DeNA Co. (2432) Q3 2025 earnings summary

Executive summary

• Q3 FY2024 revenue reached JPY 46.5 billion, up 28% sequentially and 60% year-over-year, with non-GAAP operating profit at JPY 15.5 billion, a 290% increase year-over-year.

• All major business segments contributed to improved profitability, with the game segment driven by the launch of Pokémon Trading Card Game Pocket and sports business by record attendance and championships.

• Live streaming business achieved profitability in Q3 after cost reviews and user engagement focus.

• Healthcare and medical businesses are building momentum, with notable expansion in digital medical solutions.

• Cost of sales and SG&A expenses both declined year-over-year, supporting improved profitability.

Financial highlights

• Q3 FY2024 revenue: JPY 46.5 billion (+28% QoQ, +60% YoY); Apr–Dec revenue: JPY 116.7 billion (+12.1% YoY).

• Q3 FY2024 operating profit (IFRS and non-GAAP): JPY 15.5 billion (333% QoQ, 290% YoY); profit attributable to owners: JPY 12.8 billion.

• Game segment Q3 revenue: JPY 28 billion, segment profit: JPY 18.6 billion (+147% QoQ, +120% YoY).

• Virtual currency consumption in games reached JPY 94.6 billion in Q3.

• Total assets grew to JPY 354.0 billion, equity attributable to owners rose to JPY 229.3 billion, and cash and equivalents at period end were JPY 73.7 billion.

Outlook and guidance

• Full-year revenue and non-GAAP operating profit are expected to increase year-over-year, but no consolidated financial results forecast is provided due to estimation difficulties.

• Game business anticipates significant year-on-year growth in revenue and profit, though no new titles are planned for Q4.

• Live streaming revenue is expected to decrease year-over-year, but profitability initiatives continue.

• Other businesses aim for year-over-year increases in revenue and profit while investing for growth.