BANGO: Netflix launch and strong trading

Bango Plc | Published on 09/01/2018

Bango has announced the launch of carrier billing for Netflix subscribers in Mexico. The company has also confirmed that the overall business performed strongly during H2 17E, with the key End User Spend (“EUS”) metric having more than doubled over FY 16A (+105%). Furthermore, with a £4.8m cash balance, the Group’s financial position remains solid. The release contains no details on the terms of the Netflix launch and we make no changes to forecasts. However, the announcement gives further confidence that the Group remains on track to deliver FY 18E EBITDA breakeven.

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