***Sponsored by Sideways Frequency, LLC
Banzai has added users including Cisco, Nextiva, Sprinklr, Globe Life Insurance, and LoanDepot, Welcoming 1,255 Customers in 2024
BNZI saw Revenue of $3.3 Million for Q2 2025, Representing 205% Growth from Q2 2024
In total, this company now serves over 90,000 customers, making it clear that BNZI’s tech is in demand
CHECK OUT THE INVESTOR PRESENTATION HERE
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Hello Everyone,
Wednesday’s profile was up double digits again today while today’s profile closed up almost 7%.
We have an imminent situation back on our radar.
This is a company that we have profiled many times in the past and have witnessed this one make several double digit moves.
BNZI is gaining serious momentum—and fast. While mega-cap names like Meta and Amazon dominate headlines, this under-the-radar marketing technology innovator is capturing the attention of industry titans like Cisco, Hewlett Packard, New York Life, and Globe Life.
With more than 90,000 customers, triple-digit revenue growth, and a growing suite of AI-powered solutions like Curate and Demio, Banzai is emerging as a serious contender in the race for MarTech dominance.
BNZI announced 2 massive acquisitions that are built to add revenues to the companies bottom line. We are talking about $44Million bucks here!
Banzai is a marketing technology company that provides essential marketing and sales solutions for businesses of all sizes. On a mission to help their customers achieve their mission, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively.
CATALYSTS
The LARGEST platform for finding software and services. More than 100 million people visit Capterra, GetApp, Software Advice, and UpCity across over 70 localized sites every year to read objective research and verified customer reviews that help them confidently choose the right software and services. Thousands of B2B companies work with Gartner Digital Markets to build their brand, capture buyer demand, and grow their business.
Banzai is a SaaS company building an AI-driven platform of essential MarTech data, analytics, and data-driven applications.Banzai is fueling marketing results with cutting-edge AI solutions.
SaaS company building an AI-driven platform of essential MarTech data,analytics, and data-driven applications
• While the global MarTech market is accelerating, marketers are struggling with an explosion of vendor complexity
• Banzai is fueling marketing results with an integrated platform of AI-PoweredMarTech solutions
• Reach deploys multi-channel outbound campaigns and is becoming the marketing automation AI demand gen platform standout• Demio provides transparent webinar insights for data-driven marketers with upstream updates launching in Q4
• Additional upside in strategic acquisitions with a substantial gap between current private vs. at-scale public market valuations.
Let’s take a look at some of the reasons we want BNZI on our screen tomorrow:
The company anticipates TRIPLING revenue with the acquisition of OpenReel. Banzai has recently signed a definitive agreement to acquire OpenReel, a digital video creation platform, in a stock deal valued at $19.6 million. OpenReel’s platform enables companies to create high-quality branded video content efficiently, serving enterprise customers including Bristol Myers Squibb, Ingram Micro, and DXC Technology. The acquisition will grow the company’s TTM revenue by 152% to $10.9M!
Strategic business initiatives to improve net income. Banzai announced $13.5M annual net income boost through cost-cutting initiatives and debt restructuring. Strategic cost-saving moves, including a 27% staffing reduction, aim to enhance scalability and extend cash runway.
Second Quarter 2025 and Subsequent Key Financial & Operational Highlights
- Revenue of $3.3 million for Q2 2025, representing an increase of 205% over Q2 2024.
- Gross profit of $2.7 million for Q2 2025, representing an increase of 267% over Q2 2024. Gross margin was 83.0% in Q2 2025, compared to 69.1% in Q2 2024.
- Annual Recurring Revenue (ARR) of $12.6 million for Q2 2025, representing an 182% increase in the same period year over year.
- Cash balance was $2.3 million as of June 30, 2025.
- Stockholder’s Equity increased to $3.2 million as of June 30, 2025, an increase of $35 million, compared to June 30, 2024.
- Q2 2025 Net Loss was ($7.8) million, compared to ($4.0) million in Q2 2024.
- Q2 2025 Adjusted EBITDA was ($1.5) million, compared to ($1.5) million in Q2 2024.
