Boku reported H122 revenue and adjusted EBITDA in line with its July trading update. During H122, payments made via local payment methods (LPMs) grew significantly y-o-y and, since the end of H1, the company has signed a multi-year contract with Amazon for its LPM services and rolled out eWallets in China for another major merchant. We maintain our forecasts and highlight that underlying growth for the business remains strong, despite currency headwinds.
29 Sep 2022
Boku - Wider payments reach drives underlying growth
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Boku - Wider payments reach drives underlying growth
BOKU, Inc. (BOKU:LON) | 184 0 0.0% | Mkt Cap: 554.5m
- Published:
29 Sep 2022 -
Author:
Katherine Thompson -
Pages:
7
Boku reported H122 revenue and adjusted EBITDA in line with its July trading update. During H122, payments made via local payment methods (LPMs) grew significantly y-o-y and, since the end of H1, the company has signed a multi-year contract with Amazon for its LPM services and rolled out eWallets in China for another major merchant. We maintain our forecasts and highlight that underlying growth for the business remains strong, despite currency headwinds.