Bango PLC (AIM:BGO, OTCQX:BGOPF) has reported results for what chief executive Paul Larbey describes as a strong first half, in which a growing number of blue-chip customers continued their adoption and use of the 'Digital Vending Machine'.
The payments and digital subscription services specialist reported its interim results, for the six months to 30 June, confirming a 5% increase in revenue to $25.2 million, with annual recurring revenue growing 20% year-on-year to $15.6 million.
Earnings (adjusted EBITDA) rose 66% to $6.7 million, whilst active subscription numbers managed by Bango's Digital Vending Machine doubled to 19.2 million.
The company secured seven new customers, including its first in South Korea and Japan, and now serves six of the top eight US telecoms, and so far in the second half it has added deals with DISH TV and MTN in Africa.
"The Digital Vending Machine continues to gain momentum, managing over 19 million active subscriptions at the end of June - twice the number at the same point last year," said CEO Peter Larby.
"This momentum was underpinned by 7 new customer wins so far this year, including our first in South Korea, a first Telco in Japan and with further wins in the US, meaning 6 out of the top 8 Telcos in the US rely on the Digital Vending Machine for bundling.
"Adoption of the DVM is also broadening beyond Telcos, with leading content providers and platforms increasingly selecting Bango to power their bundling strategies."
The Bango chief highlighted a positive outlook that sees the firm delivering scalable, profitable growth as it continues to capture the global opportunity in subscription bundling.
Larbey added: "Bango is well-positioned for significant cash generation in 2026.
"I am excited by our growing base of blue-chip customers and encouraged by their expanding application of the Bango DVM to power a varied and compelling range of bundled offers."