Streetbeat News

RKUNY

Rakuten Group Inc.

https://corp.rakuten.co.jp/

CEO

Hiroshi Mikitani

Industry

Electronic Shopping

Open

6.60

Mkt cap

14B

Volume

427

High

6.60

P/E Ratio

-7.35

52-wk high

7.27

Low

6.29

Div yield

N/A

52-wk low

4.13

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.

Portfolio Pulse from

November 15, 2024 | 8:00 am

Mizuho Financial Group is acquiring a 15% stake in Rakuten Card, a subsidiary of Rakuten Group, for $1.06 billion. This move strengthens the strategic alliance between the two companies.

Portfolio Pulse from

November 13, 2024 | 7:00 am

Rakuten Group (OTC:RKUNY) has signed a memorandum of understanding with OpenAI to explore joint business opportunities. The partnership will focus on integrating OpenAI applications into Rakuten's offerings, including the popular artificial general intelligence (AGI) app chatGPT, APIs of GPT-4 and other AGI models, a speech-to-text transcription service called Whisper, and an AI-based image generation service called Dall.E-2.

Portfolio Pulse from Benzinga Neuro

August 04, 2023 | 10:41 am

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