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Boku Inc on Tuesday saw it shares tick upwards as it posted improved revenue and reported expectations of further growth in 2025. The San Francisco-based mobile payment service provider said profit before tax reduced 46% to $6.2 million in 2024 from $11.4 million the prior year. Operating profit for the firm came in 37% lower at $6.2 million from $9.7 million. Revenue by contrast grew 20% to $99.3 million from $82.7 million, in line with Boku’s guidance provided in its January trading statement of revenue in excess of $99 million. Direct Carrier Billing revenue grew 11% to $73.3 million from $66.1 million, driving growth. Revenue from other Local Payment Methods further supported growth as it improved 56% to $26.0 million from $16.6 million. Adjusted earnings before interest, tax, depreciation and amortisation also matched guidance figures as it improved 22% to $31.4 million from $25.8 million. The firm anticipated it in excess of $31 million. Boku attributed its weaker operating profit to a mix of factors including: ‘increases in foreign exchange revaluation losses on non-USD balances [largely JPY] and share based payment expenses driven by increases in both the number of awards granted, to a growing number of staff, and the Boku share price’. Its shares were up 5.1% at 166.00 pence on Tuesday morning in London. Looking at current trading, Boku said the new year has started ‘strongly’, with it possessing a ‘healthy and increasing pipeline of opportunities’. The firm anticipates revenue growth in excess of 20% for 2025. Chief Executive Stuart Neal said: ‘Boku’s strong financial health and positive momentum reaffirms our position as a leader in Local Payment Methods [LPMs]. With robust organic revenue and adjusted Ebita growth, we continue to invest in capabilities that will drive future business expansion.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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