Bango plc(DE:B1O)
€1.11+0.17 (+17.46%)
DE:B1O
Bango plc earnings date
€1.11
At close:+0.17 (+17.46%)
Bango plc (B1O) Q2 2026 Earnings Report
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DE:B1O Q2 2026 EPS Results
- Actual EPS
- -EUR 0.01
- Consensus EPS
- ―
- Beat/Miss
- ―
- One Year Ago EPS
- -EUR 0.04
DE:B1O Q2 2026 Revenue Results
- Actual Revenue
- EUR 23.02M
- Expected Revenue
- EUR 23.41M
- Beat/Miss
- Missed by -EUR 393.70K
- YoY Revenue Growth
- -1.12%
Earnings Announcement Details
- Quarter
- Q2 2026
- Date
- 09/25/2026
- Time
- Before Open
- Conference Call
- Friday, September 25, 2026
DE:B1O Upcoming Earnings
Bango plc's next earnings date is estimated for March 16, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive. Highlights significantly outweighed the lowlights, with substantial growth in ARR, net revenue retention, adjusted EBITDA and cash EBITDA; positive operating profit and adjusted profit after tax; improving gross margin and recurring revenue quality; continued DVM wins; and expectations for subscriptions to become cash EBITDA positive in fiscal 2027. The main negatives were the planned decline in headline payments revenue, remaining net debt, temporary exceptional cash costs, revenue recognition timing and slower development in non-telco verticals.
Company Guidance
Bango said trading remains in line with full year market expectations; the restructuring of high cost of sales routes will complete this year, although depending on the final outcome there may be a low single-digit variation to payments revenue with negligible impact on adjusted EBITDA, and payments should still have a weighting towards H2. Subscriptions is still expected to be cash EBITDA positive in fiscal '27, while net debt is forecast to achieve a similar reduction in the second half as in the first half and analyst forecasts indicate net debt of low single digits around sort of $2 million to end fiscal year '27. D&A is set to peak next year in fiscal year '27, after which a reduction in D&A will come through the income statement, and meaningful deleveraging is expected in fiscal year '27.
- Annual Recurring Revenue Surpassed $20 MillionAnnual recurring revenue grew 31% year-on-year from $15.6 million to $20.4 million in the first half of fiscal 2026. More than 60% of the growth came from existing customers.
- Strong Net Revenue Retention and Customer ExpansionNet revenue retention was 119%, reflecting existing customers adding subscriptions, increasing usage, adding content partners and moving through Digital Vending Machine license tiers. The subscriptions business reported 0 customer churn to date.
- Adjusted EBITDA and Margin ImprovementAdjusted EBITDA increased 34% year-on-year to $9 million, while EBITDA margin increased from 27% to 35%, more than 800 basis points higher year-on-year.
- Significant Cash EBITDA GrowthBango achieved $3.7 million of cash EBITDA in the first six months of fiscal 2026, compared with $2.3 million over the full 12 months of the prior year. Management described this as 60% growth in cash earnings in half the period of time.
- Subscriptions Profitability Improved MateriallySubscriptions revenue increased 13% year-on-year, while adjusted EBITDA increased 224%. Cash EBITDA improved by $4.3 million year-on-year, moving from negative territory 12 months earlier to $3.7 million. The subscriptions business remains on track to be cash EBITDA positive in fiscal 2027.
- Recurring Subscription Revenue AcceleratedWithin subscriptions, subscription-based recurring revenue increased 39% year-on-year, significantly faster than total subscriptions revenue growth of 13%. Management said the recurring mix is improving the quality and visibility of the revenue base.
- Payments Core Portfolio Continued to GrowAlthough headline payments revenue declined, the core payments portfolio grew 3% year-on-year. Core routes represented around 90% of payments revenue, compared with 83% a year earlier, and payments adjusted EBITDA margin increased to 43%, ahead of the 40% target.
- Payments Business Remained Cash GenerativePayments maintained its strong cash EBITDA position and increased cash EBITDA year-on-year despite the headline revenue reduction, reflecting the focus on higher-quality and more profitable revenue.
- Gross Margin Reached 87%Group gross margin increased to 87% in the first half, with management attributing the improvement to better revenue quality in payments and growth in the Digital Vending Machine business.
