TOKYO - Japan's Rakuten Group 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 is an improvement compared to a year earlier when the e-commerce and fintech group posted a loss of 76.2 billion yen, though it narrowly undershot an average 32 billion yen loss expected by six analysts polled by LSEG.
- Reuters
Created by Tan KW | Jul 28, 2024
Created by Tan KW | Jul 28, 2024
Created by Tan KW | Jul 28, 2024
Created by Tan KW | Jul 27, 2024