Latest news with #Bango
Yahoo
2 days ago
- Business
- Yahoo
Bango 2024 Full Year Results and Outlook
CAMBRIDGE, United Kingdom, June 06, 2025 (GLOBE NEWSWIRE) -- Bango (AIM: BGO), today announces its full year results for the 12 months ended 31 December 2024 and provides an update on current trading and outlook for 2025. FY24 Financial Overview: Results for the 12 months ended 31 December 2024 FY24 FY23 YoY Change Transactional Revenue1 $36.2M $32.7M +11% DVM & One Off Revenue2 $17.2M $13.4M +28% Total Revenue $53.4M $46.1M +16% Annual Recurring Revenue (ARR) 3 $14.0M $8.8M +59% Net Retention4 125% 137% Adjusted EBITDA5 $15.3M $6.4M +139% Loss After Tax ($3.7M) ($8.8M) $5.1M Net (debt)/cash at 31 December6 ($1.8M) ($4.0M) $2.2M FY24 Operational highlights: 9 new Digital Vending Machine® (DVMTM) license customers (total 27 at end of 2024) 110 content providers connected to the DVM, up from 93 at the end of 2023 Launched Disney+ with Continente - Portugal's largest high-street retailer, in only 12 weeks from first customer contact First two DVM CX (user interface) customers signed, including Altice in the US First Eastern European DVM customer signed Post period-end Digital Vending Machine® 6 new DVM customers to date in 2025, including: New US wins mean the Bango DVM now serves 6 out of the top 8 US communication providers (by subscriber count) First DVM customer in South Korea – leading Telco selected Bango DVM for bundling New DVM Telco customer in Benelux marks the first win from an improved Western Europe DVM pipeline First customer launch of the Bango DVM CX (user interface) with Altice in the US. The DVM CX reduces the effort for resellers when launching bundled offers, allowing them to launch much faster. It is sold as an additional license fee. DVM is on track to once again deliver double digit revenue growth in-line with consensus7. Transactional 98% of traffic acquired with DOCOMO Digital has been migrated to the Bango platform The high cost of sales routes acquired from DOCOMO Digital have experienced volatility and are below expectation however, given the margin profile of these routes, there is minimal impact to EBITDA. Work to optimize or restructure these routes is ongoing. Bango has disconnected several small, unprofitable routes since the DOCOMO Digital acquisition and continues to launch selected new routes where there is significant growth potential. Core Transactional revenue (excluding the high cost of sales routes) is in-line with expectations. Financing Bango has secured financing which will be used to strengthen the balance sheet and provide further flexibility on the timing of cost reductions. Bango has secured an enhanced loan facility from NHN. Under the agreement, the existing loan will increase by $2.85M and include a deferral of principal repayments for 18 months (further information can be found detailed in the RNS announcement published earlier today titled, 'Loan Agreement and Related Party Transaction'). In addition, Bango has secured a $15M Revolving Credit Facility (RCF) with NatWest. This provides a committed, long-term financing solution that will replace the existing £3M overdraft from Barclays. Efficiency Initiatives Bango expects to report FY25 Adj. EBITDA in-line with consensus7 Further efficiencies are expected to result in a modest increase to Adj. EBITDA vs consensus7 in FY26 of $1M. A reduction in R&D capital expenditure versus current consensus7, of $0.5M in FY25 and $1M in FY26 is planned. Board changes As separately announced, (See 'Directorate Change' RNS published today), Anil Malhotra and Frank Bury will formally step down from the Board at the conclusion of the AGM on 30 June 2025. Investor Presentation: Bango is hosting a presentation, open to all existing and potential shareholders, at 10.30am BST today. Investors can sign up to Investor Meet Company for free and register to join the call here: Bango CEO, Paul Larbey, said: '2024 was a pivotal year for Bango, marked by strong revenue growth, a significant increase in profitability, and strategic progress across both our Digital Vending Machine® and Payments businesses. We delivered a 16% increase in total revenue and more than doubled Adjusted EBITDA to $15.3M, reflecting the operational leverage of our platform and disciplined cost management. The DVM continues to gain global traction, with 9 new customers added during the year and a strong pipeline rapidly converting in 2025 with 6 new wins including our first customer in South Korea. With tens of millions of subscriptions already managed, and the scalability to support hundreds of millions more, Bango is uniquely placed to benefit from the structural shift toward subscription-based services and indirect distribution models. Increasingly, the Bango DVM is becoming the standard platform for subscription bundling - not just in capability, also in reputation. It's the solution recommended by some of the world's largest content providers when their partners want to scale subscriptions and build customer engagement, and now serves 6 of the top 8 US communication service providers. This positions Bango at the very heart of the global subscription economy. In the Payments business, Bango continues to have a leading position in the market and remains the largest Direct Carrier Billing partner for the Google Play store, the only partner powering DCB for the Amazon store in Japan and the sole provider of online DCB services to NTT DOCOMO Japan - the largest operator, in the most valuable DCB market. With the migration of traffic from the DOCOMO Digital platform to the Bango platform we are optimizing our Payments business for cash and profitability by simplifying operations. The financing provided by NatWest and NHN demonstrate strong confidence in Bango's business model & strategic plan and materially strengthens the balance sheet. The decision to make the strategic investment in DVM coupled with the market growth in 'Super bundling' are driving a strong sales pipeline. This combined with disciplined cost management, a reduction in R&D capex and the inherent operational leverage of our platform will deliver a step-change in cash generation in FY26 and drive shareholder returns. We view the future opportunity with both confidence and excitement.' See the full RNS announcement: Notes: The Annual Report, including full accounts, is available at, and will be sent to shareholders shortly. 