Bango CEO Paul Larbey on strong H1 performance; progress with four strategic pillars

Proactive - Interviews for investors

Bango PLC (AIM:BGO, OTCQX:BGOPF) CEO Paul Larbey takes Proactive's Stephen Gunnion through the company’s strong first-half results, highlighting impressive growth figures across multiple areas. Larbey noted that Bango saw a 19% rise in overall revenue - or 22% in constant currency. The company’s carrier billing business grew by 5%, with stronger performance when adjusted for currency fluctuations. The standout performer was Bango's Digital Vending Machine (DVM) business, which achieved a 63% year-on-year growth. Larbey emphasised that recurring revenue from the DVM increased by 130%. He attributed these gains to the strategic moves made after Bango's acquisition of DOCOMO Digital. Expenses have been decreasing, which has led to a positive EBITDA of £4 million, compared to a small loss in the same period last year. Larbey also spoke about signing new DVM customers, including one from the financial services sector, indicating significant future growth opportunities. The second half of the year looks promising, with key events like Amazon Prime Day, Black Friday, and Cyber Monday expected to drive further growth. Visit Proactive’s YouTube channel for more interviews and updates on Bango PLC. Don’t forget to give the video a like, subscribe to the channel, and enable notifications for future content! #BangoPLC #DigitalVendingMachine #RevenueGrowth #PaulLarbey #FinancialResults #CarrierBilling #TechGrowth #DOCOMODigital #RecurringRevenue #BusinessGrowth #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews