SEATTLE, April 08, 2025 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ:BNZI) ("Banzai" or the "Company"), a leading marketing technology company that provides essential marketing and sales solutions, today announced that Joe Davy, Founder & CEO, and Alvin Yip, CFO, will present at the Emerging Growth Conference on April 17, 2025. Emerging Growth Conference Details: Date:Thursday, April 17, 2025Time:1:45 p.m. Eastern Time (10:45 a.m. Pacific Time)Webcast Registration:https://goto.webcasts.com/starthe ...

Fully Satisfies Outstanding Debt Obligations to Key Vendors and Delivers Material Benefit to Net Income and Shareholders' Equity SEATTLE, April 07, 2025 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ:BNZI) ("Banzai" or the "Company"), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it has paid off approximately $20.3 million of outstanding debt obligations in total through the first quarter of 2025. The Company completed the debt rep ...

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Core Insights - Banzai International, Inc. reported preliminary unaudited revenue of $17.5 million for the year ended December 31, 2024, exceeding guidance by 75% and representing a 285% increase year-over-year [2][3][4] Revenue Results - The preliminary unaudited revenue of $17.5 million includes full-year revenue from the recently closed acquisitions of Vidello and OpenReel, contributing significantly to the overall growth [3][7] - The revenue growth was primarily driven by strong organic growth and contributions from the Vidello and OpenReel acquisitions, which added approximately $13 million in revenues [7][8] Stockholders' Equity Improvement - As of February 28, 2025, Banzai's total stockholders' equity increased by approximately $22.3 million, improving from a deficit of $22.8 million on September 30, 2024, to approximately ($0.5) million [5][8] Acquisition Progress - The company is making progress toward closing the acquisition of Act-On Software, Inc., with a definitive agreement announced on January 23, 2025 [6]

Core Insights - Banzai International, Inc. reported preliminary unaudited revenue of $17.5 million for the year ended December 31, 2024, exceeding guidance by 75% and representing a 285% increase year-over-year [2][3][4] Revenue Results - The preliminary unaudited revenue of $17.5 million includes full-year revenue from the recently closed acquisitions of Vidello and OpenReel, contributing significantly to the overall growth [3][7] - The revenue growth was primarily driven by strong organic growth and contributions from the Vidello and OpenReel acquisitions, which added approximately $13 million in revenues [7][8] Stockholders' Equity Improvement - Banzai's stockholders' equity increased by approximately $22.3 million from a deficit of $22.8 million on September 30, 2024, to approximately ($0.5) million as of February 28, 2025 [5][8] Acquisition Progress - The company is making progress toward closing the acquisition of Act-On Software, Inc., with a definitive agreement announced on January 23, 2025 [6][8]

Core Insights - Banzai International, Inc. has acquired Vidello, enhancing its AI-driven marketing tools and video solutions [1][5] - Vidello, based in London, serves over 90,000 customers with its video marketing tools, including the top-rated CreateStudio product [2] - The acquisition is projected to add approximately $6.5 million in revenue and $2 million in EBITDA to Banzai for the twelve months ending December 31, 2024 [4] Company Overview - Vidello provides essential video marketing and hosting tools for online businesses, aimed at enhancing engagement through high-quality video content [2][7] - Banzai specializes in AI-enabled marketing and sales solutions, targeting businesses of all sizes, with notable clients including Cisco and New York Life [7] Strategic Implications - The acquisition aligns with Banzai's strategy to build a comprehensive suite of video products, as stated by Banzai's CEO [3] - FE International acted as the exclusive M&A advisor for Vidello, facilitating a transaction that meets the strategic objectives of both companies [5][8]

Core Insights - Banzai International, Inc. has launched CreateStudio 4.0, an updated version of its video creation app, which incorporates advanced A.I. technology to enhance user experience and efficiency in video production [1][4]. Product Features - CreateStudio 4.0 includes three new A.I.-powered video builders: Video Sales Letter Builder, Explainer Video Builder, and A.I. Shorts Builder, designed to simplify video creation for users [2][6]. - Additional features include an Audio Visualizer, Call to Action scenes, A.I. Hook Generator, Image & Video Swap functionality, UI improvements, and an A.I. Assistant for various tasks such as image generation and voiceover creation [3][6]. Company Background - Banzai is a marketing technology company focused on providing A.I.-enabled marketing and sales solutions to businesses of all sizes, aiming to enhance customer engagement and measurement [6][7]. - Vidello, a subsidiary of Banzai, specializes in video hosting and marketing tools, supporting online businesses in leveraging video for growth [5][6].