- Structural Cost Efficiency GainsCore administrative expenses decreased by $3.3 million, or 15%, in the first half. Compared with two years earlier, the first-half cost base was reduced by $5.5 million, or 23%, while the company continued to invest in the Digital Vending Machine opportunity.
- More Disciplined Capital InvestmentCapitalized development costs decreased to $5.3 million, 31% below the level of two years earlier. Management said the reduction reflected greater discipline in deploying development resources, reducing friction and improving time to market, rather than reducing ambition for the Digital Vending Machine.
- Positive Operating Profit and Adjusted Profit After TaxOperating profit turned positive compared with a $2.9 million loss in the prior-year period, and adjusted profit after tax also turned positive. The company reported 0 exceptional costs in the period compared with $1.8 million last year.
- Net Debt Reduced and Deleveraging Expected to ContinueNet debt ended the half at $8.7 million, down $0.5 million from December and in line with expectations. Management expects meaningful deleveraging in fiscal 2027 as exceptional costs fall away and working capital normalizes.
- Continued DVM Sales MomentumBango had six new Digital Vending Machine wins at the end of the half and eight wins by the time of the presentation. The company is tracking more than 100 telcos, each with over 4 million customers, in addition to opportunities in banking, retail and connected television.
- Large Addressable Customer OpportunityManagement identified more than 400 million potential customers across 100 tracked telcos, each with more than 4 million customers. Examples cited included Turkcell with 50 million customers and Proximus with more than 3 million customers.
- New Payments Customers AddedBango signed two new payments deals in fiscal 2026 with Telin in Hong Kong and LMT in Latvia, bringing their Google Play Store business onto Bango.
- Digital Vending Machine Demonstrated Broad Use CasesExamples included Proximus using the DVM to replace an in-house platform and support more complex bundles, Turkcell using bundles to support its 5G rollout, Odido offering LinkedIn Premium in the Netherlands, KDDI using bundling to extend povo prepaid customer commitments to one year, and Mobile Vikings using flexible bundles for different customer demographics.
- AI Became a Fast-Growing Subscription CategoryManagement said AI services were the fastest-growing category by subscriber sign-ups on the Digital Vending Machine, while SVOD remained the largest category by volume. Examples included Gemini and specialist language-translation services.
- AI Adoption Across Bango and the DVMBango said it uses AI tools extensively across the company, including testing and development, and was invited by Amazon to speak at an AI adoption summit. The company is also using AI to analyze platform data, support subscription success and enable agentic workflows.
- Subscription Demand and Platform HeadroomManagement cited consumer research indicating that more than 50% of Gen Z consumers expect a video service from their telco and other benefits from their bank. The company also noted substantial headroom for users to take multiple subscriptions, including an example in which 50% of customers across Turkcell and Proximus took three subscriptions.
- Trading Remained in Line with ExpectationsManagement stated that trading remained in line with full-year market expectations. The company also reiterated that subscriptions cash EBITDA is expected to be positive in fiscal 2027.
- Financing Structure Supports DeleveragingBango said its shareholder loan from NHN has a fixed interest rate and will begin quarterly amortization at the end of fiscal 2026. Its NatWest revolving credit facility has an interest margin linked to leverage, so the cost of that facility is expected to decline as the business deleverages.
DE:B1O Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 16, 2027 | 2026 (Q4) | ―- | -0.05 | ― | ― |
| Sep 25, 2026 | 2026 (Q2) | ―-0.01 | -0.04 | 78.57% (+0.03) | |
| Apr 27, 2026 | 2025 (Q4) | ―-0.05 | 0.01 | -816.67% (-0.06) | |
| Sep 15, 2025 | 2025 (Q2) | ―-0.04 | -0.05 | 23.64% (+0.01) | |
| Jun 06, 2025 | 2024 (Q4) | ―0.01 | -0.06 | 112.50% (+0.06) | |
| Sep 30, 2024 | 2024 (Q2) | ―-0.05 | -0.01 | -816.67% (-0.04) | |
| Apr 08, 2024 | 2023 (Q4) | ―-0.06 | -0.02 | -166.67% (-0.04) | |
| Sep 18, 2023 | 2023 (Q2) | ―-0.01 | 0.35 | -101.54% (-0.36) | |
| Mar 28, 2023 | 2022 (Q4) | ―-0.02 | ― | ― | |
| Sep 29, 2022 | 2022 (Q2) | ―0.35 | -0.01 | 5671.43% (+0.36) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
