Rakuten wesentlich besser als Rocket

https://comm.rakuten.co.jp/news/2023/20230704.html  

https://global.rakuten.com/corp/news/press/2023/0810_03.html

 

“The Rakuten Group recorded its highest revenue ever for the second quarter of a fiscal year with consolidated revenue reaching 497.2 billion yen, up 9.7% year-on-year (YoY) in Q2 FY2023.”

https://www.marketscreener.com/quote/stock/...ts-Highlights-44573755/
 

The Rakuten Group recorded Non-GAAP operating losses of 39.4 billion yen in Q2 FY2023, a significant improvement of 41.0 billion yen YoY.Factors contributing to this marked improvement include reduced roaming costs due to the capital expenditure plan being revised in line with the new roaming agreement and the further development of Rakuten Mobile's own base station network, as well as reduced customer acquisition and network-related costs.

https://www.marketscreener.com/quote/stock/...ts-Highlights-44573755/  

Rakuten Group’s consolidated Non-GAAP EBITDA was also profitable, recording 33.6 billion yen, an improvement of 50.3 billion yen YoY. The Rakuten Group expects to be Non-GAAP EBITDA positive on a consolidated basis for FY2023.

https://global.rakuten.com/corp/news/press/2023/0810_03.html  

The FinTech segment achieved significant growth in both revenue and profit for Q2 FY2023, with revenue of 181.0 billion yen, up 13.3% YoY, and Non-GAAP operating income of 33.0 billion yen, up 31.2% YoY.

https://global.rakuten.com/corp/news/press/2023/0810_03.html  

Rakuten Mobile Provides Strongest Service for Businesses

AUGUST 10, 2023

by RNN

Japan's corporate mobile market is estimated to comprise of around 36 million phone lines*, and Rakuten Mobile is bidding to secure an increased proportion of this market thanks in part to its connections with almost 1 million client and partner companies**. Central to this push, its corporate plans have recently been updated to provide the strongest service at a lower cost. To find out more, we spoke to one of the businesses that has already signed up, as well as a member of the sales team behind the enhanced promotion.

*Market size calculated based on research of MIC and MMRI. IoT customers not included.
**Around 900,000 companies as of March 2023

https://global.rakuten.com/corp/innovation/rnn/2023/2308_004/  

Record Q2 revenue, double-digit growth for Ad business, Fintech segment and Rakuten Mobile: Q2 FY2023 results

19 hours ago

Revenue for Rakuten’s Internet Services segment, which includes e-commerce marketplace Rakuten Ichiba, Rakuten Travel, Rakuten Advertising, Rakuten Rewards and more, reached 294.7 billion yen, up 11.7% year-on-year in the second quarter of 2023. Domestic e-commerce revenue was 216.7 billion yen, representing double-digit growth of 13.5% YoY, and domestic e-commerce gross merchandise sales (GMS)* reached approximately 1.5 trillion yen for the quarter.

The total number of Rakuten TV users and registered Rakuten Viki users reached 77.7 million, up 42.1% YoY, and 74.6 million, up 25.2% YoY, respectively, reflecting steady growth in Rakuten’s overseas businesses.

“WE ARE COMMITTED TO PUSHING THE FRONTIERS OF AI TECHNOLOGY TO ESTABLISH MUTUALLY BENEFICIAL ECONOMIC CAPABILITIES, THEREBY ADVANCING THE FOREFRONT OF AI TECH AND DELIVERING VALUE TO OUR BUSINESSES, MERCHANTS AND PARTNERS.”

TING CAI, CHIEF DATA OFFICER, RAKUTEN GROUP

Consumer spending drives Rakuten Fintech revenue growth and profits

Rakuten Group’s Fintech segment reported significant growth in both revenue and profit for the quarter, with revenue of 181.0 billion yen, up 13.3% YoY, and Non-GAAP operating income of 33.0 billion yen, an increase of 31.2% YoY.

The number of credit cards issued by Rakuten Card reached 29.24 million as of the end of June 2023, up 9.5% YoY. Shoppers are spending more with Rakuten Card, as gross transaction value (GTV) for the quarter grew to 5.2 trillion yen, up 16.3% YoY, and its GTV market share reached 23.6% as of May 2023.

Rakuten Securities reached a new milestone, recording 9.24 million customer accounts as of the end of June 2023, an increase of 14.8% YoY. Rakuten Securities Holdings applied for listing on the Tokyo Stock Exchange Prime Market on July 4, 2023. In addition, the number of Rakuten Bank customer accounts (non-consolidated) totaled 14.05 million as of the end of June 2023, up 10.8% YoY as customers continue to apply for accounts.

Rakuten Payment revenue jumped to 17.0 billion yen for the quarter, an impressive increase of 47.1% YoY. Growing user numbers for Rakuten Pay and Rakuten Edy and an expanding merchant partner network contributed to the significant increase in sales.

