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Boku Inc - London-based operator of ’mobile-first’ payments network - Anticipates reporting revenue over $99 million for 2024, up 20% from $82.7 million in 2023. Adjusted earnings before interest, tax, depreciation and amortisation are expected to have grown around 22% to over $31 million in 2024 from $25.8 million in 2023. Cash as at December 31 climbs 17% on-year to $177 million from $150.9 million.
Chief Executive Officer Stuart Neal says: ‘With a growing merchant base, an expanding global footprint, and continued investments in scalable infrastructure, we are well-positioned to capitalise on the significant opportunities in the cross-border e-commerce market. As the demand for local payment methods continues to rise, Boku is uniquely equipped to drive sustained revenue growth and deliver long-term value for our shareholders.’
Boku will release its 2024 results on March 18.
Current stock price: 188.00 pence each, down 1.1% on Thursday morning in London
12-month change: up 12%
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