News
Bango sales up to £10m, but still posts loss
Tim Green Jun 12 2007, 11:00am
Bango has increased its revenues by more than a third but still posted a loss for the full year ended March 31st.
The off-portal specialist reported sales were up 38 per cent to £10.4 million against a
a pretax loss of £3.3 million. However, the company believes it is well placed to exploit the widely predicted explosion in mobile internet use and drive towards profitability in the coming fiscal year.
Ray Anderson, CEO of Bango, said: "With largely predictable and stable operational costs, our focus for the year to March 2008 is to continue to drive down customer acquisition costs and to strengthen the product proposition…this will enable us to capitalize on market growth from a position of strength."
In the last year, Bango has helped power the mobile web sites for brands including MTV, Capcom, Daily Telegraph, FT.com, Agent Provocateur, Jamba, Flycell, Betfred, Yamaha Music, EA mobile, Paramount Pictures and others.
It’s also targeted smaller content providers with hundreds of small and individual customers signing up for the free sign-up Starter package.
