The Currency analytics

Boku Revenue Jumps 29% as Digital Wallets Drive Growth

By Evie Vavasseur

Boku crushed expectations. The payments company posted a 29% revenue surge to $128.5 million for 2025, beating analyst forecasts by a wide margin according to today's trading…

The London-listed firm's adjusted EBITDA climbed 31% to $41 million, well above the $39.8 million consensus estimate. EBITDA margins ticked up to 32% from 31.6% in 2024.

The segment posted 66% revenue growth and now makes up a big chunk of Boku's business alongside its bundling product, which jumped 71%.

Digital wallets already showed serious momentum in early 2025 with 89% revenue growth. Boku has been pushing hard to diversify beyond its core direct carrier billing (DCB)…

Monthly active users climbed to 115 million in December. That's a 32% increase from the previous year.

The company landed several big-name clients in 2025, including what it called "a top digital design platform" and "a global entertainment company.

Boku trades on London's AIM market under ticker BOKU. The company's shift toward digital wallets and account-to-account payment schemes has been driving results.

The decision to separate bundling from direct carrier billing in financial reporting shows Boku wants more transparency.

Boku's AIM listing continues attracting investor interest, driven by robust financial performance and strategic growth moves.

But Boku hasn't disclosed specific details about certain high-profile client partnerships. The lack of disclosure leaves room for speculation about potential impact on future…

Boku's moves got a boost from its 2020 Fortumo acquisition. That deal expanded reach into emerging markets and provided a broader customer base.

On December 15, 2025, Boku announced a partnership with a major Southeast Asian e-commerce platform.

Neal said in a recent investor call that Boku's investment in advanced authentication technologies improved transaction security.

The company also reported that ongoing efforts to streamline operations resulted in a 15% reduction in transaction processing costs.

Boku's recent wins got another boost from its focus on expanding partnerships with major tech companies.

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