BuzzFeed shares surge 20.81% intraday after partnering with Hulu on R. Kelly documentary.

BuzzFeed surged 20.81% intraday following reports that Hulu and BuzzFeed News are developing a documentary on R. Kelly examining sexual abuse allegations. The collaboration with Hulu, a major streaming platform, signals expanded content partnerships and potential revenue growth through high-profile investigative projects. While social media commentary on the topic was mixed, the partnership itself likely boosted investor confidence in BuzzFeed’s editorial and commercial prospects. Other news, including a Japanese actress’s social media activity and a visa denial in Beijing, were deemed unrelated to the stock’s movement. The intraday rally aligns with the strategic value of the Hulu collaboration, overshadowing peripheral discussions about R. Kelly.