IN BRIEF: Boku hires former Co-Op chief as chair, guides annual beat
Boku Inc - San Francisco, California-based mobile payment service provider - Names new board chair, as it says revenue and adjusted earnings both grow strongly in the first half of 2025. Boku says revenue in the six months that ended June 30 is above $63 million, up 34% from $47.3 million a year before, or up 37% at constant currency rates. Adjusted earnings before interest, tax, depreciation and amortisation is at least $21 million, up 50% from $14.2 million, giving an adjusted Ebitda margin of about 33%, up from 30.1%. Underlying organic revenue growth is 27% in the first half, or 29% at constant currency, and Boku thinks this pace will continue in the second half. This implies, it says, full-year revenue ahead of market consensus, which forecasts $119.7 million in revenue and $38.3 million in adjusted Ebitda for the full year.
Own cash stands at $87 million on June 30, up from $80.2 million on December 31 and $75.2 million a year before.
Boku appoints Richard Pennycook as non-executive chair, starting on August 1. He replaces Richard Hargreaves, who has chaired Boku since June 2022. Pennycook is chair of On the Beach Group PLC and previously was chair of Howden Joinery Group PLC. Until 2017, he was chief executive officer of Co-Operative Group.
Current stock price: 222.50 pence, up 7.0% in London on Thursday
12-month change: up 26%
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