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Wireless

Bango warns for EBITDA below expectations

Thursday 27 December 2018 | 09:28 CET | News
Mobile commerce specialist Bango expects end user spend to more than double this year and for cash to reach GBP 3.5 million, enough to fund group profitability. EBITDA will be positive for the fourth quarter but not for the full year, coming in below market expectations. Bango attributed the change at least partly to the company decision to categorise several new contracts for subscription services as long term, high value annuity revenues this year, rather that one-time, up-front fees.

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Categories: Mobile & Wireless
Companies: Bango
Countries: World
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