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CyberAgent sales grow to $1.62 billion but profits fall sharply in H1 FY17

Profits are way, way down
CyberAgent sales grow to $1.62 billion but profits fall sharply in H1 FY17
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CyberAgent has released its financials for the first half of its FY17 for the six months ending March 31st 2017.

It posted sales of $1.62 billion for the period, up 21% year-on-year. Profits fell sharply however to $23.6 million, down 76.7% year-on-year.

Its Games Business performed well, posting sales of $634.5 for the first half of its FY17, up 22.8% year-on-year. Operating income suffered slightly, dropping to $129.3 million, a decrease of 8.9% year-on-year.

A BanG up job

CyberAgent didn't go into much detail with its games section, stating simply that it had released one "new hit" while its existing titles "remained strong" in their performance.

It's unclear what this new hit is, but it is presumably BanG Dream! Girls Band Party!. The game is currently a top 30 grossing game on Android in Japan and hasn't dropped out of this rank since launching in March 2017.

CyberAgent isn't particularly well-known outside of Japan, but its subsidiary Cygames is. The developer most recently launched its first North American eSports tournament for its CCG Shadowverse with a $10,000 prize for the winner.