Bambuser AB (publ) (BUSER) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Welcome to Bamboozer Q3 2024 report and presentation. Today's agenda looks like this. First, we do a short company overview. We will then go to key highlights for the quarter, followed by financials and Q&A. Before we jump into the details of this quarter, here's a quick intro about Bamboozer. We offer a single, unified virtual commerce platform with two core solutions. Social commerce, which includes live and shoppable video, and digital clienteling featuring video consultation and chat. Our platform enables merchants to connect with customers at every stage of the sales funnel using interactive two-way communication. But we're more than just a platform. We offer access to a whole ecosystem of partners to help our clients to succeed. This includes everything from production support to strategic guidance and integration with e-commerce platforms and third-party apps. We're operating in a massive and growing market projected to reach 8.5 trillion US dollars by 2030. And as we expand our product offerings, our potential market grows even larger. Our ARR growth is currently a bit volatile, and this quarter demonstrated a weaker development compared to the previous quarter, but we believe we have good underlying trend that is not yet visible in the numbers. Let's take a moment to highlight some key wins and developments from this quarter. Zara has officially launched Zara Streaming, a new format of launching collections. The platform is powered by Bamboozer, a leading interactive video platform provider. The debut event featured legendary supermodel Cindy Crawford and her daughter Kea Gerber. Viewers enjoyed an interactive experience where they could shop Zara's latest collection in real time. This innovative approach merges entertainment with sho...