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Boku (AIM:BOKU), a publicly traded provider of mobile payment solutions, has released its 2022 audit results, showing a net after-tax profit of $28.9 million, up 31.71% from $24.6 on an annual basis. 1 million reported a year before him.
Earnings were up 3% to $63.8 million compared to the $62.1 million reported in 2021, according to the company’s filing on Tuesday. Results would have been even better, but “significant currency headwinds” negatively impacted overall earnings. On a constant currency basis, revenue increased 14% over the prior year.
Boku increased its active user base for the month to 52.3 million, a 28% increase in December 2022. Overall, about 57 million new users got their first user last year.
payment
payment
One of the foundations of the medium of exchange in the modern world, payment constitutes the transfer of fiat currency or equivalent from one party to another entity in exchange for goods or services. The payments industry has become a staple of modern commerce, but the players and means of exchange involved have changed dramatically over time. payment.most common
One of the foundations of the medium of exchange in the modern world, payment constitutes the transfer of fiat currency or equivalent from one party to another entity in exchange for goods or services. The payments industry has become a staple of modern commerce, but the players and means of exchange involved have changed dramatically over time. payment.most common
2022 was the breakout year. Bokus growth will now be driven primarily by mobile wallets and cross-account/real-time payments rather than DCB. 7% and more of our users have doubled the percentage of our revenue from these new payment methods,” commented Jon Prideaux, CEO of Boku Inc.
Through 2022, the company successfully launched its services in China through integration with Alipay and WeChat wallets, signing 150 new launches with existing customers such as Apple, Amazon, Netflix, Google and Spotify. .
Earlier in the year, the company reported that it expected revenue growth of 9% in the second half of 2022 compared to the same period in 2021.
One of the big moves to develop the company in the second half of 2022 is signing a multi-year global Local Payment Method (LPM) agreement with Amazon. LPMs are common payment methods in certain jurisdictions and geographic locations, and are specific to certain continents and countries.
With strong deals in January and February 2023, and new customer wins and launches, including new multi-year Amazon LPM contracts, Boku is poised for further progress into Big Pond, said Boku. added.
According to its financial report, Boku has achieved strong volume growth of 700% in LPMs, including eWallets, in 2022. In December 2022, he has 3.8 million monthly active users, up 230% from his 1.1 million in the same period last year. Meanwhile, LPM’s number of new users increased by 200% to 8.4 million.
After publishing its full report for 2022, Bok shares rose 4.21% to 129.5 on the London Stock Exchange after Tuesday’s opening bell. We retested the lowest level since October.
Source: Tradingview.com
Since last September’s low of 77.00, Boku’s share price has recovered by almost 70%, making it significantly more expensive than its 2017 IPO day, when it was below 75.
Boku (AIM:BOKU), a publicly traded provider of mobile payment solutions, has released its 2022 audit results, showing a net after-tax profit of $28.9 million, up 31.71% from $24.6 on an annual basis. 1 million reported a year before him.
Earnings were up 3% to $63.8 million compared to the $62.1 million reported in 2021, according to the company’s filing on Tuesday. Results would have been even better, but “significant currency headwinds” negatively impacted overall earnings. On a constant currency basis, revenue increased 14% over the prior year.
Boku increased its active user base for the month to 52.3 million, a 28% increase in December 2022. Overall, about 57 million new users got their first user last year.
payment
payment
One of the foundations of the medium of exchange in the modern world, payment constitutes the transfer of fiat currency or equivalent from one party to another entity in exchange for goods or services. The payments industry has become a staple of modern commerce, but the players and means of exchange involved have changed dramatically over time. payment.most common
One of the foundations of the medium of exchange in the modern world, payment constitutes the transfer of fiat currency or equivalent from one party to another entity in exchange for goods or services. The payments industry has become a staple of modern commerce, but the players and means of exchange involved have changed dramatically over time. payment.most common
read this term use the company’s services.
2022 was the breakout year. Bokus growth will now be driven primarily by mobile wallets and cross-account/real-time payments rather than DCB. 7% and more of our users have doubled the percentage of our revenue from these new payment methods,” commented Jon Prideaux, CEO of Boku Inc.
Through 2022, the company successfully launched its services in China through integration with Alipay and WeChat wallets, signing 150 new launches with existing customers such as Apple, Amazon, Netflix, Google and Spotify. .
Earlier in the year, the company reported that it expected revenue growth of 9% in the second half of 2022 compared to the same period in 2021.
One of the big moves to develop the company in the second half of 2022 is signing a multi-year global Local Payment Method (LPM) agreement with Amazon. LPMs are common payment methods in certain jurisdictions and geographic locations, and are specific to certain continents and countries.
With strong deals in January and February 2023, and new customer wins and launches, including new multi-year Amazon LPM contracts, Boku is poised for further progress into Big Pond, said Boku. added.
According to its financial report, Boku has achieved strong volume growth of 700% in LPMs, including eWallets, in 2022. In December 2022, he has 3.8 million monthly active users, up 230% from his 1.1 million in the same period last year. Meanwhile, LPM’s number of new users increased by 200% to 8.4 million.
After publishing its full report for 2022, Bok shares rose 4.21% to 129.5 on the London Stock Exchange after Tuesday’s opening bell. We retested the lowest level since October.
Source: Tradingview.com
Since last September’s low of 77.00, Boku’s share price has recovered by almost 70%, making it significantly more expensive than its 2017 IPO day, when it was below 75.