1 Transactional Revenue is revenue derived by charging a percentage of the retail price paid by the consumer and is made up of carrier billing, resale and e-Disti revenue share amounts.2 DVM & One Off Revenue includes all DVM license and support fees, revenue from Bango Audiences (discontinued in Q1 FY24) and one off fees including DVM set-up and change requests. 3Annual Recurring Revenue is the expected annual revenues to be generated in the next 12 monthsbased on contracted revenues recognized as at 31 December.4 Net Retention is a measure of the retention and expansion of revenue from existing customers over a specific period and is calculated by dividing the ARR from existing customers at the end of a period by the ARR generated from those same customers at the beginning of the period.5Adjusted EBITDA is earnings before interest, tax, depreciation, amortization, negative goodwill, exceptional items and share based payment charge.6Net debt is cash and cash equivalents plus short-term investments less loans and borrowings. 7Current consensus market expectations prior to today's announcement. The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No.596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain. The person responsible for making this announcement on behalf of Bango is Paul Larbey, Chief Executive Officer. For further information, please contact: Investor questions on this announcementWe encourage all investors to share questionson this announcement via our investor hub About Bango Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers. The world's largest content providers, including Amazon, Google and Microsoft trust Bango technology to reach subscribers everywhere. Bango, where people subscribe. For more information, visit Subscribe to our news alert service:
Yahoo
07-05-2025
- Entertainment
- Yahoo
Netflix Nation: Brits devote 60 days a year to watching streaming services
Bango PLC Streaming is now the UK's top digital habit — overtaking music, TikTok, and social media, new research reveals. CAMBRIDGE, United Kingdom, May 07, 2025 (GLOBE NEWSWIRE) -- Over one in ten Brits (13%) now spend the equivalent of 60 full days a year watching content on streaming services like Netflix, Disney+, and Prime Video, clocking up more than 1,460 hours of watchtime per year. That's the same as spending 182 work days watching streaming services. The data, released by subscription bundling platform Bango (AIM:BGO), is based on insights from 40,000 UK consumers, and shows just how embedded streaming services have become in everyday life. More than a third (34%) of Brits now watch two or more hours of streaming content per day, the equivalent of 730 hours a year, putting the UK ahead of its European neighbours. In Spain, 29% stream at least two hours daily, compared to 21% in Italy and France, and 18% in Greece. Streaming also tops the chart for time spent on digital media. UK adults are now more likely to stream content for two or more hours a day (34%) than browse social media (21%), stream music (18%), or scroll TikTok and Reels (13%). Gen Z watches the most, but Gen X pays the bill Gen Z leads the way in streaming consumption, with 40% watching at least two hours daily. But it's Gen X who are footing the bill with 62% covering the cost of streaming services, compared to 51% of Gen Z. Instead, Gen Z are using those savings on other subscriptions. They're the most likely to pay for music subscriptions (40%) and are also more likely to shell out for premium social media features (9%), such as Snapchat+ or X Premium. But Americans still spend the most time streaming While the UK is ahead of some of its European neighbours, the US remains firmly in first place. 40% of Americans watch at least two hours of streaming content daily, and nearly one in five (18%) watch over four hours every single day. And it's not just streaming. In the US, Gen Z is beginning to pay more for other digital experiences too. According to Bango's Subscriptions Assemble report, almost a quarter (23%) of Gen Z Americans now pay to access premium social media platforms, highlighting a global trend in how younger consumers engage with content. Many are also accessing these services indirectly through bundles, like those offered by mobile or broadband providers. In fact, the average American now pays for 5.4 subscriptions, with two of those typically paid for as part of a bundle package. Paul Larbey, CEO of Bango said, 'We're seeing a shift in how younger people are engaging with subscriptions. Gen Z are streaming more than anyone, but they're selective about where their money goes. They're investing in experiences that offer personal value — like music and premium social media — rather than footing the bill for standard streaming services.
