GungHo Online Entertainment Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

August 14, 2024

GungHo Online Entertainment (TSE:3765) Second Quarter 2024 Results

Key Financial Results

Revenue: JP¥27.9b (down 24% from 2Q 2023).
Net income: JP¥3.82b (down 24% from 2Q 2023).
Profit margin: 14% (in line with 2Q 2023).
EPS: JP¥66.60 (down from JP¥83.97 in 2Q 2023).

earnings-and-revenue-growth — TSE:3765 Earnings and Revenue Growth August 14th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

GungHo Online Entertainment EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 21%. Earnings per share (EPS) exceeded analyst estimates by 3.7%.

Looking ahead, revenue is expected to decline by 4.5% p.a. on average during the next 3 years, while revenues in the Entertainment industry in Japan are expected to grow by 7.5%.

Performance of the Japanese Entertainment industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - GungHo Online Entertainment has 1 warning sign we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.