Surge In Bandai Namco's Q1 Sales: What's Driving The 24.8% Growth?
Portfolio Pulse from Franca Quarneti
Bandai Namco Hldgs ADR (OTC:NCBDY) reported a 24.8% increase in net sales and a 56.3% rise in profits for Q1 FY2024, driven by strong digital entertainment sales, particularly from the Elden Ring DLC. The company has updated its six-month forecast, anticipating higher net sales and profits.
August 08, 2024 | 7:42 pm
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Bandai Namco Hldgs ADR (OTC:NCBDY) reported a 24.8% increase in net sales and a 56.3% rise in profits for Q1 FY2024, driven by strong digital entertainment sales, particularly from the Elden Ring DLC. The company has updated its six-month forecast, anticipating higher net sales and profits.
The significant increase in net sales and profits, driven by the successful launch of the Elden Ring DLC, indicates strong financial health and growth potential for Bandai Namco. The updated six-month forecast with higher expectations further supports a positive outlook.
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