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Ateam Returns to Profit as Crypto Investments Offset Digital Marketing Losses

The company swung to net income of ¥559 million after recording crypto asset valuation gains
Japan
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Ateam Inc. returned to profitability in the second quarter despite revenue declines, as cryptocurrency gains offset weaknesses in its digital marketing business.

The company reported revenue of ¥11.5 billion ($76.7 million) for the six months ended January, down 3.1% from a year earlier. However, Ateam swung to an operating profit of ¥92 million after posting a ¥185 million loss in the same period last year.

Net income reached ¥559 million, compared with a ¥193 million loss a year earlier, boosted by ¥547 million in cryptocurrency valuation gains recorded by its subsidiary Paddle. This gain overshadowed a ¥432 million provision for sales promotion costs at the same unit.

The media and solutions segment, Ateam’s largest business, saw revenue fall 2.4% to ¥8.34 billion, with segment profit declining 20% to ¥249 million. The company cited budget cuts from major financial media clients and increased advertising from competitors.

Both the direct-to-consumer and entertainment divisions returned to profitability despite revenue declines, with the entertainment segment posting a ¥250 million profit after recording a ¥51 million loss a year earlier.

Ateam maintained its full-year forecast, projecting revenue of ¥25 billion and operating profit of ¥1 billion for the fiscal year ending July 2025.

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