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.