reports
Boku Inc: 4 directors
Four Directors at Boku Inc sold after exercising options/sold 1,006,955 shares at 166p. The significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the ...
- Richard Williamson
Boku - Contract with Amazon Japan
Building on from its agreement to support local payment methods for Amazon Prime Video in South-East Asia, Boku has signed a separate contract with Amazon Japan to support e-commerce sales. The service has gone live and, while we expect minimal impact in FY24, we expect the contract to support our growth forecasts for FY25 and FY26. The contract represents a further strengthening of the relationship with Amazon and highlights Boku’s ability to support a wide range of transaction types over and a...
- Richard Williamson
Boku - H124 revenue growth supports FY24 outlook
Boku reported 24% y-o-y revenue growth in H124, with both digital wallet/account-to-account (A2A) payments and direct carrier billing (DCB) payments growing at double-digit rates. Adjusted EBITDA grew 18% y-o-y with a margin of 30.1%. With ambitions to become the best localised payment partner for global commerce, Boku continues to invest in enhancing its product portfolio and strengthening its compliance and treasury functions. A pipeline of new digital wallet/A2A launches for major merchants a...
- Richard Williamson
Boku - Strong underlying revenue growth in H124
In H124, digital wallets/account-to-account (A2A) adoption continued, with revenue growth of more than 50% y-o-y. Carrier billing revenues were robust with double-digit growth. The adjusted EBITDA margin is expected to be broadly flat versus FY23 as Boku invests to support core back-end infrastructure. We have raised our revenue forecasts while trimming our EBITDA forecasts to reflect this investment, which should support stronger growth in the medium term. The company has appointed a new CFO, R...
Edison issues outlook on Boku (BOKU): Making the complex simple for gl...
Edison Investment Research Limited Edison issues outlook on Boku (BOKU): Making the complex simple for global merchants 20-March-2024 / 14:37 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 20 March 2024 Edison issues outlook on Boku (BOKU): Making the complex simple for global merchants Boku’s strategy to widen its offering within the local payment method (LPM) market accelerated FY23 revenue growth to 30%, with 15% growth from the core direct carrier billing (DCB) business and supplemented by 153% growth from eWallets and real-...
- Richard Williamson
Boku - Making the complex simple for global merchants
Boku’s strategy to widen its offering within the local payment method (LPM) market accelerated FY23 revenue growth to 30%, with 15% growth from the core direct carrier billing (DCB) business and supplemented by 153% growth from eWallets and real-time payments. EBITDA grew 27% y o y as the company continued to invest in building out its LPM network from a technological and regulatory perspective. With all major merchants using or planning to use Boku’s wider portfolio of payment methods, the comp...
- Richard Williamson
Boku - Upgrading on strong finish to FY23
Boku expects to report FY23 revenue and adjusted EBITDA ahead of our and consensus forecasts, helped by strength from both the core direct carrier billing (DCB) business and rapid growth in adoption of local payment methods (LPM). The strong finish to FY23 highlights positive momentum going into FY24 and we have upgraded our forecasts, with adjusted EBITDA up 7.6% for FY23, 5.3% for FY24 and 4.8% for FY25.
- Richard Williamson
Boku - Upgraded outlook for FY23
Boku reported H123 revenue growth of 26% y-o-y to $38.2m, with a growing and now material contribution from local payment methods (LPMs). Adjusted EBITDA was 28% higher and the margin expanded by 0.7pp, as upside from higher revenues was partially offset by further investment to support LPMs. We have revised up our forecasts to reflect faster growth in total payment volumes (TPV) partially offset by higher investment in Boku’s payments network.
- Richard Williamson
Boku - Strong H1 drives upgrades
Boku saw strong growth in total payment volume (TPV) in H123 translating to revenue growth of at least 24% (31% constant currency) and EBITDA growth of at least 25%. Local payment methods (LPMs) were a key driver of growth, pushing up the take rate to 0.76% and contributing 19% of revenue. The company also announced that CEO Jon Prideaux will be stepping down from his role at the end of the year; his successor will be Stuart Neal, who was previously CFO of Boku, providing continuity and decades ...
- Richard Williamson
Boku - Helping merchants navigate payments complexity
Boku’s FY22 results reflect a return to pre-COVID customer behaviour and company spending, investment in its platform to support local payment methods (LPMs) and the negative effect of the strong dollar on reported results. Growth in LPM users accelerated in the year and is likely to be boosted further as the Amazon relationship develops. With plans to double revenue and grow EBITDA margins by c 18pp in the medium term, Boku looks well positioned for earnings growth over the forecast period.
