Partial Correction to FY2024 First Quarter Consolidated Financial Results [Japanese GAAP]

CyberAgent reported Q1 FY2024 net sales of ¥192,655 million, a 15.1% year-on-year increase, with operating income recovering to ¥5,864 million from a ¥1,738 million loss in the prior year.

Despite operational improvements, the company recorded a net loss attributable to owners of the parent of ¥892 million, heavily impacted by an extraordinary goodwill amortization loss of ¥3,376 million.

The Internet Advertisement Business remains the primary revenue driver, contributing ¥104,900 million in sales and ¥5,246 million in operating income.

The Game Business saw a 10.1% increase in sales to ¥45,043 million, but segment operating income declined by 32.9% to ¥3,495 million.

The Media Business, anchored by the ABEMA platform, grew sales by 27.7% to ¥42,784 million while successfully narrowing its operating loss to ¥991 million.

CyberAgent maintained its full-year FY2024 forecast, projecting total net sales of ¥750,000 million and operating income of ¥30,000 million.

As of December 31, 2023, the company held total assets of ¥464,799 million with a shareholders' equity ratio of 28.2%.