RKUNF - Rakuten Group Inc. (RKUNY) Q1 2024 Earnings Call Transcript
2024-05-16 20:54:08 ET
Rakuten Group, Inc. (RKUNY)
Q1 2024 Results Conference Call
May 14, 2024 02:15 AM ET
Company Participants
Hiroshi Mikitani - Chairman, President & Chief Executive Officer
Kenji Hirose - Chief Financial Officer
Ting Cai - Group Senior Managing Executive Officer, Chief Data Officer, Group Senior Managing Executive
Conference Call Participants
Oliver Matthew - CLSA Securities
Neale Anderson - HSBC Securities
Presentation
Operator
Thank you very much for joining us today. I would like to offer Rakuten's Group Inc. FY 2024 First Quarter Consolidated Financial Results. So already on the 15:00 hours, we have disclosed the earning call summary. Rakuten Group, Inc. corporate website, please refer to them from the Investors Information page.
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So, without further ado, I'd like to invite Mr. Mikitani for his presentation.
Hiroshi Mikitani
Hello, everyone. And most of you, I presume, are attending third video of 2024 the first quarter consolidated financial results like to start this presentation. So first of all, the large theme that I would like to deliver to you today in terms of our future, of course, strategic project, Rakuten Mobile, which you have engaged on. And this in terms of EBITDA on a single month turning us black, we are now making a very smooth progress with the profitability. And in fact, Rakuten Mobile, the single, of course, unit in terms of EBITDA, for instance, the acquisition of new customers, the cost, it could be that ecosystem.
There is a major contribution made to our ecosystem. And based upon all these and embracing this EBITDA already on an EBITDA basis, we are around the corner in making the business profitable.
On top of that, today, I would like to bring to you the overall highlight and segment by segment results and at the same time, financial status quo and a future outlook and a strategy. And of course, in terms of AI and artificial intelligence, how we harness these new technologies, what I'd like to bring to you....
Rakuten Group, Inc. (RKUNY) Q1 2024 Earnings Call Transcript