Business
Trading update for the 6 months ended 30 June 2022
Trading update for the 6 months ended 30 June 2022.
About this update from Boku, Inc.
[{"type":"text","content":"\n \n \n 27 July 2022\n \n \n \n Boku, Inc.\n \n \n \n \n (\"Boku\"\n \n or the \"Company\" and, together with its subsidiaries, the \"Group\")\n \n \n \n Trading update for the six months ended 30 June 2022\n \n \n \n \n Healthy underlying performance augmented by strong growth in new payment types\n \n \n \n Boku, a leading global mobile payments company,\n is pleased to provide the following unaudited trading update\n for the six months ended 30 June 2022.\n \n \n \n Summary\n \n \n \n ·\n The Group saw further growth in volume processed through its mobile-first payments network of Direct Carrier Billing (\"DCB\"), Bundling, eWallets and Real Time Payments in the first half of 2022, with total volumes up by 14% on a constant currency basis* compared to H1 2021.\n \n \n ·\n Monthly Active Users\n (\"MAUs\")\n ** increased to 46.3m in June 2022, up 22% on a year earlier.\n \n \n ·\n TPV generated from the newer Local Payment Methods (\"LPMs\") - eWallets and Real Time Payments - increased eleven times compared to H1 2021, with new users of these LPMs up six times.\n \n \n ·\n Revenues for H1 2022 were $30.3m. At constant currency* they would have been $2.5m higher representing growth of 7%, compared to the same period in 2021, with year on year growth rates affected by comparison to the Covid peaks in the first quarter of 2021.\n \n \n ·\n Boku's Identity division, as previously announced, was sold on 28 February 2022 to Twilio for a maximum consideration of $32.3m, leaving Boku as a pure play Payments business.\n \n \n \n The Identity division results will be shown as discontinued in the 2022 interim and full year results and so we only provide here the continuing Payments division results. The prior period comparatives have also been adjusted and exclude the Identity division results.\n \n \n \n \n \n \n \n Financial Highlights\n \n \n \n ·\n Payments revenues for H1 2022 are expected to be at least $30.3m (H1 2021: $30.7m). On a constant currency basis*, revenues would have been $2.5m higher,\n which represents growth of 7%.\n \n \n ·\n Payments adjusted EBITDA*** expected to be approximately $9.5m (2021 H1: $11.1m). Adjusting for the foreign exchange impact of c. $2.0m, EBITDA showed growth of 4% against the same period in 2021, reflecting increased investment in the mobile-first network.\n \n \n ·\n Group profit befo...