Boku (BOKU) Trading Update summary

Financial performance

• Revenue for 2024 expected to exceed $99 million, up about 20% from $82.7 million in 2023, or 24% growth on a constant currency basis.

• Adjusted EBITDA anticipated above $31 million, a 22% increase year-on-year, with a margin of approximately 31.7%.

• Group cash at year-end 2024 was around $177 million, up from $150.9 million in 2023; Boku's own cash was $80 million after a $10.7 million share buyback.

Operational highlights

• Monthly active users rose 31% to 88.4 million in December 2024.

• Total payment volume reached about $12.4 billion, up 18% year-on-year, or 23% on a constant currency basis.

• Strong growth in new users of digital wallets and account-to-account (A2A) connections.

• Strategic initiatives included the first e-commerce launch in Japan with new platform features.

Strategic outlook

• Expanded merchant access and a growing global user base are driving performance.

• Continued investment in scalable infrastructure supports long-term growth.

• Positioned to capitalize on rising demand for local payment methods in cross-border e-commerce.