Published on: June 8, 2021
Strong H1 21 trading
Amino’s update for the six months ending May 2021 in our view demonstrates that the group continues to trade strongly. The period saw a 19% YoY revenue increase and a 37% improvement in exit run-rate Annual Recurring Revenue (“ARR”). Management commentary on the outlook for the second half is positive, and we leave estimates unchanged following the announcement. With c$27m of financial headroom, the group’s financial position remains strong, and we continue to believe that Amino is strongly placed to capture growth opportunities from the ongoing convergence of streaming services and traditional Pay TV.