Bango lifts adjusted EBITDA 34% as subscription revenue grows
Bango ($BGO) reported first-half revenue of $25.9 million, up 3%, with stronger subscription activity offsetting a planned reduction in parts of its payments business. Subscription revenue increased 13% to $12.3 million, while payments revenue declined 5% to $13.6 million. Annual recurring revenue reached $20.4 million, an increase of 31%, indicating growth in the contracted subscription base. Adjusted EBITDA rose 34% to $9 million. The company’s Cash EBITDA measure improved to $3.7 million from
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