SEATTLE, May  28, 2026  (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ:BNZI) (&#34;Banzai&#34; or the &#34;Company&#34;), a leading marketing technology company that provides essential marketing and sales solutions, today

BNZI

Banzai International, Inc. Announces $5.5 Million in Operating Cost Reductions

Banzai Announces Cost-Cut Plan to Improve Profitability by $5.5M

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>SEATTLE, May  28, 2026  (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ:BNZI) (&amp;#34;Banzai&amp;#34; or the &amp;#34;Company&amp;#34;), a leading marketing technology company that provides essential marketing and sales solutions, today</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>BNZI announced an operating cost reduction initiative expected to improve annualized profit by $5.5 million and reduce cash burn by roughly 40%, without impacting planned revenue growth. The plan targets consultants, professional services, centralized financial systems, and selective headcount reductions, with most actions already in place and full run-rate effects anticipated in Q3. Management asserts customer service remains intact and revenues are on track.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Cost-reduction plan targets $5.5M annualized operating profit improvement.</li><li>Run-rate cash burn to drop about 40%, with revenue growth unaffected.</li><li>Actions include reducing consultants, lowering professional services, centralized finance, headcount cuts.</li><li>BNZI&#039;s customer base exceeds 150k, including Amazon, Dell, Salesforce.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Banzai International, Inc. (BNZI)</strong>: Primary issuer; cost-reduction plan to improve profitability and burn rate; potential near-term re-rating.</li><li><strong>Amazon.com, Inc. (AMZN)</strong>: Listed among BNZI&#039;s 150k+ customers; no direct revenue impact stated.</li><li><strong>Dell Technologies Inc. (DELL)</strong>: Major customer; BNZI notes customer base remains while pursuing efficiency.</li><li><strong>Salesforce, Inc. (CRM)</strong>: Included in BNZI&#039;s customer list; plan aims to preserve revenue growth and service levels.</li><li><strong>Aflac Incorporated (AFL)</strong>: BNZI counts as a customer; no disruption to existing relationships expected.</li><li><strong>Thermo Fisher Scientific, Inc. (TMO)</strong>: BNZI lists TMO among customers; no adverse impact anticipated from cost cuts.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The release describes a management-driven efficiency program intended to strengthen profitability and liquidity, a typical corporate-structure optimization event with potential near-term financial impact.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Targeted savings of $5.5M annualized could lift margins.</li><li>Approximately 40% reduction in cash burn enhances liquidity.</li><li>No expected adverse impact on revenue growth or customers.</li><li>Plan already underway; early run-rate reductions expected in Q3.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Target: $5.5 million annualized operating profit improvement.</li><li>Run-rate cash burn reduction: ~40%.</li><li>Actions: fewer consultants, lower professional services costs, centralized financials, selective headcount cuts.</li><li>Most actions already implemented; fully reflected in Q3.</li><li>Date of release: May 28, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish on BNZI as burn-rate improves; visible in Q3 results.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">SEATTLE, May  28, 2026  (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/BNZI">BNZI</a>) ("Banzai" or the "Company"), a leading marketing technology company that provides essential marketing and sales solutions, today announced an operating cost reduction initiative expected to improve operating profits by $5.5 million on an annualized basis. The savings result from management-led initiatives including: reducing dependency on consultants, reducing the cost of professional services, centralizing financial systems and processes, and selective headcount reduction.</p>  <p align="justify">On a run rate basis, management estimates these actions will reduce our operating cash burn by approximately 40%, while not impacting planned revenue growth. The Company has already implemented most of the actions in the plan, and expects the monthly operating expense run rate to fully reflect the plan's reductions in the third quarter.</p>  <p align="justify">"We expect these changes to our cost structure will significantly improve our burn rate and financial position without impacting our customers or planned revenue growth. Our team worked collaboratively to identify ways to operate the business more cost-effectively,&#34; said Joe Davy, Founder and CEO of Banzai. "We will continue to provide best-in-class customer service and support for our products. We look forward to reporting this cost reduction plan&#39;s progress in our future earnings releases."</p>  <p align="justify"><strong>About</strong> <strong>Banzai</strong></p>  <p align="justify">Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai has over 150,000 customers including Amazon, Dell, Salesforce, Aflac, Thermo Fisher Scientific, RBC Wealth Management, and Fitch Group. Learn more at <a href="https://www.globenewswire.com/Tracker?data=nRSoFtRERDmDmYFRhFcxqFjDqUX-SrwDtrgDU7tt373gaWs08yF6wNA2W4LXAFfptF6LIAsmah1y2wII9x2gHw==" rel="nofollow" target="_blank">www.banzai.io</a>. For investors, please visit <a href="https://www.globenewswire.com/Tracker?data=HoSCdfkpC4b0zqWqZMPp0tjh5To85UMfgr8O0t8tkSqBMPuclhmmp60YeruqBBlubojqdp2pe_tQO0urxesjeQ==" rel="nofollow" target="_blank">ir.banzai.io</a>.</p>  <p align="justify"><strong>Forward-Looking</strong> <strong>Statements</strong></p>  <p align="justify">This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as "believe," "may," "will," "estimate," "target," "continue," "anticipate," "intend," "expect," "should," "would," "propose," "plan," "project," "forecast," "predict," "potential," "seek," "future," "outlook," and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.'s (the "Company's"): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company's industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company's ability to execute on its strategy. More detailed information about risk factors can be found in the Company's Annual Report on Form 10-K and the Company's Quarterly Reports on Form 10-Q under the heading "Risk Factors," and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.</p>  <p><strong>Investor</strong> <strong>Relations</strong><br></br>Dean Ditto<br></br>Chief Financial Officer, Banzai<br></br>206 414-1777<br></br><a href="https://www.globenewswire.com/Tracker?data=HoSCdfkpC4b0zqWqZMPp0rN4Fh-d8axww49a7RkAvJptPsZzYtOf6P_LvD3IItMk2yoiltq1Tb5Ygic7GpVgRw==" rel="nofollow" target="_blank">ir.banzai.io</a></p>  <p><strong>Media</strong><br></br>Nancy Norton<br></br>Chief Legal Officer, Banzai<br></br><u><a href="https://www.globenewswire.com/Tracker?data=zrhwX7aXuH91REnCt23fCwgd5nrT7Ixs_dYkFVe2WYMNXFttkZkMC5mkq8oP5Hh0Ejkjd1l8S6yQQXGtRgNrHQ==" rel="nofollow" target="_blank">media@banzai.io</a></u></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcyNzk0NCM3NjI1MjE3IzIyNjM3Mjc="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MmI4ZTI2NTYtNWQ0OS00ZDZiLTgwZDgtNDExNzYwNWJkNWFiLTEyNzUyNzctMjAyNi0wNS0yOC1lbg==/tiny/Banzai-International-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/0c758ecb-e9fa-4770-8dac-6c333eba9b7d"><img src="https://ml.globenewswire.com/media/0c758ecb-e9fa-4770-8dac-6c333eba9b7d/small/logo-png.png" border="0" width="150" height="35" alt="Primary Logo"></img></a></p>

BNZI announced an operating cost reduction initiative expected to improve annualized profit by $5.5 million and reduce cash burn by roughly 40%, without impacting planned revenue growth. The plan targets consultants, professional services, centralized financial systems, and selective headcount reductions, with most actions already in place and full run-rate effects anticipated in Q3. Management asserts customer service remains intact and revenues are on track.

Banzai International, Inc. Announces $5.5 Million in Operating Cost Reductions

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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