New Street Research - Line Yahoo Corporation (TYO: 4689) LY Corp (Buy, TP: ¥585, +38%) Q2 FY24 Quick Take: Upgraded profitability guidance led by Media and PayPay

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New Street Research

Chris Hoare

EUR 9547.00 For Business Accounts Only

LY Corp (Buy, TP: ¥585, +38%) Q2 FY24 Quick Take: Upgraded profitability guidance led by Media and PayPay

Q2 numbers reflected improving profitability at PayPay and sustained growth in Media’s Account Ad revenue. Across the board, EBITDA margins were better YoY including Commerce.

05/11/2024 1 EN

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Line Yahoo Corporation

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
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Chris Hoare

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LY Corp (Buy, TP: ¥585, +38%) Q2 FY24 Quick Take: Upgraded profitability guidance led by Media and PayPay

Japanese Telcos Q1 FY24 review: Softbank outperforming

LY Corp (Buy, TP: ¥585, +66%) Q1 FY24 Quick Take: Another EBITDA beat; ¥150bn share repurchase announced; great numbers from PayPay again

SATS: DBS merger breaks

3Q24 Broadband Trends: FWA capacity limits; FWA demand limits

Gen AI Big Idea Series - Chipletz CEO Bryan Black - Smart Substrate & the Multi-Chip-Module revolution

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