Boku stock drops 32.6% after company cuts financial outlook

Boku's stock plummeted 32.6% after the company significantly lowered its full-year financial outlook due to operational headwinds. The company now expects lower revenues and adjusted EBITDA than previously forecast, impacted by a partner's shift to dual suppliers and the suspension of two payment connections. Despite strategic progress and share repurchases, the guidance cut and negative surprise caused the stock to hit a new 52-week low, erasing substantial market value.