TOKYO, May 14 (Pulse News Wire) – GMO Media,inc. (6180.T) reported its first quarter revenue and operating profit were below expectations due to declines in ad unit prices.
Despite challenges, stock-based revenues continued to grow steadily. For the January-March period, the company's net income was 149 million yen, down from 243 million yen year-over-year. Operating profit stood at 200 million yen compared to 335 million yen last year. Total revenue reached 950 million yen, marking a decrease from 1,006 million yen in the same period last year. In the media sector, stock-based services such as beauty clinic digital solutions and educational service contracts increased significantly.
However, flow-based revenues, particularly from advertising games and coupon sales, declined due to external environmental changes, including lower ad unit prices. Regarding future strategies, GMO Media remains committed to transitioning from flow-based to stock-based businesses. The company plans to continue investing in growth initiatives while optimizing shareholder returns through share buybacks. The firm also expects to maintain stability despite short-term fluctuations in performance. GMO Media’s CEO, Teruyoshi Mori, stated, “We will focus on expanding our stock-based business models to ensure sustainable profitability.” The company anticipates further enhancements in online medical consultations and education platforms, aiming to capitalize on growing demand in these areas.
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