CyberAgent (4751) Q2 2026 earnings summary

Executive summary

• Achieved record-high sales and operating profit for Q2 FY2026, with net sales of 246.2 billion yen (up 13.3% YoY) and operating profit of 29.0 billion yen (up 39.3% YoY), driven by strong growth across Media & IP, Internet Advertisement, and Game segments.

• All three core businesses returned to growth, with the Game segment showing particularly strong revenue and profit increases due to successful anniversary events and global expansion.

• Media and IP business performed strongly, with ABEMA contributing to profits and celebrating its 10th anniversary.

• Advertising business rebounded after a major client loss, returning to sales and profit growth ahead of schedule.

• Multi-layered revenue streams and new IP initiatives are supporting robust performance and future growth.

Financial highlights

• Net sales: 246.2 billion yen (up 13.3% YoY); gross profit: 79.9 billion yen (up 21.4% YoY); operating income: 29.1 billion yen (up 39.3% YoY); net income attributable to owners: 14.9 billion yen (up 37.8% YoY).

• Operating margin improved to 11.8% from 9.6% YoY.

• Global game sales increased 3.5x year-over-year, driven by overseas expansion.

• 402 new employees added, with headcount trending as planned.

• Net cash position increased to 113.4 billion yen (up 8.2% YoY).

Outlook and guidance

• Full-year FY2026 forecast remains unchanged due to limited visibility into the second half; sales forecast at 880 billion yen, operating profit 50–60 billion yen, net income 25–30 billion yen.

• 1H progress rates: sales 54.4%, operating profit 104.9%, net income 109.3% of full-year guidance.

• Despite robust first-half results, full-year guidance anticipates a decline in operating and net income.

• Continued focus on strengthening business foundations and expanding original IP and global reach.

• No revisions to the previously published forecast.