EXCLUSIVE: Parabolic Revenue Jumps 106% Sequentially With First ConnectAndSell Contribution

Banzai International, Inc. (NASDAQ: PARA), operating as Parabolic, anticipates a preliminary third-quarter revenue of approximately $4.7 million, reflecting a 106% sequential growth from $2.3 million in Q2 and a 65% increase year-over-year. This growth is partly attributed to the first contribution from its recently acquired ConnectAndSell business, which was acquired for $13.2 million in July. The company also announced expected annualized cost savings of $9.3 million from the integration of ConnectAndSell and a business-unit realignment, aiming to enhance profitability and cash flow by 2027. Despite these positive developments, shares of Banzai International were down 7.85% in premarket trading.