AI software firm Banzai International preliminary Q3 revenue rises on platform integration
BNZI•Banzai International said preliminary, unaudited Q3 revenue rose 65% year over year to $4.70 million, driven by platform integration. The figure compares with a $4 million estimate from one analyst.
1. Revenue growth
Banzai International’s preliminary Q3 revenue rose 65% year over year to $4.70 million, compared with a $4 million estimate from one analyst. The unaudited figure is subject to quarter-end closing procedures.
2. Integration and costs
The company said revenue growth was driven by integrating the ConnectAndSell platform, which made its first financial contribution in the quarter. CEO Joe Davy said the company focused on post-merger integration and maintaining service for newly acquired enterprise accounts. Banzai recently announced $9.3 million in cost savings to support profitability and did not provide specific guidance for future quarters or the full year.
