BOKU (GB:BOKU) has released an update.
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Boku Inc reports a robust 24% revenue increase to $47.3 million for the first half of 2024, driven by rising transaction volumes and a strong uptake in digital wallets and Account to Account payments. Despite an operating loss due to foreign exchange revaluation and increased expenses, the company maintains a healthy Adjusted EBITDA margin of over 30% and remains debt-free with significant cash reserves. Boku continues to invest in its ambition to become the premier localized payment partner for global commerce, expecting continued growth and product expansion.
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