Q2 2023 Bambuser AB Earnings Call Transcript
(audio in progress)
Good morning, and welcome to Bambuser Q2 2023 report. I am Maryam Ghahremani, the CEO, and I will hold this presentation together with Acting CFO, Jonas Lagerström.
Today's agenda will cover a short company introduction for people new to Bambuser. We will then move over to Q2 highlights and finish off with SaaS KPIs and financials.
Bambuser is the world's leading video commerce company. We were founded in 2007 by offering a video technology that lets users stream live video from their mobile phones. We pivoted into video commerce in 2020 and have since then attracted over 350 brands across 45 countries. We have a global presence in New York, London, Paris, Tokyo, Turku, Dubai, and Stockholm, where we have our HQ.
We have, since the start, delivered a strong ARR momentum. We're currently facing a tougher market with some SME retail customers churning and enterprise customers with twice as long sales cycles as we have seen before. This has slowed down our ARR momentum. As we said before, the transition to the
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