Boku strong performance continues in H2 with revenues up 26%

Boku Inc (LON:BOKU), a leading provider of global mobile payment solutions, has announced the following unaudited interim results for the six months ended 30 June 2023.

Group Highlights

Financial Highlights

●     Revenues up 26% to $38.2m in H1 (H1 2022: $30.3m) and up 32% on a constant currency**** basis driven by increasing transaction volumes from our major global merchants.

●     Revenues include $7.2m from Local Payment Methods (‘LPMs) up 350% from $1.6m in H1 2022 following the launch of 15 new LPMs and increasing adoption of these products by our key merchants.

●     Adjusted EBITDA* increased 28% to $12.2m in H1 (2022 H1: $9.5m) as a result of prudent cost control whilst continuing to invest in Boku’s mobile-first payment network.

●     Group profit after tax of $2.3m (H1 2022: $28.0m which included the profit on the disposal of Boku’s Identity division of $24.6m).

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