Q1 2025 LY Corp Earnings Call Transcript
Key Points
- Company-wide revenue grew 7.6% year-on-year, indicating strong performance.
- Consolidated adjusted EBITDA increased by 21.7% year-on-year, reflecting improved profitability.
- The company announced a JPY150 billion share buyback to maintain its prime market listing and improve EPS and ROE.
- PayPay consolidation and account advertising continue to be significant growth drivers.
- Product enhancements, including the renewal of the Yahoo! JAPAN app, are expected to drive top-line growth.
- Security-related measure costs of approximately JPY3 billion were recorded in Q1, impacting overall expenses.
- The number of LYP Premium memberships declined quarter-on-quarter due to the absence of promotional measures.
- Display advertising growth was only 0.9% year-on-year, indicating slower momentum in this segment.
- The company expects higher sales in the second half of the year, which may create pressure to meet targets.
- There are concerns about the impact of third-party cookie regulations on future advertising revenue.
We will now begin LY Corporation's financial results briefing for the first quarter of FY2024. Thank you very much for joining us today. This briefing, we'll use the financial results presentation materials posted on the company's website. Let us introduce attendees from the company, President and Representative Director, CEO, Takeshi Idezawa; Executive Corporate Officer, CFO, Ryosuke Sakaue; Executive Corporate Officer, Marketing Solution Company, CEO, Yuki Ikehata; Executive Corporate Officer, Commerce Company CEO, Hide Makoto.
In the beginning, Mr. Sakaue will take you through 2024 Q1 results, and after that, we will have a Q&A session. The overall session should end in 60 minutes. Live streaming of this session will be available on a later date. If there is any technical problem, either with audio or video and instruction will be appearing on the bottom of the screen to guide the audience to an alternative server.
Now let's begin. This is Sakaue from LY Corporation.
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