Rakuten Mobile as an individual business noted double-digit revenue growth of 13.3% YoY for the quarter, taking in 52.2 billion yen. Operating losses continued to contract from their peak in the first quarter of 2022, the result of rising ARPU (average revenue per user) due to increased subscriber numbers and data usage following the launch of the Rakuten SAIKYO Plan in June of this year and revised marketing initiatives. MNO ARPU (individual and business) increased to 2,010 yen in the quarter compared to 1,274 yen in the same quarter of 2022.

“RAKUTEN SYMPHONY IS CURRENTLY THE GREATEST PROVIDER OF OPEN RAN SOLUTIONS, AND IT IS OUR INTENTION TO SCALE OUR GLOBAL OPEN RAN FOOTPRINT BY STRATEGICALLY TARGETING BROWNFIELD NETWORKS.”

SHARAD SRIWASTAWA, RAKUTEN MOBILE CO-CEO AND RAKUTEN SYMPHONY ACTING PRESIDENT

Rakuten Symphony recorded revenue of approximately $72 million for the quarter. The company delivered RAN features to satisfy more than 1,000 customer requirements, expanded the user base for its Site Management Suite in the U.S. to more than 3,000 active users, and is nearing finalization of key contracts with resellers in Japan and South Korea for Rakuten Drive. Rakuten Symphony’s Cloud business secured deals with a leading digital media company and a private 5G channel partner.

On Rakuten Symphony’s current developments and outlook, Rakuten Mobile Co-CEO and Rakuten Symphony Acting President Sharad Sriwastawa stated, “Rakuten Symphony is currently the greatest provider of Open RAN solutions, and it is our intention to scale our global Open RAN footprint by strategically targeting brownfield networks.”

Additional deliveries from projects are expected to be reflected in earnings in the second half of this year.

https://rakuten.today/blog/q2-fy2023-results.html  

Rakuten could sell its ownership of Cabify for after my estimates between $600 million and $750 million

NEW YORK, Aug. 7, 2023 /PRNewswire/ -- The global ride-sharing market size is projected to progress at a CAGR of 17.45% between 2022 and 2027, the size of the market is forecast to increase by USD 86.33 billion during the forecast period. The increasing traffic congestion drives the ride-sharing market growth. Factors such as the rapidly growing population, increasing GDP per capita, a surge in the working women population, and exponential growth in urbanization drives the growth of the market. Sharing a ride offers a hassle-free, eco-friendly, cost-effective, and healthy mode of transport. Thus, it is considered an ideal solution for the growing issue of traffic congestion on roads, which encourages several people to opt for such sharing services in the coming years. Hence, such factors boost the growth of the ride-sharing market during the forecast period.

https://www.benzinga.com/pressreleases/23/08/...sing-traffic-congesti  

Swing of the Operating Cash Flow from Non-Financial Businesses

Operating Cash Flow from Non-Financial Businesses was negative 133.3 JPY bn in Q1/2023, but only negative 60.0 JPY bn in Q2/2023 – a change of 73.3 JPY. If this pace of change continue – and I am sure – we will see in Q3/2023 a positive Operating Cash Flow from Non-Financial Businesses.

https://global.rakuten.com/corp/investors/documents/results/  

https://global.rakuten.com/corp/news/press/2023/0810_01.html

 

9.311

10.867

11.723

12.981

14.134

14.845

17.214

20.053

23.841

28.261

32.079

https://global.rakuten.com/corp/investors/  

https://seekingalpha.com/article/...-q1-2023-earnings-call-transcript  

Interessant ist insbesondere der Frage-Antwort-Teil.

Dort kann man z.B. problemlos erkennen, dass aus dem Bloomberg-Bereich versucht wird (aus welchen Gründen auch immer, die Ihr aber sicher nachvollziehen könnt), Rakuten grundlos  und meines Erachtens an der Grenze zum Kriminellen zu diffamieren.  

Ich kann die Gründe nicht nachvollziehen, bin noch dabei, mich mit Rakuten vertraut zu machen. Kannst du kurz helfen?

Danke!  

Rakuten Mobile/Symphony sind die intensivsten Verfechter von Open RAN, einem neuen Mobilfunkstandard, der die bisher getätigten Investitionen der großen Telecoms entwerten könnten. Und diese Telecoms und noch mehr ihre Kreditgeber sind vorzügliche Kunden von Bloomberg.

Dazu gibt es hunderte von Postings in den vorgehengen 10565 Postings dieses Threads. Du musst da einfach nur zurücklesen, denn grundsätzlich sollte man nur in das investieren, was man gut kennt.  

