Key insights
7 slides
Key number
Consolidated Q2 FY2024 sales reached ¥215.1 billion, up 10.0% YoY.
Operating profit rose to ¥21.0 billion, a 12.2% increase. This was the first time profit exceeded ¥20 billion in eight quarters.
Media turnaround
ABEMA sales hit a record ¥42.0 billion, up 25.8% YoY.
The Media segment achieved profitability for the first time since Q2 2023. Operating profit increased by ¥0.7 billion.
Page 5 of the report1Q FY20203.9
2Q FY20204.7
3Q FY20204.5
4Q FY20207.9
1Q FY202110.3
2Q FY202110.4
3Q FY202110.5
4Q FY202113.3
Game growth
Game sales grew 8.1% YoY to ¥67.1 billion.
Growth was driven by the launch of “Granblue Fantasy: Relink” and anniversary events. Operating profit surged 19.8% YoY.
Page 22 of the report1Q FY201936.3
2Q FY201939.9
3Q FY201938.2
4Q FY201937.7
1Q FY202035.2
2Q FY202044.8
3Q FY202036.7
4Q FY202039
Advertising strength
Internet Advertising sales rose 7.1% YoY to ¥107.3 billion.
Operating profit increased 19.6%, significantly outpacing revenue growth.
AI integration
CyberAgent plans to integrate generative AI into ad creative.
The strategy includes leveraging CyberAgentLM to enhance ad creative. It also aims to expand ABEMA’s sports content through partnerships.
Growth levers. Strategic initiatives include integrating generative AI and expanding sports content.
Page 36 of the report- 01Integrate generative AILeverage CyberAgentLM to enhance ad creative.
- 02Expand sports contentPartner with DAZN and WOWSPO for ABEMA.
- 03Sustain game revenueLaunch new titles like 'Umamusume Pretty Derby'.
Net income
Net income attributable to shareholders rose 30.8% YoY to ¥10.3 billion.
This growth was partially offset by a temporary extraordinary loss. SG&A expenses increased modestly by 2.9%.
Balance sheet
Cash deposits and fixed assets grew significantly.
SG&A expenses increased modestly by 2.9%.
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Summary
The presentation outlines CyberAgent’s FY2024 performance, emphasizing record sales and operating profit growth across its three core businesses—Internet Advertising, Media (ABEMA), and Game. Consolidated sales reached ¥215.1 billion in Q2, up 10.0% YoY, while operating profit rose to ¥21.0 billion, a 12.2% increase and the first time surpassing ¥20 billion in eight quarters. Internet Advertising sales climbed 7.1% YoY to ¥107.3 billion, with operating profit up 19.6%. The Media segment achieved a new high of ¥42.0 billion in sales, up 25.8% YoY, and turned profitable for the first time since Q2 2023; operating profit increased 0.7 billion yen. Game sales grew 8.1% YoY to ¥67.1 billion, driven by the launch of “Granblue Fantasy: Relink,” which sold one million units within eleven days, and by anniversary events for major titles; operating profit surged 19.8% YoY.
Financially, SG&A expenses increased modestly by 2.9%, while cash deposits and fixed assets grew significantly, reflecting investment in technology and talent. Net income attributable to shareholders rose 30.8% YoY to ¥10.3 billion, offset by a temporary extraordinary loss.
The company’s strategy focuses on leveraging generative AI and large‑language models (CyberAgentLM) to enhance ad creative, expand ABEMA’s sports content through partnerships with DAZN and WOWSPO, and sustain game revenue by launching new titles such as “Granblue Fantasy Versus” and “Umamusume Pretty Derby.” The overarching goal is to increase sales and profits, with FY2023 operating profit as a low point, and to position CyberAgent as a global digital media and technology leader.
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