Banzai Signs Acquisition of Vidello, Growing TTM Revenue 59% to $17.3M and Adding $2.3M in EBITDA
Portfolio Pulse from
Banzai International, Inc. (NASDAQ: BNZI) has signed an agreement to acquire Vidello, a video hosting and marketing suite provider. This acquisition is expected to increase Banzai's revenue by $6.5M and EBITDA by $2.3M for the TTM ending September 30, 2024.
December 20, 2024 | 1:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Banzai International is acquiring Vidello, which is expected to increase its revenue by $6.5M and EBITDA by $2.3M for the TTM ending September 30, 2024.
The acquisition of Vidello is a strategic move for Banzai, expected to significantly boost its revenue and EBITDA. This positive financial impact is likely to be viewed favorably by investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100