Repayment of debts with self cash flow expanding

“The Rakuten Mobile profitability recovers and the Rakuten Group’s profitability structure improvement started at a rapid pace and including this, so the repayment with self cash flow to be expanded.”

https://seekingalpha.com/article/...-q1-2023-earnings-call-transcript  

Rakuten Mobile CTO Sharad Sriwastawa is Rakuten Symphony's new Representative Director and Acting President

“The appointment of Sharad Sriwastawa is emblematic of Rakuten Symphony’s mission to reimagine telecom,” Mikitani said. “With his proven track record at Rakuten Mobile, deep understanding of global technology trends and the evolving commercial opportunities for companies in the telco sphere, we are pleased to expand Sharad's role as a visionary leader who will guide the company’s expansion, capitalise on our business momentum, and solidify its future as an industry-disrupting enterprise.”
An industry leader in telecommunications innovation, Sriwastawa joined Rakuten Mobile in September 2018. He started by serving as Head of RAN and SVP - Connectivity Platforms  before taking the role of CTO in March 2022. He was also appointed Group Managing Executive Officer of Rakuten Group the following month. Rakuten Mobile says his stewardship is central to the development and operations of its fully virtualised, cloud-native mobile network based on Open RAN architecture.

Sriwastawa’s career spans more than three decades and has taken him across continents. He began at Siemens Public Communications Network in 1995 as Senior Engineer and has since been a Principal Engineer at Telstra, Vice President of Airspan Networks Holdings, National Head of 3G at Reliance Communications, and Northeast Regional Manager for T-Mobile USA.

https://mobile-magazine.com/articles/...ship-team-following-reshuffle
 

Aiming to improve consolidated EBITDA profitability of Rakuten throughout FY2023

Continued Improvement of Rakuten Group Consolidated EBITDA (JPY bn)

Q1/22: -35.4
Q2/22: -14.1
Q3/22: -9.5
Q4/22: +5.0
Q1/23: +7.4
Q2/22: +33.6

EBITDA to improve in FY2023 after becoming profitable in Q4/22. Aiming to improve consolidated EBITDA profitability throughout FY2023.

https://global.rakuten.com/corp/investors/  
 

Das ist ein Change von ca. 70 JPY billion oder ca. fast ein halber Milliarde Dollar, und zwar pro Quartal.  

Rakuten Symphony & Intel: Building the next generation mobile network

Aug 08 2023

Raghunath Hariharan, CTO at Rakuten Symphony and Udayan Mukherjee, Senior Fellow at Intel

About this talk

Rakuten Symphony and Intel have spent the past four years redefining how the next generation of telco networks will be built, starting with Rakuten Mobile, the first nationwide cloud-native and open mobile network. Now, leveraging the 4th Gen Intel Xeon Scalable processors with Intel vRAN Boost, the companies are continuing to innovate new solutions which simplify operations and reduce costs for today's telco operator. Listen into this session to hear from Rakuten Symphony and Intel executives describe how their partnership has driven new levels of disruption in the industry. Moderator: Jason King, Senior Director of Partner Marketing at Rakuten Symphony Presenters: Raghunath Hariharan, CTO at Rakuten Symphony Udayan Mukherjee, Senior Fellow and the Chief Architect of Wireless Product at Intel Network and Edge Group.

https://www.brighttalk.com/webcast/12229/...&utm_content=upcoming

 

Rakuten consolidate its payments and points businesses into Rakuten Card

Last week, Rakuten also announced plans to consolidate its payments and points businesses and fold them into Rakuten Card, its credit card and loans unit. It left open the possibility of listing the business in the future.

https://www.channelnewsasia.com/business/...ile-losses-narrow-3697186
 

By Syndicated Content Aug 13, 2023

https://wsau.com/2023/08/13/...n-shares-jump-as-mobile-losses-narrow/  

Despite the flattening, Pongratz said he is keeping his full-year prediction that open RAN equipment will account for between 6% and 10% of the total RAN market by the end of 2023.

“It is worth keeping in mind that our current 2023 revenue outlook for open RAN is roughly two-times larger than the original open RAN 2023 projections we outlined back with our first open RAN forecast published in 2020,” Pongratz added. “So there is no doubt that open RAN is, from our perspective, accelerating at a much faster pace than initially expected, even with the slower [year-over-year] growth rates in [the first quarter].”

https://www.sdxcentral.com/articles/analysis/...ran-adoption/2023/06/




 

We will be sufficiently able to respond to this requirement of redemption after this year. What we are planning, Rakuten Security holding IPO. And also we have the monetization of investment asset and others inclusive, overall. We have been considering, but we will be able to procure enough, of course, cash in order to reduce the funding that is required to fulfill the redemption. And also the mobile business itself, there is an improvement in terms of profit and loss. Free cash flow is going to increase. And on top of that, so funding, we will be able to self fund our self. So, after 2025, we will be able generate free cash. And then that also will contribute to the reduction of the impact. On the other hand, the certain level of refinance is something that we will need to consider. And these of course revamping the financial status. We would like to have a smooth refinancing.

https://seekingalpha.com/article/...-q1-2023-earnings-call-transcript