Banzai Provides Preliminary 2024 Financial Results Including $22.3M Increase to Stockholders' Equity

Core Insights - Banzai International, Inc. reported preliminary unaudited revenue of $17.5 million for the year ended December 31, 2024, exceeding guidance by 75$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]