BANGO PLC CAMBRIDGE ORD - BGOPF STOCK NEWS

According to a new report by Bango, 29% of US subscribers plan to sign up for a new streaming service to watch the Olympic Games this July, with this figure rising to 66% among current SportsVOD subscribers. Peacock, which holds the rights to stream the Paris Olympics, stands to benefit. The average SportsVOD user subscribes to seven services and spends $1,440 annually, compared to the US average of $77 per month. Despite the high market value, fragmentation in sports streaming services is driving demand for centralized platforms. Over half of SportsVOD users find multiple subscriptions unaffordable, and 87% want a single content hub. This fragmentation has led to a rise in piracy, with 55% of sports streamers using illegal services. ESPN, Fox, and WB Discovery are working on a combined sports streaming platform to address these issues. Bango's report highlights the potential of Super Bundling, with 70% of SportsVOD users wanting all-in-one packages from their cell phone providers, and 76% willing to pay more for such services.

Bango (BGO) reports strong financial performance for FY23, with total revenue reaching $46.1M, a 62% increase YoY. The company saw significant growth in Transactional Revenue, DVM, Bango Audiences & One Off Revenue, and Annual Recurring Revenue. Adjusted EBITDA increased by 29% to $6.4M. Despite a Loss After Tax of $8.8M, Bango's Net Retention stood at 137%. Operational highlights include 9 new DVM license customers, expansion of subscription content providers, and a growing sales opportunity funnel. The outlook for 2024 remains positive, with revenue in Q1 24 growing by over 20% from Q1 23, and ARR increasing to $11.0M by March 2024. Bango also announced new DVM wins and extended contracts with key telcos.

Bango (BGO) announces partnerships with Sports.com, Cineshort, and BINGE Movies & TV to enhance its Digital Vending Machine® offerings. The partnerships aim to diversify subscription services available for telcos and resellers, accelerating time to market and enriching content options for consumers. With the digital subscriptions market projected to grow to $600 billion by 2026, Bango's Digital Vending Machine® remains a key player in facilitating Super Bundling for consumers and content providers.

A recent study by Bango reveals the impact of ads, bundling, and password-sharing crackdowns on the US subscription economy. The research shows that ad-funded tiers have led to a 36% increase in US subscribers upgrading their services, while 31% have canceled subscriptions due to the introduction of ads. The report also highlights the rise in paid upgrades to avoid ads, the impact of password crackdowns, and the demand for subscription hubs and 'Super Bundling' services.

Bango expands partnership with Sam Media to offer XR content through Digital Vending Machine®, providing groundbreaking entertainment experiences. The collaboration enables resellers to differentiate services and reach global audiences with innovative XR technology like SingSpace karaoke platform.

Bango: 'Super Bundling' Strategy to Boost Subscription Services. New Bango research reveals that subscription leaders are focusing on 'Super Bundling' as a key growth strategy. This model integrates subscriptions through a centralized content hub, offering a strong competitive advantage and revenue source. Subscription providers aim to reduce churn and amplify customer acquisition through cross-industry bundling, with telcos playing a crucial role. However, there are challenges in technical integration and partner management. Bango's Digital Vending Machine (DVM) is positioned to address these challenges, providing a subscription bundling SaaS platform for seamless Super Bundling implementation.

Bango announces partnership with Perlego to enhance subscription services via Bango Digital Vending Machine. Perlego's online book subscription service will be integrated into the platform, expanding its reach to a global audience. The collaboration aims to provide greater control and accessibility to subscription services.

Bango and MyBundle announce a partnership to expand access to US consumers for streaming subscription services. This collaboration allows MyBundle to accelerate the deployment of new tools and offerings to its marketplace, serving over 180 broadband provider customers in the US. MyBundle broadband partners service over 10 million US households.

Bango announces strategic partnership with Sam Media for Direct Carrier Billing of XR content