Bango Plc Cambridge - BGOPF STOCK NEWS

Bango (BGOPF) announces a strategic partnership with Telenet to power their next-generation entertainment marketplace through the Digital Vending Machine® (DVM™) technology. The platform enables Telenet's nearly 2 million customers across TV, broadband, and mobile channels to manage their entertainment subscriptions in one centralized location.

Initially launched for TV customers, the Super Bundling service has expanded to all Telenet customers via 'My Telenet'. The marketplace provides seamless access to various entertainment subscriptions, including Netflix and Disney+, with unified billing through Telenet. The Bango DVM™ facilitates quick deployment of new subscriptions and offers valuable insights for tailoring customer offerings.

Bango (BGOPF) has released a comprehensive study titled 'Subscriptions Assemble' revealing significant trends in US subscription spending. The research, surveying 5,000 Americans, shows that 23% of subscribers spend over $100 monthly on streaming and subscription services.

The average American maintains 5.4 subscriptions, with two typically included in bundle packages. 55% of subscribers access these 'indirect' subscriptions through cell phone providers, while 34% do so via retailers like Walmart or Amazon. The study highlights a shift toward bundle deals, with 44% of subscribers now receiving previously paid services for free through bundles.

Video streaming leads subscription categories at 75%, followed by retail subscriptions at 62%, gaming at 22%, and emerging AI services at 9%. The research indicates a strong preference for consolidated subscription management, with 62% of subscribers favoring bundles over individual services.

Bango (AIM: BGO) has launched the world's first all-in-one technology for Super Bundling, enabling businesses to build and manage subscription hubs through its enhanced Digital Vending Machine® (DVM™) product. This technology addresses growing consumer demand, as research shows 35% of subscribers have lost track of subscription costs, 49% are frustrated by fragmented management, and 73% desire a single hub for all subscriptions.

The new DVM CX allows telcos, banks, and retailers to quickly launch branded subscription hubs with pre-built templates, connect with hundreds of subscription partners (including Netflix, Disney+, and Amazon Prime), and analyze real-time performance metrics. Bango estimates this white-label solution will save resellers up to 18 months in development time.

Additional features in the DVM update include enhanced offer management, a migration engine for existing subscriptions, automated offer orchestration, smart top-ups, and partner discovery with over 100+ subscription services. CEO Paul Larbey explains this addresses the current market gridlock by streamlining the process of creating subscription bundles.

Bango (AIM: BGO) has partnered with Continente, Portugal's largest retailer, to enhance customer offers through its Digital Vending Machine® (DVM™). The collaboration enables Cartão Continente loyalty card holders to subscribe to Disney+ with exclusive benefits. Customers can subscribe to Disney+ Standard with Ads for €1.99 monthly for three months, followed by €5.99 monthly, receiving 30% cashback on their loyalty cards.

Continente operates over 350 stores across Portugal with more than 4 million families using their loyalty card, accepted at over 2,000 locations with rewards from 20+ partner brands. The cashback can be used online or in-store at Continente and associated brands. The initiative demonstrates how retailers can leverage the Bango DVM™ to offer subscription services and enhance customer engagement.

Bango has released a new report titled 'Super Bundling: Inside secrets' based on interviews with executives from leading subscription brands. The report reveals that telcos are considered the ideal partners for subscription bundling, offering extensive reach and payment convenience. Consumer demand for telco-led Super Bundling varies globally, with 66% in East Asia, 55% in Latin America, 50% in the Americas, and 46% in Europe wanting their mobile operators to offer these services.

The study, which included insights from three top-five SVOD platforms and other leading subscription services, highlights how telcos can benefit through reduced churn, increased customer loyalty, and enhanced service offerings.

Crunchyroll, the global anime streaming platform, has partnered with Bango (AIM: BGO) to expand its international subscriber base through bundling partnerships. This collaboration enables Crunchyroll to offer its subscription service bundled with mobile and broadband plans, as well as other consumer services like bank accounts and retail clubs.

Bango, a leader in bundling technology, will manage the technical aspects of creating and managing subscription bundles for resellers. This partnership opens up opportunities for 'Super Bundling', allowing telcos to integrate Crunchyroll into their all-in-one subscription platforms and content hubs.

The agreement aims to help Crunchyroll grow beyond its current 14 million subscribers through new indirect channels. It offers consumers more cost-effective deals and less administrative hassle while providing telcos and other resellers the ability to offer Crunchyroll in attractive bundles.

Bango's survey of 5,000 subscribers across Japan, South Korea, and Taiwan reveals that 34% of East Asian subscribers now sign up to services exclusively via third-party bundles and offers, surpassing rates in the USA, Latin America, and Europe. Japan leads with nearly 40% of subscribers going indirect. The East Asian subscription economy is thriving, with subscribers managing an average of 3.3 subscriptions and spending $29 monthly.

Key findings include:

• 70% of East Asian subscribers prefer services with content in their native language
• 64% want a single app to manage all subscriptions
• 60% would spend more time using subscriptions if managed in one place
• 37% would pay a higher bill for a package of popular subscriptions
• 66% prefer their mobile operator to offer Super Bundling packages

The report highlights the potential for Super Bundling to drive engagement, increase service uptake, and boost overall satisfaction in the East Asian market.

Bango (AIM: BGO) announced its interim results for the six months ended 30 June 2024. Key financial highlights include:

• Total Revenue: $24.1M (+18.6% YoY)
• Transactional Revenue: $16.4M (+5.3% YoY)
• Annual Recurring Revenue (ARR): $12.9M (+130.4% YoY)
• Adjusted EBITDA: $4.0M (up $4.2M YoY)

Operationally, Bango signed 4 new Digital Vending Machine® (DVM) customers in 1H24 and 3 more post-period. The company expanded its eDisti program to 20 content providers, including Microsoft and Disney. Bango also signed a global agreement with Uber to accelerate Uber One subscriptions through telco channels. The company remains confident in meeting market expectations for the full year and returning to a positive net cash position in FY25.

Bango (AIM:BGO) has announced a strategic partnership with Les Mills, a global fitness service provider, to expand the accessibility of its digital fitness subscriptions globally. LES MILLS+ is now available through Bango's Digital Vending Machine® (DVM™), allowing telcos and other resellers to offer this fitness service to their customers as a bundle, add-on, or part of a Super Bundling content hub.

The partnership taps into the growing demand for at-home workouts and digital fitness platforms. Telcos can now provide their customers access to Les Mills' world-class workouts, diversifying their content offerings. The DVM™ enables telcos to quickly and cost-effectively broaden their range of third-party services, while Les Mills expands its reach through new telco channels.

For content providers like Les Mills, this means extending their subscription service reach to consumers worldwide beyond their direct market channels. Consumers benefit by gaining access to the best deals on their favorite subscriptions.