LY Corp
4689: XTKS (JPN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥288.00 | Pwnpzl | Qfkynyzz |
LY Earnings: Focus on Improving Shareholder Return and Solid Fundamentals; Shares Attractive
LY Corp.’s revenue for the June quarter increased 7.6% year on year, driven by the strong growth in account advertising and PayPay, which were in line with our expectations. Meanwhile, adjusted EBITDA for the June quarter was JPY 122 billion (JPY 118 billion excluding the one-time gain), exceeding our expectations of JPY 109 billion due to the impressive cost control in the media and strategic segments. As a result, adjusted EBITDA margin jumped to 26.3% in the June quarter, up from 23.2% in the year-ago quarter, and 21.8% in the March quarter.