Boku the world’s leading independent direct carrier commerce company, announces its unaudited interim results for the period ended 30 June 2019. Highlights include revenue increase of 39% to $23.5 million, adjusted EBITDA for the Period of $4.3 million and TPV up 47% reaching $2.3 billion.
Jon Prideaux, Chief Executive Officer, and Stuart Neal, Chief Financial Officer, together with other members of the senior management team provide an overview of Boku’s strategy followed by a deeper dive into the Boku platform.
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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.Read full post