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Bango sees 'significantly' higher end user spend in second half

Friday, 20th July 2018
Mobile commerce group Bango said Friday it expected end user spend would be 'significantly' higher in the second half of the year than in the first.

For the six months to 30 June, end user spend rose to £220m from £92m the same period a year ago.

Total administrative expenses increased slightly in the half year as the company strengthen sales and marketing in Asia, and accelerated launches by mobile operators in Latin America.

Cash on 30 June 2018 was £5.8m, up from £4.8m on 31 December 2017.

The Bango platform was used by Amazon, Google, Microsoft and Pandora during the first half of the year to launch consumer products in various territories, the company said.

'Our competitive customer offering has been greatly enhanced by Audiens, allowing global merchants to boost customer acquisition and revenue through powerful data insights. This combined proposition is driving EUS and revenue growth, positioning Bango well for a strong second half of the year,' said Ray Anderson, CEO.

At 8:00am: (LON:BGO) Bango PLC share price was +3.5p at 165.5p

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