Bango PLC Reports Strong 2024 Financial Growth and Announces New CFO

Bango plc ( (GB:BGO) ) has shared an announcement.

Bango PLC reported a successful financial year for 2024, with total revenue increasing by 16% to $53.4 million and adjusted EBITDA growing by over 137% to exceed $15.2 million. The company’s Digital Vending Machine® (DVM) product has been instrumental in this growth, achieving market leadership and expanding its customer base to 27 contracted customers by the end of 2024. Bango also announced the appointment of Matt Wilson as its new Chief Financial Officer, positioning the company for further growth in 2025.

More about Bango plc

Bango PLC operates in the digital content and services monetization industry, with a focus on enabling content providers to expand their reach to paying customers globally. It has revolutionized online payments through mobile phone users, primarily driven by its Digital Vending Machine® (DVM), which supports the burgeoning subscriptions economy by enhancing subscriber options and control. Bango’s technology is trusted by major content providers such as Amazon, Google, and Microsoft.

YTD Price Performance: 14.36%

Average Trading Volume: 184,627

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £82.59M

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