Banzai exceeds full year revenue expectations with 285% growth

SEATTLE - Banzai International, Inc. (NASDAQ: BNZI), a prominent marketing technology company currently valued at $6.62 million in market capitalization, announced a significant overachievement in its full-year 2024 revenue, surpassing its own guidance by 75%. The preliminary unaudited pro-forma revenue reached $17.5 million for the year ended December 31, 2024, marking a 285% increase from the previous year. According to InvestingPro analysis, the stock appears undervalued at current levels, despite facing significant market challenges with a 97% decline over the past year.

The company’s financial success is attributed to the robust organic growth and strategic acquisitions of Vidello and OpenReel, which contributed approximately $13 million in revenue. While maintaining a healthy gross profit margin of 68.42%, these acquisitions not only fueled the revenue surge but also played a key role in Banzai’s improved financial position, with a remarkable $22.3 million increase in stockholders’ equity since September 30, 2024. InvestingPro subscribers have access to 12 additional key insights about BNZI’s financial health and market performance.

As of February 28, 2025, the company’s total stockholders’ equity showed a significant turnaround from a deficit of $22.8 million to approximately a $0.5 million deficit. This financial advancement is a stepping stone towards the anticipated acquisition of Act-On Software, Inc., which was publicly disclosed on January 23, 2025.

Joe Davy, Founder and CEO of Banzai, expressed confidence in the company’s trajectory, highlighting the contributions of Vidello’s advanced video marketing suite and OpenReel’s digital video creation platform. He also projected an increase in EBITDA of approximately $2 million for the twelve-month period ended December 31, 2024, on a pro-forma basis.

Banzai’s momentum is expected to continue as the company progresses with its acquisition strategy and capitalizes on its enhanced financial flexibility. The full financial results for the year 2024 will be disclosed in the near future, providing a more comprehensive view of the company’s performance.

The information presented in this article is based on a press release statement and reflects the company’s performance and strategic initiatives as of the stated period. With BNZI’s next earnings report due on April 2, 2025, investors can access comprehensive financial analysis and real-time updates through InvestingPro’s advanced analytics platform.

In other recent news, Banzai International has finalized its acquisition of Vidello Limited, a move anticipated to enhance the company’s revenue by $6.5 million and EBITDA by $2 million for the year ending December 31, 2024. This acquisition, settled with a cash payment and issuance of shares, is expected to bolster Banzai’s portfolio of AI-powered marketing tools and expand its market reach. The company also confirmed its compliance with Nasdaq’s stockholders’ equity requirements, securing its continued listing on The Nasdaq Capital Market. Additionally, Banzai unveiled CreateStudio 4.0, the latest version of its video creation software, which now includes new AI features to streamline video production.

Shareholders at Banzai’s special meeting approved several key proposals, including the issuance of Class A Common Stock in connection with a merger with ClearDoc, Inc., and an increase in shares available under the 2023 Equity Incentive Plan. These approvals align with Nasdaq Listing Rule 5635(d) and reflect a strategic direction supported by the majority of voting shareholders. The company’s leadership expressed satisfaction with these developments, highlighting their potential to facilitate future business growth and governance improvements.

Banzai’s acquisition of Vidello is seen as a strategic move to enhance its offerings, including the acclaimed CreateStudio app, and is expected to complement its existing services. The company aims to provide comprehensive marketing and sales solutions to notable clients such as Cisco, New York Life, and Hewlett Packard Enterprise. These recent developments underscore Banzai’s commitment to expanding its capabilities and maintaining compliance with market regulations.

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