Rakuten Group Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Rakuten Group (TSE:4755) Third Quarter 2024 Results

Key Financial Results

• Revenue: JP¥566.7b (up 9.3% from 3Q 2023).
• Net loss: JP¥74.4b (loss widened by 8.7% from 3Q 2023).
• JP¥34.60 loss per share (further deteriorated from JP¥32.00 loss in 3Q 2023).

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

Rakuten Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Multiline Retail industry in Japan.

Performance of the Japanese Multiline Retail industry.

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

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Rakuten Group's balance sheet and an in-depth analysis of the company's financial position.

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