Alvin Yip
Interim Chief Financial Officer
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Banzai International, Inc. (BNZI) Q1 2025 Earnings Call
Banzai International, Inc. (NASDAQ: BNZI) Q1 2025 earnings conference call, held 2025-05-15. Replay captured from the company's public earnings webcast.
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WEBVTT 00:00:00.031 -- 00:00:04.516 We are seeing immediate results from having Videlo's next generation video creation editing 00:00:04.516 -- 00:00:08.620 and marketing suite and Open Reel's digital video creation platform in the Bonsai family 00:00:08.620 -- 00:00:10.341 of products. 00:00:10.341 -- 00:00:16.007 We achieved gross profit of $2.8 million in the quarter, an increase 00:00:16.007 -- 00:00:18.668 of 297%. Gross 00:00:18.830 -- 00:00:24.033 margin expanded significantly year over year from 64.7% to 82.1%. 00:00:29.343 -- 00:00:34.348 A few more highlights. We achieved annual recurring revenue of $14.9 million 00:00:34.348 -- 00:00:38.052 in the first quarter. This represents a 268% annualized 00:00:38.052 -- 00:00:43.198 ARR growth rate compared to Q4 of 2024. Adjusted 00:00:43.198 -- 00:00:48.864 EBITDA was a $1.7 million loss, which compared to a loss of $1.5 million in 00:00:48.864 -- 00:00:50.866 Q1 2024. 00:00:50.866 -- 00:00:57.131 Net loss improved by $4 million compared to Q4 2024. 00:00:57.170 -- 00:01:02.096 We acquired Videlo, a technology provider of video hosting and marketing suite solutions 00:01:02.096 -- 00:01:04.058 for businesses. 00:01:04.058 -- 00:01:08.383 We signed a definitive agreement to acquire Acton Software, an enterprise marketing automation 00:01:08.383 -- 00:01:13.629 platform provider, which is projected to increase FY 2025 revenue by $27 00:01:13.629 -- 00:01:18.895 million on a pro forma basis and is subject to closing conditions. 00:01:18.895 -- 00:01:24.321 We completed a $20.3 million debt repayment ahead of schedule in Q1, which fully satisfied 00:01:24.321 -- 00:01:27.359 our outstanding debt obligations to several key vendors. 00:01:27.359 -- 00:01:30.562 We're extremely pleased to deliver this improvement in the...