CyberAgent has released its financials for its full year FY17 for the 12 months ending September 30th 2017.
The company posted revenues of $3.28 billion for the year, up 19.5% year-on-year. Profits continued to fall, however, dropping 70.4% year-on-year to $35.5 million.
Breaking this down further, its games business generated net sales of $1.24 billion for the year, up 14.4% year-on-year. Operating income dropped by 13% to $233.7 million for the year.
Girls on tour
Continued strong performances from games such as Granblue Fantasy, Shadowverse, and The iDOLM@STER Cinderella Girls Starlight Stage contributed heavily to revenues. New game BanG Dream! Girls Band Party! has also proven to be a hit for the company.
However, advertising budgets for these top performing games also increased. This is CyberAgent's explanation for why game profits have fallen year-on-year.
Looking ahead, the company has 10 new titles in the pipeline, including Sengoku Asura, Princess Connect! Re:Dive, and Lost Order, with the latter two developed by Shadowverse dev Cygames. It will also look to strengthen its current games, and work with third-party IP.
It is also investing in new fields to bolster its business. CyberAgent's eSports streaming platform OPENREC.tv has grown to 1.6 million MAUs since launching in September 2015, and the firm has recently established a virtual currency exchange called CyberAgent Bitcoin.