric Gould as a Class III director; • Sydnie Karras as a Class III director; and • Terence Hill as a Class III director.
In connection with the Transaction, Jonah Peretti resigned as Chief Executive Officer of the Company and Chairman of the Board on May 11, 2026, effective as of the Closing Date.
the Board appointed the following directors (the "New Directors") to the Board to fill the vacancies, effective as of the Closing Date: • Byron Allen as a Class I director; • Chris Malone as a Class I director; • Eric Gould as a Class III director; • Sydnie Karras as a Class III director; and • Terence Hill as a Class III director.
In connection with the Transaction and pursuant to the Stock Purchase Agreement, on May 11, 2026, the Board appointed Byron Allen to serve as Chief Executive Officer, a Class I director and Chairman of the Board, effective as of the Closing Date.
On November 7, 2024, Daniel Weinstein announced his intention to resign as Chief Accounting Officer of the Company, effective November 20, 2024, in order to accept a position outside of the Company.
On March 6, 2024, Mr. Patrick Kerins notified the board of directors that he has decided not to stand for re-election as a director of BuzzFeed, Inc.
On December 29, 2023, Marcela Martin announced her intention to resign as President of BuzzFeed, Inc. (the “Company”), effective January 12, 2024, in order to pursue other opportunities.
On October 23, 2023, Felicia DellaFortuna announced their intention to resign as Chief Financial Officer of BuzzFeed, Inc. (the “Company”), effective November 6, 2023, in order to accept a position outside of the Company.
On October 23, 2023, the Company appointed Matthew Omer, age 40, to succeed Ms. DellaFortuna as Chief Financial Officer as of November 6, 2023.
Max materiality 0.95 · Median 0.65 · Most common event debt