Bango (BGO) Investor presentation summary

Strategic vision and market positioning

• Aims to dominate subscription service distribution via telco channels, leveraging data to differentiate and monetize content providers, and expanding bundling beyond telcos.

• Powers six of the eight largest global companies by market cap and is a leading provider for major brands like Google, Microsoft, Walmart, and Uber.

• Operates one of only two large-scale global Direct Carrier Billing (DCB) businesses and is the exclusive DCB provider for Amazon Japan and NTT DOCOMO.

• Digital Vending Machine (DVM) platform enables rapid, scalable subscription bundling for telcos and content providers.

Financial performance and growth

• FY24 total revenue grew 16% to $53.4M, with adjusted EBITDA up 139% to $15.3M.

• DVM and one-off revenue increased 28% to $17.27M, transactional revenue rose 11% to $36.2M.

• Annual Recurring Revenue (ARR) surged 59% to $14M, with Net Retention Revenue at 125%.

• 1H25 interim results show 33% CAGR in total revenue and 49% CAGR in DVM & one-off revenue from 1H22-1H25.

• Gross margin improved by 350 bps, adjusted EBITDA margin increased to 27%, and loss for the year narrowed to $3.2M.

Platform and technology

• DVM SaaS model charges tiered license fees based on managed subscriptions, with optional features for additional revenue.

• Connects telcos to over 115 content providers and 125 payment providers, enabling rapid onboarding and integration.

• Reduces integration risk and time to market, with some launches completed in as little as 3-4 weeks.

• Offers a full lifecycle solution for telcos and content providers, from strategy and launch to marketing, data, and customer growth.