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bango - BGOPF STOCK NEWS

Welcome to our dedicated news page for bango (Ticker: BGOPF), a resource for investors and traders seeking the latest updates and insights on bango.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect bango's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of bango's position in the market.

News
Bango PLC ("Bango" or the "Company") 2023 Full Year Results and 2024 Outlook
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Bango (BGO) reports strong financial performance for FY23, with total revenue reaching $46.1M, a 62% increase YoY. The company saw significant growth in Transactional Revenue, DVM, Bango Audiences & One Off Revenue, and Annual Recurring Revenue. Adjusted EBITDA increased by 29% to $6.4M. Despite a Loss After Tax of $8.8M, Bango's Net Retention stood at 137%. Operational highlights include 9 new DVM license customers, expansion of subscription content providers, and a growing sales opportunity funnel. The outlook for 2024 remains positive, with revenue in Q1 24 growing by over 20% from Q1 23, and ARR increasing to $11.0M by March 2024. Bango also announced new DVM wins and extended contracts with key telcos.
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Bango expands the Digital Vending Machine® with new streaming subscription services
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Bango (BGO) announces partnerships with Sports.com, Cineshort, and BINGE Movies & TV to enhance its Digital Vending Machine® offerings. The partnerships aim to diversify subscription services available for telcos and resellers, accelerating time to market and enriching content options for consumers. With the digital subscriptions market projected to grow to $600 billion by 2026, Bango's Digital Vending Machine® remains a key player in facilitating Super Bundling for consumers and content providers.
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Ad tiering pays off as 36% of subscribers level up to avoid ads
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A recent study by Bango reveals the impact of ads, bundling, and password-sharing crackdowns on the US subscription economy. The research shows that ad-funded tiers have led to a 36% increase in US subscribers upgrading their services, while 31% have canceled subscriptions due to the introduction of ads. The report also highlights the rise in paid upgrades to avoid ads, the impact of password crackdowns, and the demand for subscription hubs and 'Super Bundling' services.
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Bango and Sam Media power extended reality (XR) subscription bundles for telcos
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Bango expands partnership with Sam Media to offer XR content through Digital Vending Machine®, providing groundbreaking entertainment experiences. The collaboration enables resellers to differentiate services and reach global audiences with innovative XR technology like SingSpace karaoke platform.
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Bundle up: 81% of subscription leaders say bundling is the future for their industry
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Bango: 'Super Bundling' Strategy to Boost Subscription Services. New Bango research reveals that subscription leaders are focusing on 'Super Bundling' as a key growth strategy. This model integrates subscriptions through a centralized content hub, offering a strong competitive advantage and revenue source. Subscription providers aim to reduce churn and amplify customer acquisition through cross-industry bundling, with telcos playing a crucial role. However, there are challenges in technical integration and partner management. Bango's Digital Vending Machine (DVM) is positioned to address these challenges, providing a subscription bundling SaaS platform for seamless Super Bundling implementation.
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Bango adds Perlego educational subscriptions to Digital Vending Machine®
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Bango announces partnership with Perlego to enhance subscription services via Bango Digital Vending Machine. Perlego's online book subscription service will be integrated into the platform, expanding its reach to a global audience. The collaboration aims to provide greater control and accessibility to subscription services.
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MyBundle and Bango partnership gives more than 10 million US households new streaming and subscription choices
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Bango and MyBundle announce a partnership to expand access to US consumers for streaming subscription services. This collaboration allows MyBundle to accelerate the deployment of new tools and offerings to its marketplace, serving over 180 broadband provider customers in the US. MyBundle broadband partners service over 10 million US households.
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Bango and Sam Media bring premium extended reality (XR) content to more users around the world
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Bango announces strategic partnership with Sam Media for Direct Carrier Billing of XR content
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Uncharted waters: 44% of Asian consumers admit to piracy for streaming content
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Overloaded with subscriptions and unsure of costs, consumers ditch streaming services in favor of piracy
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Overloaded: 81% of Asian consumers think there are ‘too many’ subscription services to choose from now
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93% want a single hub to manage all subscriptions including video, music, gaming, sport, and more. Subscription overload is causing frustration and unnecessary costs for consumers. However, consumers want a more seamless experience and would sign up for more subscriptions if they were consolidated through a centralized content hub. Telcos are the most trusted provider for a centralized content hub, and Super Bundling content hubs would boost consumer loyalty. Telcos like Verizon and Optus have already launched 'Super Bundling' content hubs in the US and Australia. Bango specializes in the technology behind Super Bundling.
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OTC:BGOPF

BGOPF Rankings

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BGOPF Stock Data

118.20M
49.62M
32.13%
50.51%
Software Publishers
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United Kingdom
Cambridge