Rakuten Bank, Ltd. reported consolidated financial results for the nine months ending December 31, 2024, showing significant growth with a 30.3% increase in ordinary income and a 40.4% rise in ordinary profit compared to the previous year. This performance highlights the bank’s strong position in the industry and its successful strategies, which may positively impact its stakeholders and market presence.
Libuda
: International: $93.4 million income improvement
Rakuten International with USD 93.4 million income improvement
The Rakuten International business unit achieved revenue of USD 2,037 million, up 8.5% YoY, driven by strong earnings from Rakuten Kobo and Rakuten Viber. Non-GAAP operating income reached USD 48.5 million, an improvement of USD 93.4 million YoY, achieving full-year profitability through successful cost reductions and profitability improvements across Rakuten Rewards and portfolio businesses.
Libuda
: PodToo Announces Partnership with Kobo Books
PodToo Announces Partnership with Kobo Books to Supply Audiobooks and Introduces SecureRSS Technology
December 16, 2024
PodToo, the leader in audio distribution innovation, is excited to announce a strategic partnership with Kobo Books, a globally recognised platform for digital reading. This partnership enables PodToo’s audiobook publishers to offer their audiobooks directly to Kobo Books, providing creators with new opportunities to reach audiences worldwide.
PodToo ensures that publishers and authors who distribute via PodToo’s audiobook platform will have access to publish on Kobo Books, making their work accessible to Kobo’s extensive and loyal user base. This collaboration underscores PodToo’s commitment to supporting creators by expanding their reach and providing new revenue opportunities.
Libuda
: Bullish outlook on the company's growth prospects
Rakuten (4755) Earnings: Surpassing 4Q Estimates with Strong Operating Income and Sales Growth February 14, 2025
Analyzing the analyst coverage of Rakuten on Smartkarma reveals a positive sentiment towards the company’s recent strategic moves. Travis Lundy‘s report highlights Rakuten‘s new Shareholder Benefit Plan, offering a free mobile plan to shareholders as a way to boost stock prices and increase mobile subscribers for 2025. Leonard Law, CFA, in the Morning Views publication, also mentions Rakuten as a high yield issuer, indicating positive developments within the company. Furthermore, Michael Causton‘s analysis focuses on Rakuten Mart, an upcoming online supermarket launch that is set to compete with major players like Amazon and Aeon, showcasing Rakuten‘s resilience in the e-commerce space despite criticism of its mobile business.
The collective analyst coverage on Rakuten from Smartkarma providers like Travis Lundy, Leonard Law, CFA, and Michael Causton underscores a bullish outlook on the company’s growth prospects and innovative business strategies. Despite challenges in expanding globally, Rakuten‘s core e-commerce operations and upcoming ventures like Rakuten Mart are positioned to strengthen its market presence and competitiveness against key industry players. Additionally, insights from Business Breakdowns highlight Rakuten‘s unique loyalty point system and diverse service offerings, illustrating its significant presence in Japan’s digital economy landscape.
U.S. Loyalty Programs Market Growth Report 2025: Rakuten and Fetch Rewards have Disrupted Traditional Models by Offering Cashback or Gamified Points Systems, through App-based Loyalty Programs
February 14, 2025
Rakuten and Fetch Rewards have disrupted traditional models by offering cashback or gamified points systems, particularly through app-based loyalty programs.
Libuda
: Powerful contribution of Mobile to the ecosystem
Powerful contribution of Mobile to the ecosystem
The contribution of mobile services to other services is also steadily growing. For example, in Rakuten Ichiba, customers who subscribe to Rakuten Mobile increase their purchase amounts by nearly 50%. In Rakuten Travel, usage increases by about 15%, and in Rakuten Card, spending increases by nearly 30%. Rakuten Mobile is making a significant contribution.
Additionally, Rakuten Mobile subscribers are increasingly using other Rakuten Group services. Comparing those who subscribe to Rakuten Mobile with those who do not, Rakuten Mobile subscribers use an average of 3.17 new services, which is 2.43 additional services compared with non-subscribers. This demonstrates the powerful contribution of Rakuten Mobile to the ecosystem.