Boku sees strong revenue growth, expects earnings to be positive
Source - SMW
Boku, an independent direct carrier billing company, said it expects revenues to exceed $24m for the year ended 31 December 2017 and expects an adjusted EBITDA positive in the second half of the year.
The Group saw continued growth in all key metrics during 2017:
Revenue for FY 2017 is expected to be in the range $24-24.5 million, an increase of approximately 40% over 2016 ($17.2 million), while adjusted EBITDA is expected to be positive for the second half of 2017,.
Total Processed Value (TPV) of $1.7bn for 2017 was more than triple the 2016 amount of $554 million amid ongoing growth across all customer segments - most notably App Stores and Digital Music Subscriptions & Bundling
Monthly active users of the Boku platform exceeded 8 million in December 2017, a 140% increase over the same period in 2016, demonstrating that Boku continues to provide an effective way for digital merchants and platforms to acquire new paying customers.
'2017 was a pivotal year for Boku. By tripling our TPV, increasing our revenue by 40% and having positive adjusted EBITDA for the entire second half we have helped our customers to acquire millions of extra paying users and laid the foundations for further growth,' said Jon Prideaux, Boku CEO.
At 10:03am: (LON:BOKU) Boku Inc. Ord Usd0.0001 Di Reg S share price was +1p at 86p