8th Jul 2026 11:00
(Alliance News) - Boku Inc on Wednesday warned financial performance for 2026 is expected to be below current market expectations reflecting delays to the launch of several new connections and slower than anticipated merchant onboarding.
The San Francisco, California-based mobile payment service provider expects 2026 revenue of USD135 million to USD142 million and adjusted earnings before interest, tax, depreciation and amortisation of USD38 million to USD42 million, compared with consensus of USD155 million and USD49.9 million respectively.
In 2025, Boku reported revenue of USD128.8 million and adjusted Ebitda of USD41.3 million.
In response, shares in Boku plunged 33% to 93.50 pence each in London on Wednesday.
"Our financial performance in the first half of 2026 was affected by a number of specific factors, including delays to the launch of several new connections and new merchant on-boarding, which have contributed to slowed revenue growth," said Chief Executive Stuart Neal.
These delays have been partially offset by increased cost efficiencies, Neal added.
First half revenue totalled USD66.5 million, up 11% on-year from USD59.9 million, with adjusted Ebitda of USD19.3 million, up from USD18.4 million. Ebitda margin fell to 29% from 30.6% a year ago.
Boku said it intends to approve a further extension of the current share buyback programme after repurchasing USD23.5 million worth of shares in the first six months of 2026.
Looking ahead, CEO Neal remained optimistic.
"We remain excited by the substantial market opportunity we have ahead of us... and we are confident in our pipeline of opportunities to grow our business with new and existing merchants," he said.
By Jeremy Cutler, Alliance News reporter
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