Updated Mar 23, 2026 by GREE
GREE, Inc. reported Q2 FY2023 net sales of ¥16.6 billion and operating income of ¥1.7 billion, with the Internet and Entertainment segment outperforming forecasts.
The mobile title 'Heaven Burns Red' was the primary driver of segment profitability, with international expansion into Korean and traditional Chinese markets scheduled for February 10.
The metaverse platform REALITY saw overseas sales double between June and December 2022, supported by new monetization features like an avatar shop.
The company recorded a net loss of ¥0.9 billion for the quarter, driven by foreign-exchange losses and a valuation loss on investment securities.
The Investment and Incubation Business returned to profitability in Q2, supported by distributions from investees and new capital allocations into six venture funds and eleven startups.
Operating costs decreased by ¥0.2 billion to ¥14.8 billion, with no significant structural changes reported during the period.
Management maintained its FY2023 outlook, projecting Q3 Internet and Entertainment operating income between ¥1.0 billion and ¥1.5 billion.
GREE, Inc. reported Q2 FY2023 net sales of ¥16.6 billion and operating income of ¥1.7 billion, with the Internet and Entertainment segment outperforming forecasts.
The mobile title 'Heaven Burns Red' was the primary driver of segment profitability, with international expansion into Korean and traditional Chinese markets scheduled for February 10.
The metaverse platform REALITY saw overseas sales double between June and December 2022, supported by new monetization features like an avatar shop.
The company recorded a net loss of ¥0.9 billion for the quarter, driven by foreign-exchange losses and a valuation loss on investment securities.
The Investment and Incubation Business returned to profitability in Q2, supported by distributions from investees and new capital allocations into six venture funds and eleven startups.
Operating costs decreased by ¥0.2 billion to ¥14.8 billion, with no significant structural changes reported during the period.
Management maintained its FY2023 outlook, projecting Q3 Internet and Entertainment operating income between ¥1.0 billion and ¥1.5 billion.