Yahoo
08-04-2025
- Business
- Yahoo
Telenet launches cutting-edge entertainment marketplace, powered by the Digital Vending Machine(R) from Bango
Telenet customers enjoy effortless access to the best entertainment subscription bundles - all in one place CAMBRIDGE, United Kingdom, April 08, 2025 (GLOBE NEWSWIRE) -- Bango (AIM: BGO), the global leader in subscription bundling, announces that it is providing the technology behind Telenet's next-generation entertainment marketplace. Through this collaboration, all Telenet customers - across TV, broadband, and mobile channels - can effortlessly access and manage their favorite entertainment subscriptions. Available via Telenet TV, online through My Telenet and in call centre and retail stores, this marketplace delivers the best entertainment subscription overview and bundles in one convenient location using the Digital Vending Machine® (DVM™) from Bango. With a customer base of nearly 2 million, Telenet's innovative entertainment marketplace is designed to provide users with unparalleled control and flexibility over their subscriptions. Initially only launched to Telenet TV customers, this Super Bundling service is now available to all Telenet customers via 'My Telenet' allowing any broadband and mobile customers to take full advantage of an ever-expanding array of entertainment subscriptions. 'Our goal is to provide customers with the most seamless and engaging entertainment subscription experiences,' said Ivor Micallef, Director Product Entertainment at Telenet group. 'In a highly competitive industry, the Bango DVM™ sets us apart, allowing us to deliver a sophisticated variety of bundled entertainment subscription offers. Customers can easily activate, deactivate, and access the best deals, putting them in complete control of their subscriptions via a single Telenet bill.' The Bango DVM™ simplifies subscription bundling, transforming a complex technical and operational process into a seamless business opportunity. With a single integration, Telenet gains access to a rapidly growing network of global subscription providers. This allows for the swift deployment of new subscriptions, ensuring customers always have access to the latest entertainment options. Additionally, valuable insights from the Bango DVM™ enable Telenet to tailor subscription offerings to suit different customer preferences. 'We're excited to be partners with Telenet in bringing their visionary entertainment marketplace to life. With so many subscription services enabled through the Bango DVM™ including leading streaming services such as Netflix and Disney+, telcos can quickly bring to market sophisticated bundling offers. Telcos like Telenet group are leading the way by providing a simple, centralized platform that enhances the customer experience and makes access to and management of subscription services effortless,' said Anil Malhotra, CMO at Bango. About Bango Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers. The world's largest content providers, including Amazon, Google and Microsoft trust Bango technology to reach subscribers everywhere. Bango, where people subscribe. For more information, visit About Telenet group As a provider of entertainment and telecommunication services in Belgium, Telenet group is always looking for the perfect experience in the digital world for its customers. Under the brand name Telenet, the company focuses on offering digital television, high-speed Internet and fixed and mobile telephony services to residential customers in Flanders and Brussels. Under the brand name BASE, it supplies mobile telephony in Belgium. The Telenet Business department serves the business market in Belgium and Luxembourg with connectivity, hosting and security solutions. More than 3,000 employees have one aim in mind: making living and working easier and more pleasant. Telenet group is part of Telenet Group Holding NV and is a 100% owned subsidiary of Liberty Global. Liberty Global is one of the world's leading converged video, broadband and communications companies, innovating and empowering people in six countries across Europe to make the most of the digital revolution. For more information, we refer to Media contact: Anil Malhotra, CMO, Bango anil@ Tel: +44 7710 480 377
Bloomberg
01-03-2025
- Business
- Bloomberg
Unilever's Woes in Indonesia Carry a Warning for Its New CEO
Fernando Fernandez, who takes over Saturday as the new CEO of Unilever Plc, has a track record in emerging markets that have driven the expansion in recent years of what's one of the world's biggest consumer goods groups. The 37-year company veteran will need all the skills he can muster for a market where the maker of Dove soap and Ben & Jerry's ice cream faces some of its most-entrenched problems: Indonesia. Consider what he's up against: At Aeon supermarket on the outskirts of Jakarta, Unilever's Rinso detergent was recently priced at 75,500 rupiah ($4.60) against a discounted 29,800 rupiah for local rival Wings Group's SoKlin. The capital's food stalls that use sweet soy sauce — a staple of dishes from chicken satay to 'nasi goreng' — buy Wings' Kecap Sedaap label that's 3,000 rupiah cheaper than Unilever's Bango brand. Some of the corner stores sprouting across the country say they can't directly stock Unilever goods because the company doesn't take small orders.
