BGO Bango PLC

Bango PLC (LSE:BGO) delivered 31% ARR growth, a 34% jump in adjusted EBITDA, and its first positive operating profit, even as headline payments revenue dipped on a deliberate low-margin exit.

Bango Plc. CEO Paul Larbey joined Steve Darling from Proactive to discuss the company’s strong first-half results, highlighting continued momentum in its rapidly growing subscriptions business and reaffirming that trading remains in line with full-year market expectations. Larbey said growth in Bango’s subscriptions segment continued through the first six months of 2026 and has carried into the second half of the year, supported by increasing adoption of the company’s Digital Vending Machine (DVM) platform. The platform enables telecom operators and other businesses to package and sell multiple subscription services—including streaming, entertainment and digital content offerings—through a single bundled customer experience. The company secured eight new DVM customers during the first half of the year, with six already signed under contract. Larbey noted that customer demand remains strong, supported by a healthy sales pipeline despite ongoing macroeconomic uncertainty. Bango also continues to execute a strategic restructuring of its lower-margin payments business. The company is streamlining certain payment routes, a process that is running ahead of schedule and is expected to be completed before year-end. While the rationalization may reduce reported revenue by a low single-digit percentage, management expects little impact on profitability and believes it will improve the overall quality and margin profile of the business. For the six months ended June 30, Bango reported revenue of $25.9 million, a 3% increase from the same period last year. The growth was driven primarily by the subscriptions division, where revenue climbed 13% to $12.3 million. Payments revenue declined 5% to $13.6 million as the company continued its planned restructuring of the lower quality revenue routes. Profitability improved significantly across the business. Adjusted EBITDA increased 34% year-over-year to $9 million, with the subscriptions segment playing a leading role. EBITDA from subscriptions more than tripled to $3.2 million, underscoring the growing scalability and operating leverage of the platform. One of the most notable achievements during the period was the company’s turnaround in cash generation. Cash EBITDA improved from a loss of $0.7 million in the prior-year period to a positive $3.7 million, surpassing the total cash EBITDA generated during all of 2025 in just the first six months of 2026. Recurring revenue metrics also continued to strengthen. Annual recurring revenue (ARR), which measures the annualized value of contracted subscription income, rose 31% to $20.4 million. Net revenue retention improved to 119% from 108%, indicating that existing customers are spending more over time and expanding their use of Bango’s platform. #proactiveinvestors #bangoplc #aim #bgo #otcqx #bgopf #DigitalVendingMachine #Subscriptions #Telecom #StreamingServices #SaaS #RecurringRevenue #ARR #Fintech #DigitalCommerce #TechnologyStocks #GrowthStocks #BusinessTechnology #SteveDarling

Bango PLC (AIM:BGO, OTCQX:BGOPF) said trading remains in line with full-year market expectations, with growth in its subscriptions business continuing into the second half. The Cambridge-based company, which runs a platform that lets telecoms groups and other businesses bundle and sell...

Bango PLC (AIM:BGO, OTCQX:BGOPF) non-executive chair Darcy Antonellis talks to Proactive's Stephen Gunnion about her background, why she joined Bango, and how she sees the company's opportunity as the subscription economy evolves. Drawing on senior leadership experience at Warner Bros. and Vubiquity, she explains what drew her to the role. Antonellis outlined Bango's two core businesses - payments and subscription management - and why its Digital Vending Machine (DVM) platform is well placed to serve merchants, brands and telecom operators as subscription demand grows, particularly among younger consumers. She set out her governance priorities as chair: transparency, financial clarity and strong investor engagement. Reflecting on Bango's latest trading update, she points to improving financials and deepening customer relationships, and highlights partnerships with Amazon, Google, Microsoft and major telecom operators as validation of the strategy. One metric stood out: "The one metric that's very interesting to me was overall net revenue retention, 119%" - evidence, she said, that existing customers are expanding their use of Bango's services. Antonellis also sees scope to raise Bango's profile among investors in key markets. For more interviews with listed companies and market insights, visit the Proactive YouTube channel. Don't forget to like this video, subscribe to the channel and enable notifications so you never miss future updates. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #Bango #DarcyAntonellis #SubscriptionEconomy #DigitalSubscriptions #Fintech #Telecom #Technology #InvestorUpdate #UKStocks #GrowthStocks #CorporateGovernance #DigitalVendingMachine #Payments #MediaTechnology #ProactiveInvestors

Bango Plc. Chief Financial Officer Matt Wilson joined Steve Darling from Proactive to discuss the company’s strong first-half performance, highlighting growth in recurring revenue, improving profitability, and confidence in meeting full-year market expectations. Wilson said annual recurring revenue (ARR) increased 31% to $20.4 million for the six months ended June 30, up from $15.6 million a year earlier. Subscription revenue also rose 13% to $12.3 million, while net revenue retention reached 119%, reflecting strong expansion among existing customers. The company generated Cash EBITDA of $3.7 million during the first half, exceeding the $2.3 million delivered during the entire 2025 financial year. Bango now expects Adjusted EBITDA of at least $9 million for the full year, representing a 34% increase over 2025, driven by higher-quality revenue and operational efficiencies. Total revenue is expected to increase 3% to $25.9 million, in line with management guidance. Bango also added six new subscription customers during the period, including three signed contracts and one deal carried over from late 2025. Payments revenue declined 5% to $13.6 million, reflecting the company’s planned strategy of restructuring legacy payment routes to prioritize higher-margin, higher-quality revenue. Net debt improved to $8.7 million at the end of June, down from $9.2 million at the end of December. Wilson added that growing adoption of the Bango Digital Vending Machine platform by global brands, financial institutions, and telecommunications companies reinforces management’s confidence in the platform’s long-term growth potential and the company’s strategy of expanding recurring, subscription-based revenue. The company also added to its board with with Darcy Antonellis becoming non-executive chair and Duncan Magrath joining as audit committee chair. #proactiveinvestors #bangoplc #aim #bgo #otcqx #bgopf #DigitalVendingMachine #Fintech #SubscriptionEconomy #RecurringRevenue #Payments #SaaS #Technology #DigitalCommerce #GrowthStocks