- Secured an $11.0 million dollar debt facility with an institutional investor to support acquisitions and ongoing operations.
- Appointed Dean Ditto as Chief Financial Officer, bringing over 30 years’ experience as a strategic financial leader with a track record of implementing critical business initiatives that drive profitable growth at both public and private companies.
- Appointed Michael Kurtzman as Chief Revenue Officer, a veteran revenue and go-to-market executive, to scale Banzai’s leading video engagement, production, and webinar solutions.
- Expanded customer base to over 140,000 total customers as of August 14, 2025.
- Secured expanded agreements with RBC Capital Markets and other prominent enterprises for OpenReel.
A growing customer base and esteemed partnerships. Banzai saw the addition of 351 new customers in September-October 2024. The company also recently expanded partnerships with Salesforce and HubSpot.
The launch of Curate, a groundbreaking AI-driven newsletter solution. Curate is an AI-powered newsletter platform. Leveraging OpenAI’s GPT-4o, Curate automates the newsletter creation process by writing relevant, branded articles that resonate with target audiences. Curate then publishes content to a branded website and lets users set up daily or weekly updates, keeping their audience engaged with minimal effort and maximum impact.
Demio, the company’s AI-powered webinar platform, has been recognized with multiple accolades. Demio has been recognized by Gartner Digital Markets brands – Capterra, Software Advice, and GetApp.
Gartner Digital Markets is the world’s LARGEST platform for finding software and services. More than 100 million people visit Capterra, GetApp, Software Advice, and UpCity across over 70 localized sites every year to read objective research and verified customer reviews that help them confidently choose the right software and services. Thousands of B2B companies work with Gartner Digital Markets to build their brand, capture buyer demand, and grow their business.
Banzai Reports Second Quarter 2025 Financial Results
Revenue of $3.3 Million for Q2 2025, Representing 205% Growth from Q2 2024
Gross Profit of $2.7 Million for Q2 2025, Representing 267% Growth from Q2 2024; Gross Margin Expanded to 83.0% in Q2 2025 a 1390 BPS Increase
Management to Host Second Quarter 2025 Results Conference Call Today, Thursday, August 14, 2025 at 4:30 p.m. Eastern Time
SEATTLE, Aug. 14, 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 reported financial results for the second quarter ended June 30, 2025.
Second Quarter 2025 and Subsequent Key Financial & Operational Highlights
- Revenue of $3.3 million for Q2 2025, representing an increase of 205% over Q2 2024.
- Gross profit of $2.7 million for Q2 2025, representing an increase of 267% over Q2 2024. Gross margin was 83.0% in Q2 2025, compared to 69.1% in Q2 2024.
- Annual Recurring Revenue (ARR) of $12.6 million for Q2 2025, representing an 182% increase in the same period year over year.
- Cash balance was $2.3 million as of June 30, 2025.
- Stockholder’s Equity increased to $3.2 million as of June 30, 2025, an increase of $35 million, compared to June 30, 2024.
- Q2 2025 Net Loss was ($7.8) million, compared to ($4.0) million in Q2 2024.
- Q2 2025 Adjusted EBITDA was ($1.5) million, compared to ($1.5) million in Q2 2024.
- Secured an $11.0 million dollar debt facility with an institutional investor to support acquisitions and ongoing operations.
- Appointed Dean Ditto as Chief Financial Officer, bringing over 30 years’ experience as a strategic financial leader with a track record of implementing critical business initiatives that drive profitable growth at both public and private companies.
- Appointed Michael Kurtzman as Chief Revenue Officer, a veteran revenue and go-to-market executive, to scale Banzai’s leading video engagement, production, and webinar solutions.
- Expanded customer base to over 140,000 total customers as of August 14, 2025.
- Secured expanded agreements with RBC Capital Markets and other prominent enterprises for OpenReel.
“The second quarter was highlighted by continued revenue momentum, key additions to our leadership team, and a strengthened balance sheet as we move into our next phase of growth,” said Joe Davy, Founder and CEO of Banzai. “Our Vidello and OpenReel businesses and strong performance for our products continued to drive revenue to $3.3 million in the quarter, a 205% improvement from the prior year.
