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Konami revenue up 12% YoY, Konami Stock rallies 10% after earnings

Konami released its financial results for their latest quarter today. The Japanese gaming Company is reporting a 12% increase in revenue year-on-year to reach ¥215 billion ($1.8 billion).

Operating profit was also on the rise, with a 48.8% growth to ¥60.3 billion ($525 million).

Konami’s digital entertainment segment (which includes games) performed well, with a 6.4% increase in revenue compared to the same period the previous year, reaching ¥154 billion ($1.3 billion).

Operating profit for the segment increased 9% as well, to ¥55.5 billion ($483 million).

Konami Stock price after the earnings announcement

In the console and PC space, the report noted the good performances of Tokimeki Memorial Girl’s Side 4th Heart and Power Pro Kun Pocket R on Switch, with 2020’s Momotaro Dentetsu: Showa, Heisei, Reiwa mo Teiban continuing to deliver strong sales as well thanks to the release of a free update.

On mobile, the highlights included strong performances from Yu-Gi-Oh Duel Links and eFootball PES 2021 globally, while Professional Baseball Spirits and Jikkyou Pawafuru Puro Yakyu dominated the Japanese market.

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