Corrected: Rakuten logs $213 million quarterly loss as mobile losses negate fintech growth

Rakuten

14/05/2024 07:36

(Corrects headline to $213 million loss, not billion)
       TOKYO, May 14 (Reuters) - Japan's Rakuten Group  4755.T 
on Tuesday logged an operating loss of 33.3 billion yen ($213
million) in the January-March quarter, its 15th straight quarter
in the red as losses in its mobile unit weighed on robust growth
in its fintech business.
    The operating loss marks a strong improvement compared to a
year earlier when the e-commerce and fintech group posted a loss
of 76.2 billion yen.

    ($1 = 156.4800 yen)

 (Reporting by Anton Bridge; Editing by Tom Hogue)
 ((Anton.Bridge@thomsonreuters.com;))