“Growth was driven by our focus on mid-market and enterprise customers, and on the Reach product through re-engineering and expanded sales efforts. In total, we now serve over 140,000 customers.
“We made significant improvements to our balance sheet and cost structure, which we believe will position us for sustainable profitability in the future. Most recently we secured new debt financing of up to $11.0 million and ended Q2 with a cash balance of $2.3 million. With the investment in our Vidello acquisition, we further improved our financial position and flexibility with a $35 million year over year improvement in stockholders’ equity to a positive $3.2 million as of June 30, 2025. We also implemented a strategic initiative that we expect will enable us to significantly improve net income, substantially extend our cash runway, and invest in growth. We are making significant progress toward these goals and expect overall improvement in net income when fully implemented, while maintaining our growth outlook.
“We have secured expanded agreements with several prominent enterprises including RBC Capital Markets for our OpenReel solution, further cementing OpenReel’s position as a leading digital video creation platform for enterprise marketing teams. These agreements further validate our expansion strategy in the enterprise and mid-market. We are seeing solid traction in the financial sector, where the OpenReel Creator tool gives global financial firms the ability to offer standardized branded video with personalization at scale for their wealth managers, partners, and other stakeholders.
“Operationally, we strengthened our management team with the recent additions of Dean Ditto as Chief Financial Officer and Michael Kurtzman as Chief Revenue Officer. Dean is a veteran financial and technology leader with strong capabilities in scaling public technology companies and driving profitable growth. Michael is a seasoned revenue and go-to-market executive with more than 20 years of global experience driving growth across startups, growth-stage ventures, and Fortune 50 companies. He is heading operations and customer-facing functions of leading video engagement, production, and webinar solutions including Demio, CreateStudio, and OpenReel. The primary objective of his role will be to increase revenue in the Video business unit to $50 million over the following three years.
“Looking ahead, we are focused on accelerating self-service subscriber growth, enterprise and mid-market expansion, and customer retention, while ensuring the continuous evolution of our product offerings. We are making strategic investments in our software platform, sales and marketing, product development, acquisition strategy and other organic growth initiatives, while managing costs efficiently. We are strengthening our capital structure and balance sheet to support future growth and create long term shareholder value,” concluded Davy.
Second Quarter 2025 Financial Results
Banzai believes its non-GAAP financial measure ARR is more meaningful in evaluating its performance. The Company’s management team evaluates its financial and operating results utilizing this non-GAAP measure. For the three months ending June 30, 2025, ARR was $12.6 million, representing a 182% annualized ARR increase.
Total revenue for the three months ended June 30, 2025, was $3.3 million, an increase of 205% compared to the prior year quarter.
Total cost of revenue for the three months ended June 30, 2025 was $0.6 million, compared to $0.3 million in the prior year quarter, an increase of 68%. The increase was proportional to the revenue for the corresponding period.
Gross profit for the three months ended June 30, 2025, was $2.7 million, compared to $0.7 million in the prior year quarter. Gross margin was 83.0% in the second quarter of 2025, compared to 69.1% in the second quarter of 2024.
Total operating expenses for the three months ended June 30, 2025, were $7.4 million, compared to $4.1 million in the prior year quarter. The increase in operating expenses were primarily due to the additions of OpenReel and Vidello and overall operating expenses.
Net loss for the three months ended June 30, 2025, was $7.8 million, compared to $4.0 million in the prior year quarter.
Adjusted EBITDA for the three months ended June 30, 2025, was ($1.5) million, compared to Adjusted EBITDA of ($1.5) million for the prior year quarter.
First Half 2025 Financial Results
Total revenue for the six months ended June 30, 2025, was $6.6 million, an increase of 209% compared to the prior year period.
Total cost of revenue for the six months ended June 30, 2025 was $1.2 million, compared to $0.7 million in the prior year quarter, an increase of 63%. The increase was less than proportional to the revenue for the corresponding period, resulting in improved gross profit.
Gross profit for the six months ended June 30, 2025, was $5.5 million, compared to $1.4 million in the prior year period. Gross margin was 82.5% in the first half of 2025, compared to 66.9% in the first half of 2024.
