Banzai Reports Third Quarter 2024 Financial Results; Annualized Adjusted Net Loss Improvement of $12.2 Million
Banzai International, Inc. - Class A (BNZI)
Company Research
Source: GlobeNewswire
Q3 2024 Annual Recurring Revenue Increased by 31% Annualized to $4.4 Million, a 7% Sequential Increase from Q2 2024 Q3 2024 Annualized Adjusted Net Loss Improved by $12.2 Million, a $3.0 Million Sequential Increase to ($1.45) Million, Bringing the Company Closer to Profitability Management to Host Third Quarter 2024 Results Conference Call Today, November 14, 2024 at 5:30 p.m. Eastern Time SEATTLE, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Key Financial & Operational Highlights Q3 2024 Annual Recurring Revenue (ARR) of $4.4 million, a 7% sequential increase from Q2 2024. This represents a 31% annualized ARR growth rate.Q3 2024 Adjusted Net Loss was ($1.45) million, a $3.0 million sequential improvement from Q2 2024
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BNZI
News
- Banzai Signs Acquisition of Vidello, Growing TTM Revenue 59% to $17.3M and Adding $2.3M in EBITDAGlobeNewswire
- Banzai Completes Acquisition of OpenReel, Expects to Exceed $10.0 Million 2024 Revenue GuidanceGlobeNewswire
- Banzai Appoints Nancy Norton as Chief Legal OfficerGlobeNewswire
- Banzai Announces Definitive Agreement to Acquire OpenReel, Growing TTM Revenue 152% to $10.9MGlobeNewswire
- Banzai to Participate in the iAccess Alpha Virtual Best Ideas Winter Conference on December 10-11, 2024GlobeNewswire
BNZI
Sec Filings
- 12/23/24 - Form SCHEDULE
- 12/20/24 - Form 8-K
- 12/19/24 - Form 8-K
- BNZI's page on the SEC website