Bango PLC (AIM:BGO, OTCQX:BGOPF) said revenue increased in first half as it upped investment and attracted “significant new customers”.
In a trading update for the six months to June, the global platform for data-driven commerce saw sales jump 9% to US$10.8mln in a period when many major currencies declined against the dollar.
The group also added 24 new merchants, including major technology company T-Mobile US.
End User Spend (EUS) increased 16% to over US$2bn, showing the continued growth of merchants using its platform to collect payments.
The number and diversity of customers using Bango audiences to boost the performance of their digital advertising campaigns climbed during H1, with new customers including Hard Rock, Adidas and Marvel games publisher Kabam.
Meanwhile, adjusted EBITDA fell slightly to US$2.6mln from US$2.8mln.
"The increasing competitive advantage of the Bango platform is securing long-term, growing, recurring revenue streams from the world's largest businesses,” Paul Larbey, Bango chief executive, commented.
“With the progress made in the first half, the board is confident Bango will comfortably meet the full year analyst consensus revenue and adjusted EBITDA forecasts for FY22."