CyberAgent reported a significant financial turnaround for Q2 FY2020, with profit attributable to shareholders surging 338% to ¥4,760 million compared to a loss of ¥1,087 million in the same period last year.
02
Consolidated net sales grew 7.3% year-on-year to ¥244,853 million, while operating income rose 45% to ¥20,231 million.
03
The game business remains a primary profit driver, contributing ¥80,103 million in sales and ¥15,560 million in operating income.
04
The internet advertising segment generated the highest revenue at ¥140,110 million, yielding ¥12,389 million in operating income.
05
The media business, encompassing ABEMA and Ameba, recorded ¥26,043 million in sales but operated at a loss of ¥9,288 million.
06
Management maintained its original October 2019 full-year forecast for FY2020, projecting ¥465,000 million in net sales and ¥28,000 million in operating income.
07
The company’s cash and cash equivalents increased by ¥395 million to reach a total of ¥84,959 million by the end of the quarter on March 31, 2020.
Insights
01
CyberAgent reported a significant financial turnaround for Q2 FY2020, with profit attributable to shareholders surging 338% to ¥4,760 million compared to a loss of ¥1,087 million in the same period last year.
02
Consolidated net sales grew 7.3% year-on-year to ¥244,853 million, while operating income rose 45% to ¥20,231 million.
03
The game business remains a primary profit driver, contributing ¥80,103 million in sales and ¥15,560 million in operating income.
04
The internet advertising segment generated the highest revenue at ¥140,110 million, yielding ¥12,389 million in operating income.
05
The media business, encompassing ABEMA and Ameba, recorded ¥26,043 million in sales but operated at a loss of ¥9,288 million.
06
Management maintained its original October 2019 full-year forecast for FY2020, projecting ¥465,000 million in net sales and ¥28,000 million in operating income.
07
The company’s cash and cash equivalents increased by ¥395 million to reach a total of ¥84,959 million by the end of the quarter on March 31, 2020.