ReportGREE
FY2023 Third Quarter GREE Results Briefing: Summary of Supplementary Explanations
2 pages~2 min full read
GREE’s metaverse platform, REALITY, has surpassed 10 million global users and maintains high daily engagement rates through avatar sales and livestreaming.
See it on page 1The Internet and Entertainment segment projects Q4 operating income of approximately ¥1.5 billion, balancing the decline of domestic anniversary event revenue with new overseas expansion.
See it on page 2GREE is integrating generative AI into the REALITY platform to facilitate user-generated 3D content, including avatars and world elements.
See it on page 1The Investment and Incubation Business is expected to generate ¥0.5 billion in Q4 operating income, primarily driven by dividend receipts from corporate venture capital funds.
See it on page 2Overseas releases of 'Heaven Burns Red' are currently generating sales consistent with market expectations, though long-term forecasts remain pending due to the limited duration since launch.
See it on page 1The briefing clarifies GREE’s financial outlook and strategic positioning for FY2023, focusing on the third quarter results. It reports that overseas releases of “Heaven Burns Red” have begun to generate sales consistent with market size, though a precise forecast remains unavailable due to the short time frame. In the Internet and Entertainment segment, operating income for Q4 is projected at approximately ¥1.5 billion, reflecting a decline from the Japanese version’s anniversary event contributions but offset by overseas expansion.
The company highlights its metaverse platform, REALITY, as a key growth driver. REALITY boasts over 10 million global users, with daily engagement rates that surpass many competitors, and has achieved steady monetization through avatar sales and livestreaming. GREE plans to enhance the platform with generative AI, enabling user‑generated 3D content such as avatars and world elements, mirroring approaches seen in other metaverse services.
For the Investment and Incubation Business, Q4 operating income is expected to reach roughly ¥0.5 billion, largely supported by dividend receipts from corporate venture capital funds. Overall, the briefing underscores GREE’s focus on expanding overseas markets, monetizing its metaverse ecosystem, and leveraging AI to sustain growth across its entertainment and investment portfolios.
