CyberAgent fell sharply. In its third-quarter results, April–June operating profit came to ¥15.0 billion, down 23.6% year on year and below market expectations. Although the full-year forecast was revised upward to ¥77.0 billion, this was below the market consensus of approximately ¥84.0 billion. The lack of growth in profit from the games business was viewed as a negative factor.
CyberAgent announced its third-quarter results, reporting April–June operating profit of ¥15.0 billion, down 23.6% year on year. Revenue was not mentioned in the announcement, but the pronounced decline in profit was highlighted. The lack of growth in profit from the games business was cited.
The full-year outlook announced the same day was revised upward to ¥77.0 billion. This is expected to represent a 7.4% increase from the previous fiscal year, but it is below the market consensus of approximately ¥84.0 billion and is cited as a factor behind the negative reaction. Some view the forecast as conservative.
The market reaction has been predominantly negative, together with the company’s recent deterioration in performance.