CyberAgent Inc. reported a strong third quarter for fiscal year 2024, with sales reaching ¥598.6 billion (US$4.22 billion), an 11.9% year-over-year increase. The company’s operating profit surged by 89.5% to ¥35.9 billion (US$253 million), while ordinary profit also saw a significant rise, hitting ¥37.0 billion (US$260 million), up 89.9%. Notably, net profit skyrocketed by 339.3% to ¥15.8 billion (US$112 million). The key driver behind this growth was the substantial reduction in losses for the “ABEMA” platform, which saw its deficit narrow from ¥11.4 billion last year to just under ¥500 million.
Additionally, CyberAgent’s online advertising and gaming segments delivered robust performances. The media business, centered around ABEMA, recorded sales of ¥125.9 billion (US$890 million), a 25.5% increase, with a reduced operating loss of ¥489 million (US$3.4 million). The internet advertising business achieved record sales of ¥324.8 billion (US$2.3 billion), up 7.8%, and an operating profit of ¥17.6 billion (US$124 million), a 27.1% increase.
The game business benefited from new titles like “Gakuen Idolmaster” and “GRANBLUE FANTASY: Relink,” contributing to sales of ¥151.1 billion (US$1.1 billion), up 10.4%, and an operating profit of ¥26.8 billion (US$189 million), a 32.5% increase. The investment development business, including CyberAgent Capital’s venture activities, posted sales of ¥1.1 billion (US$7.8 million), down 57.6%, and an operating loss of ¥1.3 billion (US$9.2 million). Other businesses, encompassing Makuake and Realgate, saw sales of ¥23.3 billion (US$163 million), up 8.4%, and an operating profit of ¥498 million (US$3.5 million), a 34.8% increase.
Looking ahead, CyberAgent forecasts a continued upward trajectory, expecting fiscal year-end sales to reach ¥790 billion (US$5.57 billion), up 9.7%. Projected operating profit is ¥41 billion (US$289 million), a 67% increase, with net profit anticipated to be ¥16.5 billion (US$116 million), reflecting a 209.4% surge. The company has achieved 75.8% of its sales target, 87.6% of its operating profit target, 90.1% of its ordinary profit target, and 95.9% of its net profit target, positioning it well to meet its fiscal year objectives.
