Rakuten Reports Improved Mid-Year Financials

Rakuten (JP:4755) has released an update.

Rakuten Group, Inc. reports an improvement in their six-month financial results ending June 30, 2024, with revenue up 8% to 1,050,908 million Yen and a smaller net loss compared to the previous year. The company’s EBITDA surged by 221.9% to 119,557 million Yen, indicating a stronger cash flow generation ability. Despite the positive operational outcomes, the dividend per share for the fiscal year 2024 has yet to be decided.

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