Core Points - Banzai International, Inc. has demonstrated compliance with Nasdaq's minimum stockholders' equity requirement, allowing its securities to continue trading on The Nasdaq Capital Market [1][3] - The company previously faced a notification regarding its market value being below the minimum requirement, which led to a hearing and a request for a phase-down to The Nasdaq Capital Market [2] - Following the acquisition of Vidello Limited, Banzai filed a Form 8-K showing compliance with the stockholders' equity requirement, resulting in the closure of the Nasdaq compliance review [3] Company Overview - Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes, aiming to help customers grow by effectively targeting, engaging, and measuring both new and existing customers [4] - The company's clientele includes notable names such as Cisco, New York Life, Hewlett Packard Enterprise, and Thermo Fisher Scientific, among thousands of others [4]

Core Viewpoint - Banzai International, Inc. has successfully acquired Vidello, enhancing its portfolio with next-generation video creation, editing, and marketing solutions, which is expected to drive revenue and EBITDA growth [1][2][3] Company Overview - Banzai is a marketing technology company focused on providing AI-enabled marketing and sales solutions for businesses of all sizes, aiming to help customers effectively target, engage, and measure their audience [6] - Vidello, based in London, offers a comprehensive video hosting and marketing suite designed to assist online businesses in growth through video [5] Acquisition Details - The acquisition of Vidello is projected to increase Banzai's revenue by $6.5 million and EBITDA by $2 million for the twelve-month period ending December 31, 2024, on a pro-forma basis [2] - The transaction involves Banzai issuing approximately $2.7 million in cash and 868,204 shares of Class A Common Stock [4] Vidello's Offerings - Vidello has over 90,000 customers and its flagship product, CreateStudio, has received high ratings in the video maker category [3] - Key products from Vidello include CreateStudio, PhotoVibrance, Twinkle, and Vidello itself, which provide various tools for video creation, image transformation, audio needs, and video hosting [8]

Acquisition Overview - Banzai International Inc has signed a definitive agreement to acquire Act-On Software Inc, an enterprise marketing automation platform provider [1] - The acquisition is projected to increase Banzai's revenue by $27 million for the twelve-month period ending December 31, 2025 [3] - The aggregate enterprise value for the merger consideration is $53.2 million, consisting of $33.2 million in Banzai Class A Common Stock and/or Pre-Funded Warrants, and $20.0 million in cash [5] Act-On Software Profile - Act-On is an AI-powered, easy-to-use marketing automation platform with an open data architecture [2] - The platform focuses on enhancing team efficiency and customer engagement across all communication channels [2] - Act-On serves enterprise clients including Hitachi, BestBuy, Progressive Insurance, Sharp, Flextronics, Red Lions Hotels, and SKF Group [2][6] - Key features include lead generation, automated multi-channel marketing, customer journey orchestration, email personalization, customer data management, and sales intelligence [6] Strategic Rationale - The acquisition aligns with Banzai's vision to build a comprehensive suite of AI-driven marketing tools [4] - Act-On's software complements Banzai's existing suite of tools for data-driven marketers [3] - The integration will help marketers create smart, effective programs to drive growth and increase customer lifetime value [3] - Banzai aims to make marketers' jobs easier through AI and seamlessly integrated solutions [3] Transaction Details - The transaction is expected to close in February 2025, subject to customary closing conditions [5] - Additional details regarding the acquisition are included in Banzai's Form 8-K filed with the SEC on January 23, 2025 [5] Company Background - Banzai is a marketing technology company providing AI-enabled marketing and sales solutions for businesses of all sizes [7] - Banzai's customer base includes Cisco, New York Life, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle, and Globe Life [7][8]