Q2 2024 Bambuser AB Earnings Call Transcript
Key Points
- Bambuser AB (FRA:5JL) reported a 7% quarter-over-quarter increase in ARR at constant exchange rates, indicating a return to growth.
- The company expanded its relationship with high-profile clients such as LVMH and added new clients like Hy-Vee, Elemis, and Luisaviaroma.
- Bambuser AB (FRA:5JL) introduced a major enhancement to its platform, Shoppable Video, which allows clients to turn any video into an interactive shopping experience.
- The company launched an app framework that enables clients to create custom apps within the Bambuser platform, enhancing personalization and engagement.
- Despite a year-over-year decline in net sales, Bambuser AB (FRA:5JL) reported continued improvement in adjusted EBITDA due to disciplined cost control measures.
- Organic growth was negative by 2% quarter-over-quarter, indicating some underlying challenges.
- Year-over-year ARR comparison remains negative, primarily due to churn, negative net expansion, and the introduction of lower-priced Shopify plans.
- The Americas region showed a decline in ARR per customer group, driven by a tougher retail market and higher instances of bankruptcies.
- Overall NRR is at 63%, which is relatively low, although top 20 accounts show a more promising NRR of 104%.
- Gross margin was temporarily impacted due to the acquisition of HERO, although cost efficiencies are expected as integration progresses.
Good morning, everyone, welcome to our Q2 earnings call. My name is Maryam Ghahremani, and I'm the CEO of Bambuser, and I will hold this presentation together with our CFO and COO, Jonas Lagerström.
For those that might be new to our story. Let's start with a quick introduction to Bambuser we have been leading the way in mobile live streaming and video commerce since 2007. We're a global company with offices around the world in recognized with multiple awards for our innovation in this space today with proudly serve over 250 clients in more than 40 countries.
Now let's talk about the future. In today's fast-paced world. It is crucial to understand where your consumers will be tomorrow. Gen Z is the generation to watch. They're on track to become the wealthiest generation ever surpassing baby boomers by 2030. And by 2045, they control a significant portion of global wealth.
But there is a huge challenge, Gen Z attention span is incredibly short. Just 1.3 seconds. Apps like Snapchat and TikTok have shaped their
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