Rakuten's losses shrink in Q4 on robust e-commerce and fintech arms

Rakuten

14/02/2024 06:36

TOKYO, Feb 14 (Reuters) - Japan's Rakuten Group  4755.T 
on Thursday posted an operating loss of 33.3 billion yen
($221.25 million) in the October-December quarter, its
fourteenth consecutive quarter in the red, as strong gains in
its e-commerce and fintech arms failed to make up for its
moey-losing mobile arm.
    The result compares to an average estimate of 28 billion yen
operating loss among eight analysts polled by LSEG.
        Results for this quarter improved on an operating loss
of 54 bilion yen in the previous quarter.
  

    ($1 = 150.5100 yen)

 (Reporting by Anton Bridge
Editing by Shri Navaratnam)
 ((Anton.Bridge@thomsonreuters.com;))