Mixi ( (MIXIF) ) has released its Q3 earnings. Here is a breakdown of the information Mixi presented to its investors.
Mixi, Inc. is a Tokyo Stock Exchange-listed company known for its diverse operations in the digital entertainment, sports, and lifestyle sectors, with a significant presence in mobile gaming.
In its latest earnings report for the nine months ending December 31, 2024, Mixi reported a steady increase in financial performance, marked by significant growth in key metrics compared to the previous year.
The company achieved net sales of ¥110,352 million, a 4.9% increase year-over-year, and a substantial rise in EBITDA to ¥20,643 million, up by 50.9%. Operating income also saw a notable jump of 62.6% to ¥17,030 million, while ordinary income doubled to ¥16,735 million. Profit attributable to owners of the parent surged by 123.1% to ¥10,416 million, reflecting a robust performance across its business segments.
Despite a challenging market environment, Mixi’s strategic focus on expanding its digital entertainment and investment businesses contributed to its improved profitability. The company has also successfully managed its expenses, as highlighted by a decrease in selling, general, and administrative expenses, which bolstered its operating income.
Looking forward, Mixi expects to maintain its growth trajectory, with full-year forecasts projecting continued increases in sales and profits. The company remains optimistic about its strategic initiatives and market positioning to drive further shareholder value.