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Rakuten ( (JP:4755) ) has provided an update.
Rakuten Group, Inc. reported its consolidated financial results for the fiscal year ending December 31, 2024, achieving a significant 10% increase in revenue from the previous year, amounting to 2,279,233 million yen. Despite this revenue growth, the company faced a net loss of 162,442 million yen, although this marks an improvement from the previous year’s loss of 339,473 million yen. The improvement in operating results highlights a positive trend in Rakuten’s financial performance, potentially strengthening its industry position and providing a more solid footing for future growth and expansion. The company’s EBITDA nearly doubled, reflecting an enhanced ability to generate cash flow, which could have favorable implications for stakeholders.
More about Rakuten
Rakuten Group, Inc. operates in e-commerce, digital content, and financial technology sectors. It is known for its internet services, particularly its e-commerce platform in Japan, and has been expanding its footprint in the financial services industry.
YTD Price Performance: 18.02%
Average Trading Volume: 16,436
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $14.29B
Learn more about 4755 stock on TipRanks’ Stock Analysis page.
