CyberAgent (4751) Q1 2026 earnings summary

Executive summary

• Net sales rose 14.0% year-over-year to ¥232.3B, with operating profit up 2.8 times to ¥23.3B, marking record Q1 results and a robust start to FY2026.

• Media & IP and Game businesses drove growth, while Internet Advertisement Business declined due to a major client loss.

• AbemaTV achieved its first quarterly operating profit since establishment.

• Net income attributable to owners of parent rose 2.5 times year-over-year to ¥12.4B.

Financial highlights

• Gross profit increased 38.9% year-over-year to ¥74.97B.

• Operating margin improved to 10.1% from 4.1% a year ago.

• Ordinary income surged 174.9% to ¥24.2B.

• Net cash stood at ¥88.4B, up 0.8% year-over-year.

• Total assets at quarter-end were ¥524.7B, down from ¥557.2B at prior year-end.

Outlook and guidance

• Full-year net sales forecast is ¥880B, with operating profit guidance of ¥50–60B and net income forecast of ¥25–30B.

• Q1 progress rates: 26.4% of annual sales and 46.8% of lower-end operating profit target achieved.

• No revision to the previously published forecast.

• Advertising business is expected to return to growth from Q3 as client impact fades.