> ## Content Index > Fetch the complete content index at: https://www.fintechobserver.com/llms.txt > Use this file to discover other available public pages before exploring further. # LY Corporation reports second quarter results - URL: https://www.fintechobserver.com/ly-corporation-reports-second-quarter-results/ - Published: 2024-11-11T08:02:14.000Z - Updated: 2024-12-15T07:22:12.000Z - Description: LY Corporation reported strong FY2024 Q2 results on November 5, 2024, revising its full-year guidance for adjusted EBITDA and adjusted EPS… - Author: Norbert Gehrke - Tags: #Migrated-1734246964256, #Import 2024-12-15 07:16 LY Corporation reported strong FY2024 Q2 results on November 5, 2024, revising its full-year guidance for adjusted EBITDA and adjusted EPS upwards. Progress is being made on addressing group-wide issues, including achieving continued listing requirements for the Prime Market through share buyback/cancellation of treasury shares and implementing security measures. The company is focusing on enhancing LINE Official Account/LINE MINI App, increasing transaction value through LINE GIFT and LINE revamp, and accelerating the growth of the financial business through service linkage with PayPay. #### **FY2024 Q2 Business Results Summary** ![](https://storage.ghost.io/c/46/cb/46cbd57f-e0e8-41a4-a1e2-710103a4267b/content/images/2024/12/1-ik1_9x4a2eapefdsbyqjdw.png) - **Record Q2 Performance:** The company achieved its highest ever Q2 results for both revenue (JPY462.2 billion, +4.7% YoY) and adjusted EBITDA (JPY112.6 billion, +9.1% YoY). - **Guidance Revision:** Upward revision for consolidated business results guidance, including adjusted EBITDA and adjusted EPS. #### **Group-Wide Issues Progress** ![](https://storage.ghost.io/c/46/cb/46cbd57f-e0e8-41a4-a1e2-710103a4267b/content/images/2024/12/1-xytx7y0xnxpuc8-m-cviiq.png) - **Prime Market Listing:** The share buyback/cancellation of treasury shares is expected to fulfill the continued listing requirements for the Prime Market. - **Security Measures:** Security measures are being implemented as planned. #### **Product Reinforcement Measures** - **Enhanced Monetization:** Focus on enhancing LINE Official Account/LINE MINI App to support digital transformation and enrich customer experience, leading to improved monetization. - **Increased Transaction Value:** Initiatives to increase transaction value include leveraging LINE GIFT and LINE revamp. - **Financial Business Growth:** Accelerating growth of financial business through service linkage with PayPay. #### **Business Results — Media Business** ![](https://storage.ghost.io/c/46/cb/46cbd57f-e0e8-41a4-a1e2-710103a4267b/content/images/2024/12/1-8xlf8nc9sio2vsntfsmhzq.png) - **Performance Highlights:** Revenue and profit growth driven by account advertising, maintaining a high margin (over 30%). - **Revenue Drivers:** Growth in account advertising and slowdown in the decrease of search advertising revenue from partners’ websites. - **Profit Drivers:** Revenue growth and cost control measures. - **Account Advertising Growth:** Steady growth in the number of paid accounts. #### Business Results — **Commerce Business** ![](https://storage.ghost.io/c/46/cb/46cbd57f-e0e8-41a4-a1e2-710103a4267b/content/images/2024/12/1-fifq4niegvs4yweefdvzxg.png) - **Performance Highlights:** Revenue growth in shopping and travel businesses offset the impact from the deconsolidation of subsidiaries. - **Transaction Value Growth:** Travel business showed significant growth, while shopping business maintained positive growth despite the absence of last year’s demand from the hometown tax reform. - **Profit Drivers:** Revenue growth and continued cost discipline. #### Business Results — **Strategic Business** ![](https://storage.ghost.io/c/46/cb/46cbd57f-e0e8-41a4-a1e2-710103a4267b/content/images/2024/12/1--lpqzne1f_4yz82x32b_ig.png) - **Performance Highlights:** PayPay Consolidated drove revenue and profit growth. - **Revenue Drivers:** Growth across all businesses, including PayPay Consolidated, PayPay Bank, and other Fintech services. - **Profit Drivers:** Revenue growth contributed to profit increase despite increased point-reward expenses. - **PayPay Consolidated Overview:** Consolidated GMV exceeded +20% YoY growth, and profit increased significantly through profitability management and fixed cost reduction. #### **Post-Merger Review** - **Merger Purposes Achieved:** The company has steadily accomplished its merger purposes of “reinforcement of profitability” and “enhancement of product development capabilities.” - **Key Achievements:** Exceeding FY2023 adjusted EBITDA target, achieving profitability for Strategic Business and PayPay Consolidated, introduction of in-house companies, and numerous new services/features. #### **Future Initiatives** - **Official Account/MINI App:** Reinforce LINE MINI App to increase user touchpoints and monetization, leveraging LINE’s unique strength to improve profitability. - **LINE Commerce:** Aim for significant growth in annual transaction value of LINE GIFT and boost user engagement through the LINE revamp. - **PayPay Finance:** Further accelerate growth in the financial business through service linkage with PayPay, including PayPay Card and PayPay Bank services. --- Please follow us to read more about Finance & FinTech in Japan, like hundreds of readers do every day. 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