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Bango reports 'strong' revenue growth as end user spend more than doubles

By BFN News | 08:29 AM | Wednesday 10 July, 2019

Mobile commerce company Bango reported 'strong' revenue growth for the first half of the year as end user spend on its payments platform more than doubled. For the six months ended 30 June 2019, revenues grew 64% to £4.3m with end user spend more than doubling to over £465m. The company reported positive earnings (EBITDA) in the second quarter of the year, with the operational leverage gained through the Bango Platform delivering revenue growth on a stable cost base, and operating on a cash-flow positive basis. Looking ahead, the company said it continued to expect significant revenue and EUS growth in 2020 and beyond, driven by recent wins of new Google Play, Amazon and Microsoft routes, supported by strong growth across existing routes and further agreements with major media players, including a new global merchant agreement, signed in the first half of the year. At 8:29am: (LON:BGO) Bango PLC share price was +7.5p at 87.5p Story provided by

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