- Richard Williamson
Boku - Local payment method growth accelerates
Boku expects to report FY22 revenue and EBITDA slightly ahead of our forecasts and closes the year with stronger than expected net cash. Total payment volume (TPV) was 20% higher y-o-y in constant currency and year-end monthly active users (MAUs) grew 28% y-o-y, helped by the growing contribution from local payment methods (LPMs). We revise our forecasts to reflect stronger revenue growth, with more limited upgrades to EBITDA as we expect gross profit upside to be invested in further expanding a...
- Richard Williamson
Boku - Wider payments reach drives underlying growth
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.
- 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...
- Richard Williamson
Boku - Currency moves mask underlying growth
While currency headwinds reduced growth on a reported basis in H122, Boku expects to report constant currency growth of 14% for total payment volume (TPV) and 7% for Payment revenue. Local payment methods (LPMs) are seeing rapid adoption and are making up a growing proportion of volumes (up 11x y-o-y) and monthly active users (MAUs – up 8x y-o-y). On revised forecasts which reflect the stronger dollar, the stock trades at a large discount to peers. We expect this gap to close as LPMs start to ma...
Edison Investment Research Limited: Boku (BOKU): Simplifying mobile co...
Edison Investment Research Limited Edison Investment Research Limited: Boku (BOKU): Simplifying mobile commerce 06-Apr-2022 / 07:00 GMT/BST London, UK, 6 April 2022 Boku (BOKU): Simplifying mobile commerce Boku's FY21 results reflect continued strong momentum in the Payments business and improved performance in the since-sold Identity business. Local payment methods added to the Boku network over the last three years showed an accelerating contribution to monthly active user numbers, increasing ninefold over 2021, and made up nearly 10% of new users in the year. We have revi...
- Richard Williamson
Boku - Simplifying mobile commerce
Boku’s FY21 results reflect continued strong momentum in the Payments business and improved performance in the since-sold Identity business. Local payment methods added to the Boku network over the last three years showed an accelerating contribution to monthly active user (MAU) numbers, increasing ninefold over 2021, and made up nearly 10% of new users in the year. We have revised our forecasts to remove revenue from Russian carriers and estimate an EPS CAGR of 13.7% over FY21 –24e.
- Richard Williamson
Boku - Fully focused on payments
Boku expects to report FY21 results in line with our expectations despite currency headwinds, with revenue growth of 22% and EBITDA growth of 31% y-o-y. The company has also agreed to sell its loss-making Identity business for $32.3m in cash to focus on the opportunity in its Payments business. The disposal boosts Boku’s profitability, improves the visibility of the high-margin Payments business and provides cash that can be used to invest in its mobile first (M1ST) payments network.
- Richard Williamson
Boku - Fully focused on payments
Boku expects to report FY21 results in line with our expectations despite currency headwinds, with revenue growth of 22% and EBITDA growth of 31% y-o-y. The company has also agreed to sell its loss-making Identity business for $32.3m in cash to focus on the opportunity in its Payments business. The disposal boosts Boku’s profitability, improves the visibility of the high-margin Payments business and provides cash that can be used to invest in its mobile first (M1ST) payments network.
Boku extends its M1ST Payments Network into Thailand with TrueMoney & ...
Boku extends its M1ST Payments Network into Thailand with TrueMoney & Rabbit LINE Pay Combined, the M1ST Payments Network reaches over 30 million consumer accounts in Thailand alone LONDON, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Inc., (AIM: ), provider of M1ST, the world’s largest mobile payments network has today announced the expansion of M1ST into Thailand, with the addition of Thailand’s two most popular mobile wallets, TrueMoney and Rabbit LINE Pay. TrueMoney and Rabbit LINE Pay join the M1ST Payments Network, which includes 330+ payment methods in 90 countries, reaching 5.7 billion p...
Boku extends its M1ST Payments Network into Thailand with TrueMoney & ...
Boku extends its M1ST Payments Network into Thailand with TrueMoney & Rabbit LINE Pay Combined, the M1ST Payments Network reaches over 30 million consumer accounts in Thailand alone LONDON, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Inc., (AIM: ), provider of M1ST, the world’s largest mobile payments network has today announced the expansion of M1ST into Thailand, with the addition of Thailand’s two most popular mobile wallets, TrueMoney and Rabbit LINE Pay. TrueMoney and Rabbit LINE Pay join the M1ST Payments Network, which includes 330+ payment methods in 90 countries, reaching 5.7 billion p...
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