FinancialCyberAgent
2Q FY2022 Presentation Material: January to March 2022
27 Apr 202245 pages~16 min full read
CyberAgent reported Q2 FY2022 consolidated sales of 191.1 billion yen and an operating profit of 25.7 billion yen, marking a 16.9% year-over-year revenue increase.
See it on page 10The Game business generated 69.0 billion yen in sales and 21.3 billion yen in operating profit, driven by anniversary events for major titles including Uma Musume Pretty Derby and Granblue Fantasy.
See it on page 6The full-year operating profit forecast is projected to decline by 32.9% to 70 billion yen due to heavy upfront media investments and the expected normalization of gaming sector performance.
See it on page 5ABEMA media platform sales grew 37.9% year-over-year despite a quarterly operating loss of 1.9 billion yen, bolstered by the WINTICKET betting service which saw a 2.1x increase in transaction volume.
See it on page 5CyberAgent secured exclusive free broadcasting rights for all 64 matches of the FIFA World Cup Qatar 2022 to accelerate ABEMA's transition into a primary profit pillar.
See it on page 35Future growth strategy includes the release of three major RPG titles in 2022 and continued technological investment to enhance advertising effectiveness.
See it on page 26CyberAgent’s financial performance for the second quarter of fiscal year 2022 reflects a period of robust growth across its core business segments, characterized by consolidated sales of 191.1 billion yen and an operating profit of 25.7 billion yen. This 16.9% year-over-year increase in revenue was primarily fueled by record-breaking performance in the Internet Advertisement division and a significant recovery in the Game business. The gaming sector specifically benefited from high-profile anniversary events for major titles such as Uma Musume Pretty Derby and Granblue Fantasy, which drove quarterly segment sales to 69.0 billion yen and operating profit to 21.3 billion yen.
The strategic focus remains centered on leveraging the profitability of advertising and gaming to fund the long-term expansion of the ABEMA media platform. While ABEMA reported a quarterly loss of 1.9 billion yen, its sales grew by 37.9% year-over-year, supported by the rapid scaling of the WINTICKET betting service. WINTICKET achieved a 2.1x increase in transaction volume, capturing 31% of the online Keirin market. To further solidify ABEMA’s market position, the company secured exclusive free broadcasting rights for all 64 matches of the FIFA World Cup Qatar 2022, aiming to transition the platform into a primary profit pillar.
Despite the strong quarterly results, the full-year outlook remains cautious, with a projected 32.9% decline in operating profit to 70 billion yen. This forecast accounts for substantial upfront investments in media content and a normalization of the gaming sector following previous peaks. Future growth initiatives include the release of three major RPG titles later in 2022 and continued technological investments to maximize advertising effectiveness. The overall trajectory indicates a transition toward a diversified digital ecosystem where high-margin services subsidize the development of a dominant streaming and entertainment infrastructure.
