BuzzFeed announces proposed majority stake investment by Byron Allen
Byron Allen will become Chairman and CEO, Jonah Peretti moves to President of BuzzFeed AI.
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In short: BuzzFeed agreed to a majority stake investment by Byron Allen, leading to a leadership shuffle and the divestment of assets to manage debt.
Byron Allen will become Chairman and CEO, Jonah Peretti moves to President of BuzzFeed AI.
Results will be released May 11, 2026 after market close, followed by a 5:00 PM ET conference call.
Revenue declined 2.4% to $185.3 million, while Adjusted EBITDA improved 61.4% to $8.8 million.
The call with CEO and CFO will be on March 12, 2026 after market close.
From viral quizzes to free streaming, Byron Allen plans to remake BuzzFeed and chase YouTube with AI-powered video.
LMR Investment Managers report warrants exercisable into 2,444,027 BuzzFeed Class A shares, about 6.3% of Class A, based on 36,296,018 outstanding shares.
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