GREE projects Q3 FY2023 operating income for its Internet and Entertainment Business to range between ¥1.0 billion and ¥1.5 billion, heavily dependent on the performance of new Korean and traditional Chinese releases of 'Heaven Burns Red'.

According to "Summary of Main Supplementary Explanations Questions and Answers: FY2023 Second Quarter": GREE projects Q3 FY2023 operating income for its Internet and Entertainment Business to range between ¥1.0 billion and ¥1.5 billion, heavily dependent on the performance of new Korean and traditional Chinese releases of 'Heaven Burns Red'.

The 'REALITY' metaverse platform has achieved profitability, with significant overseas growth led by North America, followed by Indonesia and Thailand.

According to "Summary of Main Supplementary Explanations Questions and Answers: FY2023 Second Quarter": The 'REALITY' metaverse platform has achieved profitability, with significant overseas growth led by North America, followed by Indonesia and Thailand.

GREE is scaling marketing spend in Q3 to support the one-year anniversary of 'Heaven Burns Red' and the international expansion of the 'REALITY' platform.

According to "Summary of Main Supplementary Explanations Questions and Answers: FY2023 Second Quarter": GREE is scaling marketing spend in Q3 to support the one-year anniversary of 'Heaven Burns Red' and the international expansion of the 'REALITY' platform.

The 'REALITY' user base is primarily composed of Gen Z females who prioritize private communication features, driving consistent monetization through gifting, avatar sales, and in-game purchases.

According to "Summary of Main Supplementary Explanations Questions and Answers: FY2023 Second Quarter": The 'REALITY' user base is primarily composed of Gen Z females who prioritize private communication features, driving consistent monetization through gifting, avatar sales, and in-game purchases.

The Anime Business is shifting toward an in-house model to develop game-to-anime adaptations, aiming to diversify intellectual property and increase long-term user engagement.

According to "Summary of Main Supplementary Explanations Questions and Answers: FY2023 Second Quarter": The Anime Business is shifting toward an in-house model to develop game-to-anime adaptations, aiming to diversify intellectual property and increase long-term user engagement.

The Investment and Incubation Business is expected to face short-term losses due to current market conditions, though the company maintains a strategy of diversified investment timing to stabilize long-term contributions.

According to "Summary of Main Supplementary Explanations Questions and Answers: FY2023 Second Quarter": The Investment and Incubation Business is expected to face short-term losses due to current market conditions, though the company maintains a strategy of diversified investment timing to stabilize long-term contributions.

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Key Insights

Summary of Main Supplementary Explanations Questions and Answers: FY2023 Second Quarter

GREE~4 min full read

01
GREE projects Q3 FY2023 operating income for its Internet and Entertainment Business to range between ¥1.0 billion and ¥1.5 billion, heavily dependent on the performance of new Korean and traditional Chinese releases of 'Heaven Burns Red'.
See it on page 2
02
The 'REALITY' metaverse platform has achieved profitability, with significant overseas growth led by North America, followed by Indonesia and Thailand.
See it on page 1
03
GREE is scaling marketing spend in Q3 to support the one-year anniversary of 'Heaven Burns Red' and the international expansion of the 'REALITY' platform.
See it on page 2
04
The 'REALITY' user base is primarily composed of Gen Z females who prioritize private communication features, driving consistent monetization through gifting, avatar sales, and in-game purchases.
See it on page 2
05
The Anime Business is shifting toward an in-house model to develop game-to-anime adaptations, aiming to diversify intellectual property and increase long-term user engagement.
See it on page 1
06
The Investment and Incubation Business is expected to face short-term losses due to current market conditions, though the company maintains a strategy of diversified investment timing to stabilize long-term contributions.
See it on page 2

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