Boku - On track to meet FY20 expectations
Boku expects to report H120 revenues of at least $24.7m. The Payments business has benefited from increased demand for digital content during lockdown, whereas the Identity business has seen weaker demand due to COVID-19 disruption. Management expects to at least meet consensus EBITDA estimates for FY20, with growth in adjusted EBITDA of at least 65% for the year. We have made minor changes to our forecasts to reflect the relative strengths of the two businesses.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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