Boku hails year of "significant progress" amid robust revenue growth

(Alliance News) - Boku Inc on Tuesday saw it shares tick upwards as it posted improved revenue ...

Alliance News 18 March, 2025 | 10:49AM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - Boku Inc on Tuesday saw it shares tick upwards as it posted improved revenue and reported expectations of further growth in 2025.

The San Francisco-based mobile payment service provider said profit before tax reduced 46% to USD6.2 million in 2024 from USD11.4 million the prior year.

Operating profit for the firm came in 37% lower at USD6.2 million from USD9.7 million.

Revenue by contrast grew 20% to USD99.3 million from USD82.7 million, in line with Boku's guidance provided in its January trading statement of revenue in excess of USD99 million.

Direct Carrier Billing revenue grew 11% to USD73.3 million from USD66.1 million, driving growth.

Revenue from other Local Payment Methods further supported growth as it improved 56% to USD26.0 million from USD16.6 million.

Adjusted earnings before interest, tax, depreciation and amortisation also matched guidance figures as it improved 22% to USD31.4 million from USD25.8 million. The firm anticipated it in excess of USD31 million.

Boku attributed its weaker operating profit to a mix of factors including: "increases in foreign exchange revaluation losses on non-USD balances [largely JPY] and share based payment expenses driven by increases in both the number of awards granted, to a growing number of staff, and the Boku share price".

Its shares were up 5.1% at 166.00 pence on Tuesday morning in London.

Looking at current trading, Boku said the new year has started "strongly", with it possessing a "healthy and increasing pipeline of opportunities". The firm anticipates revenue growth in excess of 20% for 2025.

Chief Executive Stuart Neal said: "Boku's strong financial health and positive momentum reaffirms our position as a leader in Local Payment Methods [LPMs]. With robust organic revenue and adjusted Ebita growth, we continue to invest in capabilities that will drive future business expansion."

By Christopher Ward, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Boku Inc Ordinary Shares 165.00 GBX 4.43 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures