Bango (BGO)

Sector:

IT Services

Index:

FTSE AIM All-Share

129.00p
   
  • Change Today:
      8.50p
  • 52 Week High: 214.00
  • 52 Week Low: 95.60
  • Currency: UK Pounds
  • Shares Issued: 76.81m
  • Volume: 321,329
  • Market Cap: £99.08m
  • RiskGrade: 277

Bango partners with US streaming service Pandora

By Josh White

Date: Tuesday 03 Jul 2018

LONDON (ShareCast) - (Sharecast News) - Mobile commerce company Bango has partnered with Pandora - a US-based music streaming service - to power subscriptions through Pandora reseller partners.
The AIM-traded firm said the service was initially available on a particular US-based wireless network provider - AT&T - enabling Pandora to grow the subscriber base for their music service.

Eligible customers would be able select a bundled subscription to Pandora Premium to add to their plan.

"Driving subscriber growth is a key focus area for us this year," said Pandora vice-president of business development Dave Geary.

"We're excited to partner with Bango to enable listeners' seamless sign-up to Pandora's subscription music services through Bango's network of telco and other billing partners."

Bango said the last few years had seen a "huge change" in how people received entertainment, with a dramatic shift toward online streaming services.

The paid subscription model had supported growth among such services, with data from the Recording Industry Association of America (RIAA) suggesting the majority of the 16.5% rise in music revenue in the US in 2017 was due to music streaming services.

"Bango is excited that Pandora has chosen to use the Bango platform to broaden their reach through partnership with resellers," said Bango chief executive officer Ray Anderson.

"We look forward to building on this initial launch to enable Pandora to grow new subscribers in the era of streaming services."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Bango Market Data

Currency UK Pounds
Share Price 129.00p
Change Today 8.50p
% Change 7.05 %
52 Week High 214.00
52 Week Low 95.60
Volume 321,329
Shares Issued 76.81m
Market Cap £99.08m
RiskGrade 277

Bango Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.88% below the market average56.88% below the market average56.88% below the market average56.88% below the market average56.88% below the market average
38.27% below the sector average38.27% below the sector average38.27% below the sector average38.27% below the sector average38.27% below the sector average
Price Trend
61.78% below the market average61.78% below the market average61.78% below the market average61.78% below the market average61.78% below the market average
62.64% below the sector average62.64% below the sector average62.64% below the sector average62.64% below the sector average62.64% below the sector average
Income Not Available
Growth
2.29% below the market average2.29% below the market average2.29% below the market average2.29% below the market average2.29% below the market average
12.94% above the sector average12.94% above the sector average12.94% above the sector average12.94% above the sector average12.94% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Bango Dividends

No dividends found

Trades for 17-May-2024

Time Volume / Share Price
17:07 8,500 @ 129.00p
16:29 1,500 @ 130.65p
16:29 2,535 @ 129.39p
16:27 2,500 @ 130.00p
16:03 400 @ 130.00p

Bango Key Personnel

CEO Paul Larbey

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