Rakuten Group Inc S/Adr (RKUNY) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.240 Hello everyone. Thank you very much for taking the time out of your busy schedules to 00:00:04.240 -- 00:00:08.890 join us today. I will be explaining the results of Rakten Group for the second quarter 00:00:08.890 -- 00:00:14.142 of 2025. Here is today's agenda. First, I will explain the business 00:00:14.142 -- 00:00:19.290 performance. After that, our CFO, Hirose, will explain the financial 00:00:19.290 -- 00:00:24.635 results, and our Chief AI and Data Officer, Ting, will provide an update regarding 00:00:24.635 -- 00:00:29.741 AI. To begin, I will report on the status of Rakuten Mobile, which is of great 00:00:29.741 -- 00:00:33.946 interest to everyone. In the second quarter of 2025, 00:00:33.946 -- 00:00:39.952 Rakuten Mobile's standalone EBITDA improved by 19.1 billion yen year-on-year, 00:00:39.952 -- 00:00:45.332 reaching 5.6 billion yen. Compared to the previous quarter, when we achieved 00:00:45.332 -- 00:00:50.278 our first quarterly profit, we were able to further expand the profit. 00:00:50.278 -- 00:00:56.365 We are making steady progress toward achieving full-year EBITDA profitability in 2025. 00:00:56.365 -- 00:01:02.032 As for the number of subscribers, we surpassed 9 million subscribers on July 7, 00:01:02.032 -- 00:01:06.037 and as of July 31, we reached 9.08 00:01:06.037 -- 00:01:11.190 million subscribers. Toward breaking the major milestone of 10 million, we aim 00:01:11.190 -- 00:01:15.820 to further accelerate the pace of net additions in the second half of the year. 00:01:15.820 -- 00:01:19.867 Next, I will report on the group's consolidated business performance. 00:01:19.867 -- 00:01:22.652 In the second quarter of 2025, 00:01:22.652 -- 00:01:28.198 consolidated revenue increased by 11% year-on-year to 5...