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Key Insights
FY 2019 Third Quarter Financial Results
GREE~12 min full read
- 01
GREE reported Q3 FY2019 net sales of ¥17.6 billion and an operating income of ¥1.6 billion, with the latter showing significant growth over the previous quarter due to reduced fixed costs.
See it on page 2 - 02
Mobile gaming remains the primary revenue driver at ¥13.65 billion, while the advertising and media segment contributed ¥3.99 billion.
See it on page 25 - 03
International expansion is a core strategic focus, highlighted by the successful self-distribution of 'Another Eden' in eight regions and strong performance from 'DanMachi' collaboration events.
See it on page 18 - 04
The company maintains a robust financial position with ¥86.3 billion in cash and equivalents as of March 31, 2019.
See it on page 27 - 05
Management forecasts Q4 FY2019 net sales to range between ¥17.0 billion and ¥18.0 billion, supported by a pipeline of five new mobile titles including 'AFTERLOST'.
See it on page 9 - 06
Operational efficiency gains, specifically through the streamlining of outsourcing and operational expenses, successfully offset revenue declines in legacy web-based games.
See it on page 7 - 07
The company is diversifying beyond gaming by expanding its live entertainment ecosystem through the 'REALITY' VTuber app and its 'LIMIA' and 'ARINE' media platforms.
See it on page 21
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