COVER 1Q FY2024 Financial Results Operating Income and Net Income More Than Doubled YoY

COVER 1Q FY2024 Financial Results Operating Income and Net Income More Than Doubled YoY

COVER Corporation (operating: VTuber agency hololive Production, etc.) Announced Financial Results for the First Quarter (April-June) of the Fiscal Year Ending March, 2024, on August 8, 2023 (PST).

COVER 1Q FY2024 Financial Results Operating Income and Net Income More Than Doubled YoY
Image Credit: Press Release
© 2016 COVER Corp.

Net sales were 5,142 million yen, up 42.8% year-on-year; gross profit was 2,634 million yen, up 73.9%; operating income was 895 million yen, up 147.5%; and net income was 621 million yen, up 129.3%.

Annual revenue per enrolled VTuber talent was 293 million yen, and “Merchandising” increased to 40.7% of total revenue by service.

For the fiscal year ending March 2024, the company forecasts net sales of 26,562 million yen, operating income of 4,650 million yen, ordinary income of 4,623 million yen, and net income of 3,236 million yen.

IR

COVER Corporation

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