Tokyo, Japan – Rakuten Group, Inc. held its Q3 2024 Earnings Conference Call on November 13, 2024. The conference call featured key executives including Chairman, President, and CEO Hiroshi Mikitani, CFO Kenji Hirose, and Group Senior Managing Executive Ting Cai.

During the call, Mikitani opened the presentation by discussing Rakuten’s third quarter financial results and the company’s overall group strategy. He highlighted the growth in total mobile subscribers to 8.12 million lines and noted the positive impact of capital investment in MNO, resulting in a quarterly profit. The company also saw increases in non-GAAP operating income and IFRS operating income, demonstrating progress towards self-funding.

In addition to reviewing the current status of the company, Mikitani touched on future strategy, particularly focusing on Rakuten Mobile. The presentation included details on segment-based results and insights from CFO Kenji Hirose and Chief AI Officer Ting Cai.

Overall, Rakuten Group’s diverse range of businesses contributed to its financial performance during the third quarter. The company’s strategic investments appear to be paying off, with steady growth in mobile subscribers and improved profitability in key areas. The conference call provided investors with a comprehensive overview of Rakuten’s performance and future outlook.