0
Wireless

Bango sees 'promising' outlook after solid H1

Tuesday 17 September 2019 | 10:30 CET | News
Bango confirmed revenues for the first half jumped 64 percent year-on-year to GBP 4.32 million, pushed by end user spend which more than doubled to GBP 465 million. Adjusted EBITDA lifted to GBP 0.01 from a loss the year earlier of 0.92 million, while adjusted operating expenses came in a bit higher, in line with expectations, at GBP 3.60 million from 3.30 million the year before. These went higher on the back of product development and investment in data business.  

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Bango
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Bango finishes full acquisition of Audiens after revenue targets reached

Published 22 Nov 2019 11:31 CET | World
Mobile commerce specialist Bango said it has met its revenue and other targets for Audiens, the Italian data management startup ...

Bango enables carrier billing subscriptions for YouTube TV

Published 14 Nov 2019 09:44 CET | World
Bango launched carrier billing payment services for the monthly subscription-based YouTube TV package. Following an initial ...

Bango technology drives mobile payment for toll roads in the US

Published 16 Sep 2019 15:36 CET | United States
Bango and AE Tolls entered into a partnership that allows American drivers to place road toll charges on their monthly phone ...

Bango signs distribution agreement with Spotify

Published 13 Aug 2019 09:40 CET | World
Mobile commerce company Bango said it has tied up with Spotify to make the streaming service available for operators worldwide to ...

Bango expands Resale service across Middle East, Asia

Published 25 Jul 2019 08:23 CET | Asia
Mobile commerce company Bango reports it has signed OTT partnership deals to reach subscribers across pre-paid mobile, fixed ...

Bango expects revenues up 64% in H1, boosted by higher end user spend

Published 10 Jul 2019 10:08 CET | World
Bango has given a trading update for the first half of the year, saying it expects strong revenue growth of 64 percent ...

Bango moves to positive EBITDA in Q4 but lowers outlook for 2019

Published 19 Mar 2019 10:32 CET | World
Bango said it moved to positive EBITDA in the fourth quarter of 2018 and a near break-even result for the full year, in line with ...

Bango creates new COO role to drive growth of Bango Marketplace

Published 20 Feb 2019 10:21 CET | World
Mobile commerce company Bango has announced the appointment of Paul Larbey to the newly-created role of Chief Operating Officer ...

Bango first to offer Amazon carrier billing for Vivo customers

Published 14 Jan 2019 09:30 CET | Brazil
Mobile commerce services provider Bango has expanded the use of its billing integration technology to enable Vivo customers to ...

Bango confirms Rand as CFO, names independent director

Published 03 Jan 2019 08:58 CET | World
Cruickshank will guide and support the expected rapid growth of Bango as it starts to exploit its data monetisation technology ...

Bango warns for EBITDA below expectations

Published 27 Dec 2018 09:28 CET | World
Mobile commerce specialist Bango expects end user spend to more than double this year and for cash to reach GBP 3.5 million, ...

Bango launches Bango Marketplace data monetisation product

Published 11 Dec 2018 09:58 CET | World
Bango released Bango Marketplace, a new data monetisation product aimed at app developers and mobile operators. Bango uses ...

Bango names Rand as interim CFO

Published 10 Oct 2018 15:48 CET | World
Bango appointed Carolyn Rand as interim CFO. Rand is expected to remain as interim CFO on a full-time basis until at least April ...

Bango confirms departure of CFO in November

Published 27 Sep 2018 15:24 CET | World
Mobile commerce company Bango announced that Chief Financial Officer (CFO) Rachel Elias-Jones will leave the company on 12 ...

Bango makes new hires to develop sales, products, boosted by 54% higher revenues for H1

Published 18 Sep 2018 13:30 CET | World
Mobile payments specialist Bango has released its preliminary results for the first half, confirming end user spend jumped 138 ...