Jon Prideaux, CEO of Boku, talks us through the rationale and synergy behind the acquisition of Danal Inc. Watch the video.
In this video, CFO Stuart Neal discusses the highlights of the interim results and how the company expects to balance growth and profitability in the future. CEO Jon Prideaux goes on to provide an overview of how the company’s relationships with merchants are progressing, before describing some of the new products that Boku has been working on. Finally, Jon discusses current trading performance, and the company’s outlook on a longer term basis. View more at Edison Research
Boku’s direct carrier billing platform provides an alternative customer acquisition network for digital content merchants and has been adopted by leading names such as Apple, Google, Microsoft and Spotify. This is driving strong transaction growth across the platform, which we forecast will generate a revenue CAGR of 29% from FY16 to FY20 with rapid expansion of EBITDA margins to 38.7% by FY20. The valuation reflects the strong growth potential, particularly in terms of cash generation.
Boku Inc (LON:BOKU) CFO Stuart Neal talks to DirectorsTalk about positive trading update. Stuart explains how the company has seen continued growth in all key metrics during 2017, what being EBITDA positive for the second half of 2017 means to the company, the benefits that’s attracting retailers and carriers when a consumer pays via the Boku platform, the focus areas over the next few months, how trading is going and the outlook for the next financial year.
Jon Prideaux, CEO of Boku, the world’s leading independent direct carrier billing company, talks us through the Company’s first Trading Update since Admission to AIM in November 2017. Last year was a pivotal year for Boku. By tripling their TPV, increasing their revenue by 40% and having positive adjusted EBITDA for the entire second half they have helped their customers to acquire millions of extra paying users and laid the foundations for further growth.
Boku’s direct carrier billing platform offers an alternative customer acquisition route for digital content merchants. Use of Boku’s platform has boosted subscriber numbers for customers such as Spotify due to its ease of use. The company is well positioned to benefit from the growth of digital content, as well as from connecting its existing merchants to additional carriers in multiple countries. Today’s trading update confirms that there is strong and growing demand for the Boku platform and that the company has now reached EBITDA profitability on a run rate basis.