BuzzFeed SPAC Presentation Deck

BuzzFeed Expansion and Diversification of Business Model November 2006 Jonah Peretti launches BuzzFeed Lab Experimentation to Grow Audience (1) (2) January 2012 Launches BuzzFeed News June 2014 Releases DEAR KITTEN as the first branded video content August 2015 & November 2016 Surpasses OOM in revenue Invests $400M in BuzzFeed NBC UNIVERSAL Topline Growth November July 2015 2014 Launches TASTY August 2017 Launches programmatic advertising November 2016 BuzzFeed Launches PRODUCT LABS laying the groundwork for revenue diversification August 2018 Launches BuzzFee REVIEWS driving affiliate, programmatic and content licensing March 2018 December 2018 Revenue Model Diversification Tasty kitchenware line debuts at Walmart >$100M in revenue from new revenue streams October 2018 Creates BuzzFeed Exchange, a unified programmatic offering BFX Note: Adj. EBITDA excludes stock-based compensation and other net income/expense. Revenue CAGR and Adj. EBITDA include Complex, excludes go90. Deal signed in March 2021 and expected to close in connection with the proposed transaction. Deal signed in November 2020 and closed in February 2021. July 2020 Partnership w/ LIONSGATE to produce feature films March 2021 Signs Definitive Agreement to acquire verizon media COMPLEX™ NETWORKS. November 2020 Profitable Revenue Growth Acquires (2) IHUFFPOSTI (1) becomes a minority shareholder $20-'24 Revenue CAGR ~26% '24 Adj. EBITDA Margin ~25% STRICTLY PRIVATE AND CONFIDENTIAL 12

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