**Summary**
Boku, Inc., a global network of local payment methods, released a trading update for the year ended December 31, 2025, highlighting strong and diversified growth across its global network. Key financial and operational highlights include
1. **Financial Performance**
Total revenue for FY 2025 is expected to exceed market expectations at approximately $128.5 million, a 29% increase from FY 2024, driven by growth in Digital Wallets & Account-to-Account (A2A) schemes (+66%) and Bundling (+71%).
Adjusted EBITDA is projected at $41 million, up 31% year-on-year, with a margin of 32%.
Total cash increased by 39% to $246 million, while Boku’s own cash grew by 28% to $103 million.
2. **Operational Growth**
Total Payment Volume (TPV) rose by 27% to $15.5 billion.
Monthly Active Users (MAU) increased by 32% to 115 million.
Boku expanded its merchant network, onboarding high-profile clients like a leading digital design platform and a global entertainment company.
3. **Strategic Progress**
Diversification efforts succeeded, with Digital Wallets, A2A, and Bundling contributing 45% of total revenue.
Continued investment in innovation, including money movement, currency conversion, and next-generation payment solutions.
4. **Outlook**
CEO Stuart Neal expressed confidence in Boku’s medium-term guidance, targeting organic revenue growth <mark style="background-color:yellow">above</mark> 20% CAGR and adjusted EBITDA margins above 30% from FY 2026 onward.
Boku’s performance reflects its strong position in the expanding mobile-native payment methods market and its role as a preferred partner for global technology leaders.