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18 Jul 2019 | 09:26

Boku expects revenues to rise by more than a third in H1 amid jump in monthly users

Boku said it expected half-yearly revenue to increase by more third as 'strong' growth in monthly active users bolstered its payments business. Group revenue for H1 2019 was expected to be in the range of $22.5m to $23m, representing growth in excess of 33% compared to H1 2018. The upbeat performance was driven by a jump in the number of transactions processed on its payment platform amid a rise in user growth. Total Payment Volume rose 49% to US$2.3bn in the half from a year earlier, with Monthly Active Users up 48% to 15.3m in the half. Its mobile identity segment was anticipated to represent between 14% and 16% of group revenues in H1 2019. Boku Identity monitored 74m numbers in June 2019 and 140.9m billable transactions were processed in H1 2019, up from 12 million monitored in December 2018 and 70.6 million processed in H1 2018, the company said. 'We maintain our full year guidance for revenues and adjusted EBITDA, with the normal seasonal bias and further scale up in identity revenues expected in H2 2019,' said Jon Prideaux, Boku's CEO.

At 9:26am: (LON:BOKU) Boku Inc. share price was -2.5p at 126.5p

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