BRIEF-Buzzfeed, Inc. Makes Strategic & Organizational Changes To Improve Profitability After Challenging Q4 And Full Year 2023

Reuters03-26

March 25 (Reuters) - BuzzFeed Inc :

* BUZZFEED, INC. MAKES STRATEGIC & ORGANIZATIONAL CHANGES TO IMPROVE PROFITABILITY AFTER CHALLENGING Q4 AND FULL YEAR 2023

* BUZZFEED INC - COMPANY RENEWS FOCUS ON HIGH-MARGIN REVENUE STREAMS AND OWNED & OPERATED PROPERTIES AND STRENGTHENS BALANCE SHEET FOR 2024

* BUZZFEED INC SEES Q1 OVERALL REVENUES IN RANGE OF $42 TO $44 MILLION, OR 20% TO 23% LOWER THAN Q1 2023

* BUZZFEED INC: QTRLY NET INCOME FROM CONTINUING OPERATIONS PER CLASS A, CLASS B AND CLASS C COMMON SHARE $0.03

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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