BOKU Inc.

12/02/2020 | Press release | Distributed by Public on 12/02/2020 01:04

Trading Update

2 December 2020

Boku, Inc.

('Boku'or the 'Company'and, together with its subsidiaries, the 'Group')

Trading Update

Boku, a leading global mobile payment and mobile identity company,is pleased to provide the following unaudited trading update for the year ending 31 December 2020.

As a result of continued strong trading in the Company's Payments businesses, together with a benefit from COVID-19 related cost savings, the Boku board now expects Group EBITDA for the year ending 31 December 2020 to be at least $13.5 million, at least $1 million higher than the current consensus market forecast.

A further trading update will be provided in January 2021 after the peak December trading period has been completed.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/ 2014. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Boku by Keith Butcher, Chief Financial Officer of Boku.

Enquiries:

Boku, Inc.

Jon Prideaux, Chief Executive Officer

Keith Butcher, Chief Financial Officer

+44 (0)20 3934 6630

Peel Hunt LLP (Nominated Adviser and Broker)

Edward Knight / Paul Gillam / Nick Prowting

+44 (0)20 7418 8900

IFC Advisory Limited (Financial PR & IR)

Tim Metcalfe / Graham Herring / Florence Chandler

+44 (0)20 3934 6630

Notes to Editors

Boku Inc. (AIM: BOKU) is a leading global provider of mobile payment and identity solutions. Boku technology is integrated into over 220 mobile wallets and network operators worldwide powering mobile user authentication and mobile payments. Boku processes over 800 million transactions worth more than $7 billion annually in nearly 70 countries. Global leaders that rely on Boku to acquire, monetise, and protect digital consumer transactions include Apple, Discover, Experian, Facebook, FIS, Fiserv, Google, Microsoft, Netflix, Paypal, Sony, Spotify and Western Union.

Boku Inc. was incorporated in 2008 and is headquartered in London, UK, with offices in various locations globally including in the US, Mumbai, Munich, Beijing, Paris, Sao Paulo, Singapore, Taipei, and Tokyo.

To learn more about Boku Inc., please visit: https://www.boku.com.