Boku Expects a 9% YoY Revenue Jump in H2 2022

Payments platform Boku (AIM: BOKU) released a deal update on Tuesday, revealing it expects to generate at least $33 million in revenue in the second half of fiscal 2022. This figure has increased by 9% for him since the same period. of the previous year.

In the first half of last year, the payment company generated $30.3 million, a 9% growth rate for the first six months. With the latest figures, the company expects to end his 2022 fiscal year with annual sales of at least $63.3 million. This figure is a slight increase of about 2% from his $62.1 million the year before.

The company highlighted “significant currency headwinds” behind the slight year-on-year increase in revenue. On a constant currency basis, the latest numbers jumped 14%.

Additionally, the London-listed company’s annual EBITDA is expected to be $20 million, which is in line with market expectations. The first half of the year brought his EBITDA of $9.5 million. This means that EBITDA also rose in the second half. Boku has improved EBITDA despite “currency headwinds” and emphasized continued investment in mobile-first payments infrastructure.

“Despite worsening economic conditions in general, 2022 was a landmark year for Boku. A year in which local payment methods were a key driver of our growth on top of the strong foundation of DCB.” said Jon Prideaux, CEO of Boku.

Watch the latest FMLS22 session on “The Future of Payments”.

Boku’s Strong Client KPIs

Additionally, Boku’s client metrics improved significantly in the last year. The company has 52.3 million monthly active users, up 28% annually. Additionally, during the year he added 56.7 million new users.

Total payouts on the platform in 2022 increased from $8.2 billion the year before to $8.9 billion. This number increased by 20% on a constant currency basis. On top of that, the company saw an 8x increase in volume processed by local payment methods (LPM) and a 230% increase in monthly active users to 3.8 million. LPM’s new user count also increased from 2.8 million in 2021 to 8.4 million last year.

“Our team delivers superior quality at LPM and this is recognized by our merchants,” added Prideaux. “We have launched merchant connections for nearly 50 local payment methods this year. We currently live in 19 countries on 3 continents and are active in the video games, digital advertising, ridesharing, streaming music and video industries. of merchants are using Boku to connect to local payment methods around the world, enabling them to achieve triple-digit growth for the second year in a row.”

Payments platform Boku (AIM: BOKU) released a deal update on Tuesday, revealing it expects to generate at least $33 million in revenue in the second half of fiscal 2022. This figure has increased by 9% for him since the same period. of the previous year.

In the first half of last year, the payment company generated $30.3 million, a 9% growth rate for the first six months. With the latest figures, the company expects to end his 2022 fiscal year with annual sales of at least $63.3 million. This figure is a slight increase of about 2% from his $62.1 million the year before.

The company highlighted “significant currency headwinds” behind the slight year-on-year increase in revenue. On a constant currency basis, the latest numbers jumped 14%.

Additionally, the London-listed company’s annual EBITDA is expected to be $20 million, which is in line with market expectations. The first half of the year brought his EBITDA of $9.5 million. This means that EBITDA also rose in the second half. Boku has improved EBITDA despite “currency headwinds” and emphasized continued investment in mobile-first payments infrastructure.

“Despite worsening economic conditions in general, 2022 was a landmark year for Boku. A year in which local payment methods were a key driver of our growth on top of the strong foundation of DCB.” said Jon Prideaux, CEO of Boku.

Watch the latest FMLS22 session on “The Future of Payments”.

Boku’s Strong Client KPIs

Additionally, Boku’s client metrics improved significantly in the last year. The company has 52.3 million monthly active users, up 28% annually. Additionally, during the year he added 56.7 million new users.

Total payouts on the platform in 2022 increased from $8.2 billion the year before to $8.9 billion. This number increased by 20% on a constant currency basis. On top of that, the company saw an 8x increase in volume processed by local payment methods (LPM) and a 230% increase in monthly active users to 3.8 million. LPM’s new user count also increased from 2.8 million in 2021 to 8.4 million last year.

“Our team delivers superior quality at LPM, which is recognized by our merchants,” added Prideaux. “We have launched merchant connections for nearly 50 local payment methods this year. We currently live in 19 countries on 3 continents and are active in the video games, digital advertising, ridesharing, streaming music and video industries. of merchants are using Boku to connect to local payment methods around the world, enabling them to achieve triple-digit growth for the second year in a row.”

Leave a Reply

Your email address will not be published. Required fields are marked *