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DeNA Co. Reports Mixed Financial Results for 2024
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DeNA Co. Reports Mixed Financial Results for 2024

DeNA Co ( (DNACF) ) has released its Q2 earnings. Here is a breakdown of the information DeNA Co presented to its investors.

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DeNA Co., Ltd. is a company primarily engaged in providing internet services, particularly in the gaming and live streaming sectors, along with ventures in sports and healthcare. DeNA is headquartered in Japan and listed on the Tokyo Stock Exchange.

In its latest earnings report for the six months ending September 30, 2024, DeNA Co. showed a mixed financial performance. While the company reported a decline in overall revenue by 6.5% compared to the same period last year, operating profit improved by 14.4%. However, profit before tax and profit attributable to owners of the parent saw significant declines of 41.3% and 59.5% respectively.

The company’s Game Business saw a revenue drop of 14.4%, yet managed to achieve a remarkable 462.8% increase in segment profit due to cost reductions, notably from downsizing operations in China. Conversely, the Live Streaming Business experienced a 5.5% revenue decline with increased segment losses, attributed to higher marketing expenses. The Sports Business maintained steady growth with a slight revenue increase of 1.4%, while the Healthcare & Medical Business faced challenges with a 4.6% revenue decrease due to non-demand periods in the healthcare segment.

In terms of financial position, DeNA’s total assets decreased slightly, and cash flow from operating activities showed improvement, reflecting better management of receivables. The company has not provided a forecast for the fiscal year ending March 31, 2025, due to uncertainties, but remains committed to achieving growth in revenue and operating profit.

Looking ahead, DeNA aims to enhance its revenue streams and operating profits, navigating challenges in the rapidly evolving sectors it operates in. The company’s strategic focus remains on leveraging its diverse portfolio and fostering synergies among its business segments to drive sustainable growth.

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