Rakuten: Q3 Marks A Profitability Inflection Point
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Rakuten achieved a positive quarterly operating profit for the first time in 17 quarters, marking a profitability inflection point. The company reported an operating income of JPY 537 million for Q3 2024, and a turnaround is expected with positive operating profit anticipated in 2025. The Buy rating for Rakuten is maintained.
November 15, 2024 | 8:00 am
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POSITIVE IMPACT
Rakuten achieved a positive quarterly operating profit for the first time in 17 quarters, with an operating income of JPY 537 million for Q3 2024. This marks a profitability inflection point, and a turnaround is expected with positive operating profit anticipated in 2025.
The news highlights Rakuten's first positive quarterly operating profit in 17 quarters, indicating a significant shift in its financial performance. This is a strong signal of a potential turnaround, which is likely to positively impact the stock price in the short term. The maintained Buy rating further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100