bullish

Boku Inc

Boku - Wider payments reach drives underlying growth

680 Views29 Sep 2022 15:40
Issuer-paid
SUMMARY

Boku reported H122 revenue and adjusted EBITDA in line with its July trading update. During H122, payments made via local payment methods (LPMs) grew significantly y-o-y and, since the end of H1, the company has signed a multi-year contract with Amazon for its LPM services and rolled out eWallets in China for another major merchant. We maintain our forecasts and highlight that underlying growth for the business remains strong, despite currency headwinds.

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