Total operating expenses for the six months ended June 30, 2025, were $15.1 million, compared to $8.2 million in the prior year period. The increase in operating expenses were primarily due to the additions of OpenReel and Vidello and overall operating expenses.
Net loss for the six months ended June 30, 2025, was $11.4 million, compared to $8.2 million in the prior year period.
Adjusted EBITDA for the six months ended June 30, 2025, was ($3.7) million, compared to Adjusted EBITDA of ($3.5) million for the prior year period.
Net cash used in operating activities for the six months ended June 30, 2025, was $9.0 million, compared to $3.8 million for the six months ended June 30, 2024.
Cash totaled $2.3 million as of June 30, 2025, compared to $1.1 million as of December 31, 2024.
Annual Recurring Revenue (“ARR”) refers to annual run-rate revenue of subscription agreements from all customers in the last month of the measured period. These statements are forward-looking and actual ARR may differ materially. Refer to the “Forward-Looking Statements” section below for information on the factors that could cause Banzai’s actual ARR to differ materially from these forward-looking statements.
Banzai Announces $20.3 Million Debt Repayment Ahead of Schedule
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 millionof outstanding debt obligations in total through the first quarter of 2025.
The Company completed the debt repayment pursuant to the $24.8 million debt payoff and restructuring agreements announced on September 24, 2024. This includes the complete satisfaction of debts owed to Sidley Austin LLP, Cooley LLP, GEM Global Yield LLC SCS, Alco Investment Company, Cantor Fitzgerald, Roth Capital Partners, LLC, and J.V.B. Financial Group, LLC, as well as repayments to Perkins Coie LLP and CP BF Lending, LLC.
“We have executed on our previously announced debt reduction initiatives ahead of schedule to fully satisfy our outstanding obligations to several key vendors and creditors,” said Joe Davy, Founder and CEO of Banzai. “These debt repayments will deliver a material benefit to both net income and shareholders’ equity, reflecting our focus on shoring up the financial strength of the company. The improvement to our balance sheet, in tandem with our acquisition strategy and organic growth initiatives, positions Banzai for substantial fundamental growth in 2025.”
NEWS
Banzai Announces Reverse Split
3 days ago
Banzai Secures New Debt Financing of up to $11.0 Million
5 days ago
Banzai to Present at the Singular Research Summer Solstice Conference on June 18, 2025
Jun 17, 2025
Banzai Appoints Michael Kurtzman as Chief Revenue Officer
Jun 16, 2025
Banzai Reports First Quarter 2025 Financial Results
May 15, 2025
Banzai Secures Expanded Agreement with RBC Capital Markets for OpenReel Enterprise License
May 6, 2025
May 1, 2025
Banzai Announces Exercise of 1,048,920 Warrants Purchased at $3.89 Each
Apr 22, 2025
Banzai Reports Fourth Quarter and Full Year 2024 Financial Results
Apr 15, 2025
Banzai to Present at the Emerging Growth Conference on Thursday, April 17, 2025
Apr 8, 2025
Banzai Announces $20.3 Million Debt Repayment Ahead of Schedule
Apr 7, 2025
Apr 1, 2025
Mar 24, 2025
Banzai Provides Preliminary 2024 Financial Results Including $22.3M Increase to Stockholders’ Equity
Mar 12, 2025
FE International Advises on the Acquisition of Vidello by Banzai International, Inc.
Mar 4, 2025
Banzai Launches CreateStudio 4.0, with Major A.I. Enhancements for Video Creation
Feb 25, 2025
Banzai Fully Regains Compliance with Nasdaq Continued Listing Requirements
Feb 13, 2025
Banzai Completes Acquisition of Vidello, Growing TTM Revenue 59% and Adding $2M in EBITDA
Feb 3, 2025
Banzai Announces Definitive Agreement to Acquire Act-On Software, Growing TTM Revenue 152% to $44M
Jan 23, 2025
Banzai Signs Acquisition of Vidello, Growing TTM Revenue 59% to $17.3M and Adding $2.3M in EBITDA
Dec 20, 2024
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