LINE Corporation Reports Un-Audited Consolidated and Separate Earnings Results for the Year Ended December 31, 2017; Provides Revenues Guidance for the First Quarter Ended March 31, 2018
For the year, the separate company reported revenues of ¥125,929 million compared to ¥107,032 million, profit from operating activities of ¥13,848 million compared to ¥8,661 million, profit from ordinary activities of ¥14,157 million compared to ¥9,806 million, profit of ¥7,733 million or ¥32.56 per diluted share compared to ¥2,525 million or ¥11.75 per diluted share for the last year. Revenues, profit from operating activities, profit from ordinary activities, and profit for the year ended December 31, 2017 increased significantly as a result of the significant growth in performance ads such as Timeline Ads and LINE News Ads provided through the LINE advertising platform, the performance-based advertising platform the company operate.
The Group's revenues for the first quarter of fiscal year 2018 (January 1, 2018 to March 31, 2018), driven by the steady growth of revenues from advertising services, are expected to be higher compared to the corresponding period of 2017. With respect to content distribution, the Group expects to continue to generate steady revenues, mainly because the group plans to appropriately update existing titles as well as the titles launched at the end of fiscal year 2017 and to implement marketing activities. At the same time, the group expects to continue to generate steady revenues in communication from activities such as the New Year's gift stickers' and other seasonal events.