Redeemable Noncontrolling Interest

9 Months Ended

Sep. 30, 2023

Redeemable Noncontrolling InterestThe redeemable noncontrolling interest represented BuzzFeed Japan, which was held by Yahoo Japan. On May 17, 2022, Yahoo Japan transferred its interests in BuzzFeed Japan to other third parties. The agreements with the third parties do not contain any put rights. As such, on May 17, 2022, the Company reclassified the former redeemable noncontrolling interest to nonredeemable noncontrolling interest that is presented within Stockholders’ equity permanent equity on the Company’s condensed consolidated balance sheet, with no adjustment to the prior periods presented.

The table below presents the reconciliation of changes in redeemable noncontrolling interest:


	2023		2022
Balance as of January 1,	$	—	$	2,294
Allocation of net income	—		164
Balance as of March 31,	$	—	$	2,458

Allocation of net income (loss)	—		—
Reclassification to permanent equity	—		(2,458)
Balance as of June 30,	$	—	$	—
Allocation of net income (loss)	—		—
Balance as of September 30,	$	—	$	—