BANGO PLC CAMBRIDGE ORD - BGOPF STOCK NEWS

93% want a single hub to manage all subscriptions including video, music, gaming, sport, and more. Subscription overload is causing frustration and unnecessary costs for consumers. However, consumers want a more seamless experience and would sign up for more subscriptions if they were consolidated through a centralized content hub. Telcos are the most trusted provider for a centralized content hub, and Super Bundling content hubs would boost consumer loyalty. Telcos like Verizon and Optus have already launched 'Super Bundling' content hubs in the US and Australia. Bango specializes in the technology behind Super Bundling.

Bango announces interim results for H1 2023 with revenue up 88% to $20.3M and strong DVM traction in the US, but reports a loss before taxation of $4.9M.

The global revenue from video, music, and other subscription-based services sold through telco bundles is projected to reach $24.8bn this year and grow to $42.8bn in 2027. Currently, 20% of all streaming video subscriptions are sold through bundling partnerships with telco companies, and this is expected to increase to 25% by 2028. In certain regions like Latin America, telco bundles are predicted to account for nearly 50% of streaming video subscriptions within the next 5 years.

88% of telco leaders in the US and UK plan to offer Super Bundling content hubs, according to a new report. Super Bundling services involve a single payment for multiple subscriptions delivered through a single online hub. Telcos see Super Bundling as a key strategy for revenue growth and customer acquisition.

Bango has reported strong preliminary results for FY 2022, with revenue increasing by 38% to $28.5M, driven by key SaaS wins and the acquisition of DOCOMO Digital. Annual recurring revenue surged to $5.0M from $1.1M in 2021. The company's end-user spend also rose, reaching $5.6B as of December 2022. Notably, Bango expects to end 2023 with a projected ARR of $10M, surpassing previous estimates. However, adjusted EBITDA fell to $5.0M from $6.1M. The acquisition is on track to yield $10M in incremental EBITDA by 2024, with $11M of targeted cost synergies already executed.

Bango (AIM: BGO) is partnering with Dropbox to enhance its global reach by facilitating subscription offerings through telecom operators using the Bango Platform. This collaboration aims to streamline the launch of third-party offers, simplifying complex processes for users. Bango's acquisition of Docomo Digital will further expand its network of global distribution partners. With Dropbox's 700 million users, the partnership is expected to leverage high user engagement and retention rates, addressing the increasing demand for cloud storage and collaboration services in a more distributed work environment.

Bango has partnered with Benefit One, Japan's leading employee benefits platform, to integrate video streaming subscriptions into its services starting April 2023. Employers using Benefit One can offer these subscriptions, with eligible employees able to utilize 'Kyutoku Payment' from June 2023 to deduct fees directly from payroll, receiving a 10% point rebate. This initiative reflects a growing consumer demand for bundled subscription services, as seen in a Bango survey revealing 78% of consumers prefer a single platform for managing subscriptions. The partnership aims to enhance customer engagement and retention through easy access to various streaming services.