CyberAgent,Inc.
4751・Prime Market・Services
Media & IP Business
A media conglomerate segment centered on ABEMA, layering video, public sports betting, and IP businesses
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales (External Customers, H1 FY2026 ending September 2026) | ¥115,556 million | ¥105,427 million (H1 FY2025 ending September 2025) | ↑ |
| Net Sales (Including Intersegment, Total, H1 FY2026 ending September 2026) | ¥124,812 million | ¥112,721 million (H1 FY2025 ending September 2025) | ↑ |
| Operating Income (H1 FY2026 ending September 2026) | ¥10,396 million | ¥4,729 million (H1 FY2025 ending September 2025) | ↑ |
| Net Sales (Full Year FY2025 ended September 2025) | ¥231,543 million | － | ↑ |
| Operating Income (Full Year FY2025 ended September 2025) | ¥7,291 million | － | ↑ |
| Net Sales (Q1 FY2026 ending September 2026) | ¥62,617 million | － | ↑ |
| Operating Income (Q1 FY2026 ending September 2026) | ¥4,900 million | － | ↑ |
Business Details
This segment comprises ABEMA (internet television), WINTICKET (public sports betting internet wagering), the Anime & IP Business Division, Cypic, Inc., and others, forming a structure in which multiple services contribute to revenue in a layered manner. Profitability has improved significantly against the backdrop of AbemaTV, Inc.'s sustained profitability. The segment is capturing the rapid growth of the IP business centered on a media-mix strategy both domestically and internationally, and is promoting the strengthening of IP businesses with high affinity to ABEMA.
Recent Overview
H1 net sales up 10.7%, operating income up 119.8%, driven by AbemaTV's sustained profitability
In H1 FY2026 (ending September 2026) (October 2025 to March 2026), the Media & IP Business achieved net sales (including intersegment, total) of ¥124,812 million (up 10.7% year on year) and operating income of ¥10,396 million (up 119.8% year on year), marking a significant increase in profit. The primary driver was the sustained profitability of AbemaTV, Inc., with the layered revenue-building structure of multiple services including ABEMA, WINTICKET, and Anime & IP functioning effectively. The segment overall performed well, contributing to the record-high consolidated results for a six-month interim period.
Key Products
Growth Drivers
- Significant improvement in profitability driven by AbemaTV, Inc.'s sustained profitability (achieved full-year profitability in FY2025 ended September 2025, continuing in H1 FY2026 ending September 2026)
- A layered revenue-building structure from multiple services including ABEMA, WINTICKET, Anime & IP, and Cypic, Inc.
- Rapid growth of the IP business centered on a media-mix strategy both domestically and internationally
- Development of new revenue sources through strengthening IP businesses with high affinity to ABEMA
- Expansion of ABEMA's viewer base against the backdrop of the growing internet video streaming market
Risks
- Pressure of increasing costs from continued content investment (maintaining an aggressive content investment policy)
- Impairment loss risk: an impairment loss of ¥301 million was recorded in the Media & IP segment in FY2025 (ended September 2025)
- Goodwill amortization burden: unamortized balance of ¥13,803 million (as of the end of H1 FY2026 ending September 2026)
- Intensifying competition in the internet video streaming market and rising viewer acquisition costs
- Risk of impact on WINTICKET from changes in public sports regulations, etc.
Last updated: April 15, 2026