Boku Inc Trading Update (7727E)
03 Marzo 2020 - 1:00AM
UK Regulatory
TIDMBOKU
RNS Number : 7727E
Boku Inc
03 March 2020
3 March 2020
Boku Inc.
("Boku" or the "Company")
Trading Update
Strong growth in January and February 2020
Boku Inc (AIM: BOKU), the world's leading independent carrier
commerce company, is pleased to provide an update on trading in the
first two months of the current financial year.
In January and February 2020 Total Payment Volumes ("TPV") grew
to $966 million, an increase of 30% compared to the same period
last year, a slightly larger increase than anticipated. Monthly
Active Users ("MAU") are also continuing to increase month by
month, with 18.2 million MAUs in February 2020, an increase of 36%
on February 2019.
In addition, February 2020 daily volumes showed an increase over
January 2020 despite the increasing prevalence of Covid-19
('Coronavirus') worldwide. Average TPV per day increased by 2.5% in
February 2020 compared to January 2020 and Daily Average Users
("DAU") were 4% higher in February 2020 than January 2020.
Jon Prideaux, CEO of Boku, commented : "Naturally we are
concerned about the spread of Coronavirus and feel for those people
affected. The recent growth we have seen in those countries that
are most affected has been higher than in those where the virus has
had a more limited impact so far*. This could be correlation rather
than causation, but, in general, the more time people spend
indoors, the more our platform is utilised. If large numbers of
people are forced to self isolate we would predict that, as already
seen in China (#) , this would lead to an increase in the usage of
online games and streaming services.
"We look forward to providing further updates at the time of the
release of our audited 2019 results at the end of March 2020 and
remain confident of meeting market expectations for the current
year."
* increased DAU counts were seen in the second half of February
2020 versus the second half of January 2020 in South Korea, Hong
Kong, Taiwan, Thailand, Kuwait, Oman, Philippines and the U.A.E.,
with East Asian countries in aggregate accounting for nearly two
thirds of the increase.
# AppAnnie reports a 40% increase in average weekly downloads of
Apps in China in the first two weeks of February 2020 compared to
average downloads in 2019
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/ 2014. For the purposes of
MAR and Article 2 of Commission Implementing Regulation (EU)
2016/1055, this announcement is being made on behalf of Boku by
Keith Butcher, Chief Financial Officer of Boku.
Enquiries:
Boku, Inc.
Jon Prideaux, Chief Executive Officer +44 (0)20 3934
Keith Butcher, Chief Financial Officer 6630
Peel Hunt LLP (Nominated Adviser and Broker)
Edward Knight / Nick Prowting / Christopher +44 (0)20 7418
Golden 8900
IFC Advisory Limited (Financial PR & IR)
Tim Metcalfe / Graham Herring / Florence +44 (0)20 3934
Chandler 6630
About Boku
Boku Inc. (AIM: BOKU) is one of the world's leading providers of
carrier commerce and mobile identity solutions. Boku's technology
platform, which is linked to more than 190 mobile network operators
worldwide, verifies user identity, executes payments, and
provisions new services, simplifying daily mobile interactions
between consumers and digital organizations.
Boku's technology platform is used in over 59 countries with
over 815 million verified transactions in 2019, contributing $5
billion to the digital economy. Businesses that currently employ
Boku's platform to simplify sign-up, acquire new paying users and
prevent fraud include global leaders such as Apple, Discover,
Experian, Facebook, Fiserv, Google, Microsoft, Netflix, Paypal,
Sony, Spotify, Uber and Western Union.
Boku Inc. was incorporated in 2008 and is headquartered in
London, UK, with offices in various locations globally including in
the US, Mumbai, Munich, Beijing, Paris, Sao Paulo, Singapore,
Taipei, and Tokyo.
To learn more about Boku Inc., please visit:
https://www.boku.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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