Trading Update

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 Keith Butcher, Chief Financial Officer	[phone]
Peel Hunt LLP (Nominated Adviser and Broker) Edward Knight / Nick Prowting / Christopher Golden	[phone]
IFC Advisory Limited (Financial PR & IR) Tim Metcalfe / Graham Herring / Florence Chandler	[phone]

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  

 

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