Edison Investment Research - BOKU INC. (BOKU) Boku - Digital wallet contract with Amazon

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Edison Investment Research

Richard Williamson

Boku - Digital wallet contract with Amazon

Boku has signed a three-year contract with Amazon to process Amazon Prime Video subscriptions made via digital wallet and other local payment methods in certain South-East Asian and African countries. As part of the contract, Amazon has been granted warrants over 11.2m Boku shares at 81.2p per share, dependent on Amazon hitting revenue targets over seven years. In our view, this contract marks major progress in the company’s strategy to widen its offering to local payment methods and strengthens the company’s relationship with Amazon.

20/09/2022 1 EN

Underlying

BOKU INC.

Boku is a holding company. Through its subsidiaries, Co. is engaged in the provision of mobile billing and payment solutions for mobile network operators and merchants. These solutions enable consumers to make online payments using their mobile devices. Co.'s offerings include: Boku Checkout, which is integrated into the billing system of operators allowing merchants to accept payments from mobile phone; Boku Account, which allows a phone number to be stored on file and for merchants to make charges without the consumer having to re-enter payment details on subsequent purchases; and Boku Acquire, which is a tool to support carrier bundling programs.

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USU7744C1063 London Stock Exchange United States

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Richard Williamson

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Boku - Digital wallet contract with Amazon

Edison issues outlook on Boku (BOKU): Making the complex simple for global merchants

Boku - Making the complex simple for global merchants

Boku - Upgrading on strong finish to FY23

Basilea Pharmaceutica - Cresemba milestone payments continue to roll in

AAC Clyde Space - Solid start to the year with further order growth

Tinexta - Typical seasonality in Q124

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