Stream Media first-quarter net profit rises sharply
Updated
Updated · MarketWatch · May 1
Stream Media first-quarter net profit rises sharply
4 articles · Updated · MarketWatch · May 1
The Japanese company posted net profit of Y262 million for the quarter ended 31 March, up from Y41 million, as revenue increased to Y3.20 billion from Y2.18 billion.
Operating profit rose to Y235 million from Y42 million, while pretax profit increased to Y268 million from Y47 million.
Earnings per share climbed to Y2.27 from Y0.36, with the results prepared under Japanese accounting standards.
Can Stream Media Corp. maintain its profit surge as Japan's streaming market matures and competition intensifies from global giants like Netflix and Roku?
How will the rise of ad-supported streaming and local content demand reshape strategies for Japanese and international platforms in the next few years?