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An update from Rakuten ( (JP:4755) ) is now available.
Rakuten Group, Inc. reported a 10% increase in total revenue for the fiscal year 2024, driven by growth across its Internet Services, FinTech, and Mobile segments. The company saw improvements in operating profit due to strategic marketing changes, expanded customer base, and enhanced network quality, with the International Business Unit achieving full-year profitability. Despite these gains, the company recorded a net loss of 162,442 million yen, though this marks a significant improvement from the previous year. The positive shift in operating profit and the first-time positive standalone monthly EBITDA for Rakuten Mobile indicate a strengthening position in the market.
More about Rakuten
Rakuten Group, Inc. operates in the Internet Services, FinTech, and Mobile industries, focusing on providing a diverse range of digital services and products. The company has a market presence in both domestic and international markets, offering services that include e-commerce, financial services, and telecommunications.
YTD Price Performance: 18.02%
Average Trading Volume: 16,436
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $14.29B
See more insights into 4755 stock on TipRanks’ Stock Analysis page.
