15th Jul 2021 12:04
(Alliance News) - Bango PLC on Thursday reported strong revenue growth for the first half of 2021 as the company enters the second half with strong momentum.
The Cambridge-based mobile commerce firm said revenue for the first half of 2021 rose 49% to GBP7.1 million, from GBP4.8 million a year prior. It also expects adjusted earnings before interest, tax, depreciation and amortisation to top GBP2 million, rising from GBP1.1 million a year earlier.
Firms such Amazon.com Inc, Google and Microsoft Corp use Bango technology to acquire more paying users.
"Building on the strong foundations laid in 2020, Bango has sustained high growth in the first half of 2021. The Bango platform is the preferred way for merchants to grow their customer base, as demonstrated by the additional business with Xbox cloud gaming and Amazon Prime bundles," said Chief Executive Paul Larbey.
Shares in Bango were up 0.2% at 222.00 pence each in London on Thursday shortly after midday.
By Amrit Sahota; [email protected]
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