Today, Bango reported on its commercial and financial progress in 1H 2024.
Highlights include:
- 19% increase in total revenue
- 130% increase in Annual Recurring Revenue
- 159% Net Revenue Retention
- New customer wins including, Disney and Uber
- New capabilities to speed up time-to-revenue including, the consumer CX and eDisti program
“The subscriptions market is vast and growing, and the percentage of subscriptions bundled through channels is increasing. Bango’s leadership position in this market is strengthening with the DVM now playing a key role in the customer acquisition and engagement strategies of major content brands. We are excited by the opportunity ahead and remain on track to continue our strong growth trajectory and return to a positive net cash position in FY25.”
– Paul Larbey, Chief Executive Officer of Bango:
During the first half of 2024, we have been laser focused on our strategy for growth. This strategy has 4 key pillars:
- Expand: Lead the bundling of subscription services through telco channels
- Enhance: Use data to differentiate Bango and monetize content providers
- Explore: Identify new bundling opportunities outside telcos
- Extract: Manage the transactional business for cash and profit
Get a full update on progress against the strategy in the first half of 2024:
