Here is a summary of the key points from the trading update for Boku, Inc. for the year ended December 31, 2024
Financial Performance
Group revenue is expected to exceed $99 million, representing a c.20% increase year-over-year (or c.24% growth on a constant currency basis).
Adjusted EBITDA is anticipated to be over $31 million, a c.22% increase compared to the prior year, with a margin of approximately 31.7%.
The Groups total cash position improved to approximately $177 million, up from $150.9 million in the previous year.
Operational Highlights
The Groups financial performance was driven by expanded access for merchants to a growing global user base through an increasing number of local payment method connections.
Monthly Active Users (MAUs) saw a significant increase of 31% to 88.4 million in December 2024 compared to the previous year.
Total Payment Volume (TPV) grew to c.$12.4 billion, an 18% year-on-year increase (or 23% on a constant currency basis), driven by increasing active user numbers.
Strong growth continued in new users of digital wallets and A2A connections.
The Company delivered on strategic initiatives, including its first e-commerce launch in Japan, for which it developed new platform features.
Overall, Boku, Inc. had a strong year in 2024, with solid financial and operational performance. The Company expects to announce its audited results on March 18, 2025, providing further insights into its performance.
| Year | Group Revenue | Adjusted EBITDA | Total Group Cash | Boku's Own Cash |
|---|---|---|---|---|
| 2024 | $99 million | $31 million | $177 million | $80 million |
| 2023 | $82.7 million | $25.8 million | $150.9 million | $70.4 million |